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.
Vitalik Buterin believes political tokens are not ideal because of the susceptibility to manipulation.
Rus Yusupov introduces VINE memecoin on Solana, commemorating the legacy of the video-sharing platform with locked developer tokens and integration with X.
Arcblock (ABT) soared a massive 45% in the past 24 hours but failed to break through the $2 resistance and trades at a discount of 65.56% from the all-time high.
Circle’s new Paymaster product enhances blockchain transactions by enabling USDC-based gas fee payments on Arbitrum and Base.
Decentralized exchange tokens are falling amid the rising market uncertainties, Aerodrome Finance at key level aims for a reversal run.
Bitget’s BGB token surged over 1000% in 2024, driven by enhanced utility, a new burn mechanism, and ecosystem integration.
As sellers overtake the market, Dogecoin breaks under the key 50% Fibonacci level. Will this breakdown drop DOGE price to the next crucial psychological zone?
The mutual support of the Tron ecosystem and the Donald Trump-backed World Liberty Financial (WLFI) protocol has significantly helped attract more organic users to the TRX-based DeFi protocols.
Unlike speculative tokens such as TRUMP, ARK Invest has historically focused on digital assets with clear use cases and long-term adoption potential.
The TRUMP and MELANIA meme coins, launched by Donald and Melania Trump, have drawn retail investors but remain heavily concentrated among whales.
As Solana network dominates Ethereum and others in DEX volume, the SOL price trend hints at a new all-time high.
Chainlink (LINK) is expected to break out of a bullish flag pattern and claim a high price of $50 in the near future.
Season 3 introduces fresh quests, where players can collect SoulBound Tokens (SBTs) throughout the game.
Bitwise’s filing for a Dogecoin ETF has sparked market optimism, with analysts anticipating a potential price surge for the meme coin.
Frax Finance’s $5 million investment proposal in WLFI aims to integrate frxUSD into its ecosystem, but the plan has drawn mixed reactions.