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.
Meme coins are on a slippery slope and struggle to gain momentum despite the Bitcoin rally. Pepe, the frog-themed meme coin, is holding fort at key support. While bulls eye an extended rally, the massive supply zone warns of an intense pullback.
With altcoins ready for a moonshot, Cardano reveals breakout rally potential. While the ongoing pullback clouds the breakout chances, the network growth and market recovery hint at a high momentum run.
Ethena Labs launched its USDtb stablecoin backed by BlackRock’s USD Institutional Digital Liquidity Fund while clocking $65 million in total-value-locked (TVL) on the first day.
Hyperliquid’s surge is driven by its community-first approach, with its native HYPE token soaring 774.73% in just one month.
The integration of the Hedera network with the Chainlink standard will enable the former to grow its DeFi ecosystem into a first class space to compete with other Layer One (L1) chains.
The bullish trend in Baby Doge Coin prepares to continue the rally with listing gains amid broader market recovery. But, will the whale remain diamond hand as the offloading season begins early?
Market experts believe that interest in MOCA as well as trading activity and volume would remain strong, at least, for the short term.
Ethena Labs has launched USDtb, a 1:1 dollar-pegged stablecoin with multiple utilities in view.
The demand for AAVE has significantly spiked since the support of the DeFi protocol by Donald Trump-backed World Liberty Financials (WLFI).
imgnAI launched the NAIFU meme coin paired with IMGNAI, introducing real-time transparent AI interactions and blockchain integration.
Ethena’s growth has been quite remarkable, and now, there is a vivid possibility of it carving out a significant portion of the stablecoin market for itself.
As DeFi and meme coin markets slow, a whale acquires PEPE and Ondo. As Ondo breaks the $2 barrier, targeting $3, PEPE shows signs of a triangle breakout. Is the strategic whale entry hinting at a broader market rally ahead?
Mark Longo of Peanut the Squirrel has dragged Binance in a lawsuit to enforce the brand image rights of the meme coin.
Solana gains momentum with rising TVL and developer growth to expand its ecosystem. As a bullish setup shows massive potential in an extended bull cycle, will Solana manage to overtake Ethereum?
Sonic commands $80 million in SOL delegations from 81,000 users, positioning the upcoming airdrop for record-setting distribution volumes.