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.
Builders in the Web2 ecosystem may start exploring Pump.Fun to raise funds like JELLYJELLY.
The Pump.Fun-backed JELLYJELLY is consolidating amid an ongoing capital reshuffle by investors.
Tether has reported a profit of $13 billion for 2024 amid diversified investments push.
Stablecoins’ supply saw explosive growth, rising by over 59% throughout the year and peaking at $200 billion in September.
Grayscale Investments introduces a Dogecoin Trust, offering institutional investors regulated exposure to DOGE. The move signals growing confidence in the meme coin’s long-term viability as a financial tool.
As the broader market anticipates a new bull run in altcoins, SUI comes as a top choice. With price targets extending to $10, should you consider buying more SUI tokens?
An anonymous creator behind the ‘Charles’ meme coins had transferred 90% of its total supply to Cardano founder Charles Hoskinson, likely aiming to generate hype. Instead of engaging, Hoskinson swiftly sent the tokens to a burner address.
In addition to Upbit, VIRTUAL has been listed on major platforms including Bithumb, Bybit, and KuCoin, bolstering its accessibility for both South Korean and global investors.
As Cardano makes a comeback in the game after being called a ghostchain, the demand continues to grow. With bulls aiming to catapult ADA price to a new height from $1, should you be joining the Cardano rally?
The utility-based altcoins have gained significant traction in the recent past since the inauguration of pro-crypto US President Donald Trump.
Elon Musk’s D.O.G.E.-linked announcement has reignited curiosity among Dogecoin enthusiasts amid the token’s stagnant price movement.
Silk Road creator Ross Ulbricht-associated wallets reportedly lost $12 million due to errors while providing liquidity for the fan-made ROSS meme coin on Raydium.
Shiba Inu (SHIB) ecosystem witnessed the burn of 1 billion tokens amid the celebration of the debut of ShibTorch V2.
Despite his son’s deep involvement in technology and finance, Elon Musk has stayed away from launching a cryptocurrency bearing his name. Errol, however, has no reservations about leveraging the Musk brand for his project.
Solana’s stablecoin supply has surged by 73% in just 15 days, driven by the launch of TRUMP and MELANIA meme coins.