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.
Bybit introduced a 40 million token prize pool for PLUME, with reward programs running through February 2025.
Linea, a layer-2 scaling solution, has conducted a Sybil check of registered addresses for its airdrop.
Despite the growing pressure over Bitcoin, Litecoin sustains key support levels. Will this underlying support propel LTC price to the $208 mark?
The TRUMP token continues to decline heavily and has lost over 30% in the last 24 hours.
Mark Cuban recognizes the community-driven success of SHIB, while its developer underscores the token’s commitment to long-term value creation.
As a triangle pattern traps Arbitrum, sellers pressurize $0.66 support. Will bulls sustain dominance to turn the tables?
Lido DAO (LDO) token dropped around 3.3% in the past 24 hours as a whale bought 2.7 million LDO at an average price of $1.82.
Amid growing speculations of a market crash, Dogecoin is down by 10%. As sellers aim to test $0.30, will a long-standing trendline change the bearish course of action?
The cryptocurrency market sees unprecedented growth as Trump administration’s pro-crypto stance drives institutional investment, while celebrity-backed memecoins gain traction despite security concerns.
Cuban government’s X account has promoted a token that is now rug-pulled, leaving investors in losses.
Barron Trump does not have a memecoin; however, one impersonating him saw a sharp rise and fall in the market.
India’s enforcement agencies are ramping up efforts to dismantle crypto-based fraud networks.
Amid the rising market, Shiba Inu hit the reverse gear with a range breakdown. Will the SHIB prices drop 25% amid rising sell-off?
The partnership of the Hashgraph Association with Taurus comes at a time when digital assets are booming in Europe, Asia, and the Middle East, and Africa.
The Solana network registered around $15 million in cash inflows last week ahead of the much-hyped Donald Trump 2nd inauguration on Tuesday.