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.
The bullish performance of AAVE over the past month is at risk as sellers take over the market. As uncertainties grow, will the AAVE bull run take a plunge under $300 or continue to grow? Whales remain crucial.
A Binance survey revealed that 16% of respondents hold meme coins, surpassing Bitcoin’s 14.4% while staying even more bullish going into 2025.
Jerome Powell, the soon-to-be-replaced head of the Federal Reserve, announced the last rate cut for 2024. However, the bullish news comes with a special comment from Powell, turning the crypto and global stock markets red. Here’s why.
Solana-based DEX Jupiter introduces JupiterZ, featuring innovative gasless swaps and zero-slippage trading through an RFQ system, while simultaneously launching a dApp Browser for its mobile Android users.
Polygon will not set up a stablecoin-based yield generation outfit on Aave.
Binance attributed the delisting decision to its stringent asset evaluation process, which aims to ensure compliance with industry standards.
Charles Hoskinson has urged the Cardano Foundation to consider moving its operations from Switzerland to more crypto-friendly jurisdictions like Abu Dhabi or Wyoming.
Amid the altcoin recovery run, Solana witnesses a boost in network and price trends. As bulls prepare for a breakout run to $250, the on-chain growth supports the bullish trend chances.
Binance announced a 135 million PENGU token airdrop to restore trust.
With the crypto market witnessing a new bearish hiccup, Uniswap trades above crucial levels. Absorbing the market hits, Uniswap aims for a breakout rally. However, the whales’ activities are a matter of concern.
Within 20 minutes, the trader flipped the PENGU stake for 60,726 SOL, valued at $13.72 million.
The crypto investment landscape transforms as Bitcoin ETFs accumulate over $123 billion in assets since January approval, while analysts project a strategic expansion of crypto ETFs in 2025, potentially reshaping market dynamics.
Fuel Network initiates its Genesis Drop, allocating 10% of total FUEL token supply to over 200,000 eligible participants across various ecosystem roles, with claims open from December 19, 2024, to January 19, 2025.
SoftBank-backed Remote and financial platform Stripe join forces to revolutionize global payroll processing by enabling stablecoin payments, initially launching with USDC on Base for US-based customers.
Tether has strategically invested in the European stablecoin issuer StablR, which operates the euro-backed StablR Euro (EURR) and USD-pegged StablR USD (USDR).