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.
In the last 24 hours, Ethereum has seen its trading volume increase by 40% which translates to $56,017,441,224.
The Bitwise Crypto Innovators ETF will track crypto companies dealing with digital currency products and services. It won’t have any direct investment in digital currencies or through any derivatives.
Xfinite will run a fair and transparent ecosystem that will utilize Algorand’s Protocol Evolution system to power community consensus-based governance and decentralized finance initiatives.
According to Chinese media calculations, the digital yuan trials now total about 110 million yuan.
ETH gathers steam as the CME Ether Futures go live today. While the institutional action around ETH price movement has been positive, market analysts give mixed opinions on how the CME Ether Futures can affect the ETH price movement.
Announcing that he would pick a final bid for his first NFT on the 8th of February at 4 pm PST, Shinoda said he would donate the proceeds to the scholarship he founded at ArtCenter College of Design.
Several popular personalities like Snoop Dogg and Gene Simmons have followed Musk and are now tweeting about the Shiba Inu cryptocurrency. As DOGE hits a new all-time high it is now 1600% up year-to-date.
High-throughput platforms have begun to establish themselves as hotbeds for DeFi applications, including Qtum and TRON – both of which offer similar functionality to Ethereum, albeit with drastically lower fees.
Cryptocurrency trader Scott Melker stated that technical analysis supports the prediction that Bitcoin may soon surge to $63,000.
As investors await the launch of Ether futures contracts from the Chicago Mercantile Exchange in the coming week, ETH continues to pull in constant gains.
The VLM approach is expected to become synonymous with legitimate business practices, and it will eventually be the norm for multilevel marketing.
The real-world use cases supported by Ardor demonstrate that, nearly four years on from the initial enterprise blockchain hype, blockchain has indeed found the problems it can solve.
The recent application will first go for public comments for a 30-day period and later will move towards OCC approval. Metal Pay expects a decision from the OCC within the next four months.
News of the hack caused the Yearn’s native currency YFI to fall by around 15%, from $35,000 to just under $30,000
Through the latest surge in the price of the DeFi giant Aave, the Total Value Locked (TVL) has also increased in a corresponding manner.