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.
Amid a bearish market, the newly launched Sonic SVM token is rising against the tide with listing gains. Will this uptrend continue to surpass the $2 milestone?
Solana and Unicorn Fart Dust are gaining attention due to their market potential, with UFD benefiting from strong community support.
Hyperliquid shed light on several specific points beginning with the validator qualification process.
Sol Strategies is betting big on Solana amid growing demand to back one of the fastest growing protocols in Web3.
Aave’s testnet deployment on Aptos aims to assess V3’s safety and performance, with mainnet launch pending governance approval.
After six years of development, Dusk blockchain debuts its mainnet with advanced privacy features and RWA tokenization capabilities, while introducing multiple initiatives including Hyperstaking and DuskPay.
Bitcoin mining firm GoMining announces strategic expansion to Solana blockchain, with upcoming NFT launch on Magic Eden and new developments to be revealed, while GOMINING token hovers near $0.5.
The Ripple USD (RLUSD) was recently launched and has grown to over $72 million in market cap and a 24-hour average trading volume of about $23.3 million.
XRP’s popularity rises in South Korea, with Bitcoin Cash ranking higher than Solana and Cardano despite lower market capitalization.
As the Solana network continues to surpass Ethereum in multiple DeFi metrics, the SOL price trend struggles to reflect the growth. With the pullback growing intense, will Solana manage a bounce back to cross $300 in January 2025?
ZKsync is on track to incentivize users amid growing demand to boost user retention.
As a minor pullback in the ENA price harming the Ethena whales’ confidence, the price analysis reflects a buying opportunity.
Binance has said that trading of ELF tokens on its platform will not be affected during the upgrade.
As Dogecoin nears the $0.40 mark for a breakout rally, bulls are anticipating an extended run to the $1 pipe dream. Will Dogecoin manage to achieve this target in 2025?
The chain swap reallocates $1 billion worth of USDT from multiple blockchains to the Tron network without affecting the overall supply of USDT.