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.
New report highlights meme coins’ transformation into legitimate asset class, showcasing 500% market growth and emergence of utility-focused tokens in crypto space.
Amid the anticipations of a 2025 bull market, Chainlink prepares for a new recovery run. As an analyst predicts Chainlink to perform better against Bitcoin, the surge in LINK holdings paves the way to a new bull run.
The price of the KEKIUS meme coin has dropped 60% following a massive whale dump after Elon Musk changed back his X account name to his original name.
Elon Musk, once known as the Dogefather, has now shifted his focus to Kekius Maximus. By changing his profile to reflect the meme coin, Musk continues his tradition of influencing meme coins.
AI tokens ai16z and aixbt by Virtuals gain massive whale attention with millions invested at key levels. With plans for a blockchain and token launchpad, these tokens could lead the next crypto rally.
Stablecoin giant Tether adds 8,400 BTC to its reserves, now holding $7.8B in Bitcoin, surpassing its USDT holdings amid regulatory developments.
Bitget reduces BGB token supply by 800M tokens and introduces quarterly burn mechanism, signaling strong commitment to token growth and ecosystem development.
Grayscale has named Solana and Chainlink among the top 20 digital currencies for first quarter next year
SEND Arcade’s Squad Game Season 2 features 456 entry passes for minting, divided into whitelist and public phases.
Amid the declining market demand for MKR tokens, the growing user base over the MakerDAO network hints at a potential recovery in 2025.
Despite the downturn trajectory on the monthly frame, PNUT has seen incredible highs, skyrocketing by 1,200% in the past three months. Earlier this year, PNUT soared over 1,000%.
Hyper Foundation takes another bold step in decentralization with the launch of HYPE token staking on mainnet.
As Dogecoin (DOGE) sustains its position as the biggest meme coin with a $96.32 billion market cap, analysts expect a moonshot rally. The short-sighted traders target $0.37 and $0.41, while long-term gains could witness DOGE price crossing double digits.
The rise of Cardano (ADA) price above $1 earlier this month confirmed the onset of the macro bullish outlook after being trapped in bearish sentiment since September 2021.
The crypto market hangs on a balance as this week’s token unlocks could either fuel bearish trends or spark liquidity for a bull run. Major players like SUI, Optimism, and DYDX lead the action, while the altcoin market cap shows resilience, hinting at rally potential.