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.
Donald Trump’s DeFi project World Liberty Financial launched the second stage of fundraise aiming to raise an additional $250 million for 5% of the total token supply, with a projected FDV of $5 billion.
Solana leaders praised the chain’s milestone despite its challenges as Bybit’s Ben Zhou pledged a better Solana experience for on-chain users.
Dogecoin faced significant whale accumulation coinciding with a 15% weekly price surge, while analysts set a $15 price target.
The Solana-based meme coin BONK has broken a long-coming trendline for a bullish rally. Will this rally give a return of more than 100% this month?
The upcoming Trump administration is expected to democratize the adoption of digital assets and Web3 protocols by leveling the playing field for all participants.
Chen confirms that plans are also in place to contribute another 100 million MIRA.
Phantom has returned to normal after the overcoming congestion from rising crypto adoption.
The rising popularity of meme coins on the Solana network has triggered a major liquidity drain from other layer one (L1) chains, downplaying the headwinds caused by outages.
TON’s record-low volatility signals a calm market phase, but historical trends suggest potential for major price swings ahead.
WazirX’s fight against cybercrime has paid off with its recent freezing of $3 million worth of USDT.
Virtuals Protocol (VIRTUAL) is expected to revisit the $3 price level and then, form a bullish momentum while analysts highlighted the possibility of AI run now cooling down.
ApeX Protocol kicks off its airdrop season with the XP Campaign, distributing 25 million APEX tokens to reward active traders.
With Ondo Finance sustaining at $1.18, the upcoming token unlock could reshape the price trend. Will the upcoming surge in circulating supply crash the ONDO price under $1?
Orbiter Finance to airdrop 40% of its OBT tokens as it eyes going live on January 20.
On the verge of a parabolic rise, Litecoin price is preparing for a breakout run as the crypto market gains bullish momentum. Amid this recovery run, will LTC price reach $200?