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.
Parcl has inked multiple milestones amid growing acceptance of RWA solutions in the market.
Bybit and Tonstakers have partnered to provide easy access to TON staking.
The directive, issued on December 26, represents Cambodia’s shift toward embracing financial innovation while prioritizing strict oversight.
Solana-based meme coins, including Pudgy Penguins (PENGU), Fartcoin, and Gigachad, have experienced massive growth in 2024, with gains ranging from 600% to 1800%.
ADA might be in an accumulation phase, with MVRV ratios historically rebounding from current levels, presenting opportunities for long-term investors despite bearish signals from a 22-month high NVT ratio.
Whale activity is stirring in the Dogecoin waters, with millions of tokens quietly amassed over the past two days. Paired with potential market recovery, is the stage set for a significant move?
The airdrop will be distributed among active users and stakers as well as community contributors known as Carrots and Good Cats.
Shiba Inu is plotting a potential comeback amid contrasting onchain indicators.
OKX broadens its offerings by launching AI-focused perpetual futures with fee adjustments to manage volatility and reduce risks.
Amid massive whale accumulation, PENGU’s market cap soared to $2.5 billion, briefly becoming the fourth-largest memecoin by market cap.
Chill Guy faces a price drop and declining trading volume following allegations that its mascot resembles a Thai booklet character.
Polygon trapped in a free-fall rally turns the technical indicators red. As the price hovers around crucial support levels, the Polygon network continues to achieve record-breaking user adoption. Will this lead to a bullish 2025?
Bitget’s wallet and BGB integration aims to bolster ecosystem growth, driving immediate price increases for both tokens.
Riding the bullish wave, AI16Z sees rising whale interest and positive technical indicators, hinting at a promising price trajectory. Will the ongoing rally result in an extended bull run in 2025?
BonkDAO’s “BURNmas” event plans to burn 1.69 trillion BONK tokens worth $54 million, reducing the total supply by 1.8%.