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 announcement of RTFKT Studios’ collaboration with Atari came on the same day when Gucci became the first luxury brand to rollout its NFT with sneaker fashion tech company Wanna.
The demand for NFT digital collectibles is not limited to sports and gaming. The market includes crypto artwork and other kinds of in-game items.
In light of the recent performance of the Nvidia cards, Ethereum miners are most likely going to be drawn into purchasing the cards.
The song does not have a name. Besides, it does not exist in any major marketplace. However, the tweet of Elon Musk is listed as an NTF on the Valuables platform.
The crypto market still has the potential to climb higher, have a look at the coins that can be your profitable partners for the next weeks and months.
Thanks to its established know-how in this area, Vinter has built a reliable and accurate tracking methodology for XDC/USD that surmounts thorny areas of token trading like liquidity, all while accounting for regulation and exchange stability.
Seeking to unite gamers, token holders, and NFT collectors, ALICE is currently trading at $30 on Binance, with a 24-hour volume of over 1.3 billion USDT.
The new report of a possible crypto ban in India contradicted India’s finance minister Nirmala Sitharaman’s thoughts on the crypto industry.
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FTX exchange is looking to get exclusive rights to rename the 19,600-seat arena in order to popularize DeFi and crypto.
Greg Waisman, the co-founder and COO of the fintech company Mercuryo, shares his insights about the Bitcoin (BTC) and Ethereum (ETH) weekly price movements. How institutional demand pushes Bitcoin to new highs.
The letter further points to DC’s intent to work out a fair solution for all parties including fans and creators.
By the time of writing, the Roll social token platform has not issued an official statement about the attack, although a representative for Roll confirmed that the project’s hot wallet was the target of the hack.
In response to a tweet, Tesla CEO Elon Musk revealed that he supports the listing of Dogecoin on Coinbase.