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.
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.
Dogecoin price has been consolidating between $0.39–$0.48 with patterns resembling its behavior before the 8,000% rally in 2021.
Velodrome Finance’s inclusion on Binance is a major boost to its accessibility and liquidity.
For the second consecutive day, World Liberty Financial purchased $1 million worth of LINK.
Valour’s latest ETP offerings bring blockchain technology to the fingertips of traditional investors, allowing them to diversify their portfolios without the complexities of direct crypto ownership.
Solana is now leading the blockchain ecosystem in terms of onboarded developers Year-to-Date (YTD).
SuperForm is driving a bridge between TradFi and DeFi with its new SuperUSDC product.
A new proposal for the Polygon PoS Bridge seeks to activate $1.3 billion in idle stablecoins, generating $91 million in annual yield.
The Avalanche Foundation raised $250 million fundraising, with funds aimed at enhancing its platform’s scalability and efficiency.
Coinbase’s December 11, 2024 announcement adding PNUT to its roadmap for potential listing has sparked renewed investor enthusiasm.
Amid the rising TVL, trading volumes, and other network metrics, the Aerodrome Finance market value is preparing for an all-time high. Will the underlying demand zone sustain market fluctuations for an extended run in AERO prices?
SUI price hits a fresh all-time high with soaring open interest suggesting a strong rally for the altcoin with analysts predicting a breakout above $5 and a rally to $10.
Chainlink leads the DeFi token rally with a 26% surge, reaching $28.73. With a wedge breakout starting a six-week rally, bulls target key resistance levels. Furthermore, with on-chain data showing a massive surge in whale holdings, a dormant whale is back for more.