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.
Besides incentivizing users who make payments with the tokens, the PRQ tokens have other unique advantages and use cases.
With hardware wallets, the developers don’t make money by charging you regular fees. Instead, they take fees for creating hardware wallets so that you never have to pay anything else.
Shyft Network will bridge this gap to facilitate institutional adoption of blockchain-based solutions through its opt-in infrastructure.
At the time of writing, DOGE is in the 10th position with a market cap of $7 billion.
DogeCoin registers a massive rally making a momentary entry in the list of top-ten crypto by market cap toppling Litecoin (LTC) for a very short time. In a wild rally, the crypto price jumped vertically upwards registering 800% in just 24 hours.
There are three altcoins to watch this and next week, as I am expecting high volume injections during weekends, my top picks are ADA/USD, LINK/USD, ZIL/USD.
Mark Cuban believes that Bitcoin, Ethereum and some altcoins would be able to pull through just like big internet companies of today.
The latest partnership with the Ethereum Foundation adds up to the already long list of Ethereum-focused projects between the two firms.
UniSwap’s UNI DeFi token has shot to fame with a massive rally this year. The latest price jump comes on the backdrop of improving fundamentals of the UniSwap network.
The DIFX platform is designed as a cross-asset exchange wherein different financial assets ranging from cryptocurrencies, stocks, ETFs and more can be traded in one space.
Ripple has already faced a similar case filed against it by the SEC, which alleges that the XRP token is a security and not a crypto asset.
The WAX blockchain is expected to significantly benefit from the Sanders meme immortalization.
Signal is developing payment features to enable the use of MobileCoin, a ” privacy-focused cryptocurrency” built on the Stellar network.
Staying bullish on Ethereum (ETH) as a potential growth asset, Galaxy Digital announced new ETH funds with onshore and offshore investment facilities.
Ethereum has a major DeFi lead in several key metrics, including the overall number of DeFi apps, number of DeFi users, number of DeFi developers, and total value transacted through DeFi apps.