Since the inception of bitcoin in 2009, thousands more have sprung up with each of them having their distinctiveness. Bitcoin is often referred to as the king of cryptocurrency each of the other thousands of cryptocurrencies falls under the class of altcoins; be it Ethereum (ETH), Bitcoin Cash (BCH), Ripple (XRP), Litecoin (LTC), Monero (XMR), EOS (EOS), TRON (TRX), etc.
All altcoins have their uniqueness in the sense of how they are mined, their nature (whether or centralized or decentralized), underlying technology, speed of transaction, coin distribution mechanism, etc. Although bitcoin is always used as the yardstick when analyzing an altcoin, some altcoins outshine bitcoin in certain specs. Several altcoins are developed on Bitcoin’s framework.
Altcoins are sub-divided into three categories namely; stablecoins, utility tokens, and security tokens. For example, stablecoins such as Tether (USDT), Binance Coin (BNB), Gemini USD (GUSD), USD Coin (USDC), etc. are known to be less volatile than Bitcoin because they are pegged to fiat currencies. However, some altcoins fall under more than one of these categories. You will find more information in altcoin news category.
Altcoins are getting thumbs up from different quarters for playing a significant role in the expansion of boundaries of blockchain adoption and applications. For example, Ethereum is known for its robust blockchain that enables faster transaction time as well as the creation of decentralized applications (dApps). At the time of launch, most altcoins sell themselves as better alternatives to existing ones and usually attempt to improve on the setbacks of known altcoins.
According to CoinMarketCap, there are over five thousand digital currencies in April 2020 although BTC has a staggering 64% dominance in the crypto market. As a crypto investor and enthusiast, stay tuned to coinspeaker.com to get the latest altcoins news around the world to keep you updated and geared up in the crypto space.
The Aave liquidity mining program is aimed at growing the lending and borrowing activity in various targeted markets.
Like the physical universe, every planet in Alien Worlds is different, with each presenting unique characteristics that affect its capabilities and value.
As noted by Gate.io, users can claim their FORTH airdrop by following a set of guidelines, with the first step involving the confirmation of their eligibilities.
The RIF pinning feature allows users to pay for the storage and sharing services provided by other computers on the IPFS protocol.
Dispersion Holdings is an investment company created by the co-founders of Argo Blockchain, which specializes in DeFi, and is about to launch its IPO on the Aquis Stock Exchange.
BeneSwap is a new decentralized derivatives trading platform based on the underlying infrastructure of OKExChain.
Through the partnership, physical pieces will be distributed by DIGITALAX while Polygon will mint the corresponding NFTs.
As Bitcoin (BTC) and Ethereum (ETH) are classified as taxable assets by the US tax authorities, the proposed capital gains tax will also impact crypto investors who have held and earned returns on their digital currencies for a year now.
The market pull-back may also be linked to the possible cryptocurrency market crackdown caution that is probably scaring off some investors.
Crypto industry participants tend to put money wherever they can, especially when some big names are involved. But you need to be very careful to ensure that the NFT you buy has an actual real value.
According to Weezer, the “OK Crypto” NFTs collection features digital trading cards. They represent each song on the album and include different rarities. The crypto album will launch on April 28.
Coinbase Pro has announced support for ERC-20 based, stable coin Tether (USDT). The exchange confirmed trading will commence on Monday, April 26, if liquidity conditions are met.
As interest in crypto increases, there is also a surge in online trading fueled by retail investors.
According to Aoki, he likes to “be early in as many things as possible.” He said that his investment in Bitcoin was when the digital asset was trading at around $11,000.
Ethereum has hit a new ATH. Ethereum price is now up over 1400% in the past year.