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.
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.
With Bitcoin surpassing $100K and Trump’s financial fund diving into DeFi, altcoins like AAVE, LINK, and ETH are gearing up for massive growth. On-chain data hints at which token might lead the explosive rally.
Despite a significant 11% drop earlier this week, Shiba Inu (SHIB) has rebounded with bullish momentum as traders aim to recover recent losses.
As Tars AI tops at $0.4208, the increasing demand improves the chances of listing over Binance. Will the changing dynamics and rising volumes drive the bull run to new heights?
Chainlink Labs announced the expansion into the MENA region with an office in Abu Dhabi to feed the local demand in a regulated manner.
Following its airdrop, Magic Eden’s native ME token experienced a volatile debut facing a pump and dump from the highs of $13.10 to the lows of $4.30.
Tether views this recognition as a major milestone for integrating stablecoins into regulated financial ecosystems.
OKX plans to further turbocharge the Telegram and TON ecosystems with a $5 million investment.
Koma Inu (KOMA) secured a listing on leading exchange Bitget and the KOMA price skyrocketed a massive 170% in 24 hours.
Hamster Kombat (HMSTR) announced a new beginning of the Telegram game with the debut of The DAO, giving new utility to the HMSTR token.
Most New Zealanders oppose the CBDC use, citing privacy concerns and government control.
The Bank of England is testing privacy-enhancing technologies like ZK-Proof (zero-knowledge proofs) to improve the privacy and security of its Digital Pound CBDC.
Following the airdrop, Magic Eden’s ME token is set to make waves in the market, listing on leading exchanges like Binance, Upbit, and Bithumb.
Shiba Inu’s burn rate spike and reduced token supply have stirred optimism, although SHIB price saw a 9% dip in the last day.
Cardano price is eyeing an epic rebound after latest selloff in the broader digital currency ecosystem.