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.
Cardano price is eyeing an epic rebound after latest selloff in the broader digital currency ecosystem.
MOVE token’s strong debut features a 50% surge, major exchange support, generous testnet rewards, and widespread praise from analysts.
As the crypto market faces bearish pressure, Neuroweb.AI emerges with a record of 2.4 million knowledge assets, driving 6.96 million Polkadot parachain transactions. Will Neuroweb’s growth reshape AI in decentralized ecosystems and pump Polkadot’s price beyond $10?
EigenLayer, the biggest name in restaking, launched in 2023 and quickly amassed over $17 billion in TVL, according to DefiLlama.
Floki launches Visa and Mastercard-supported crypto debit cards in 32 European countries, enabling direct spending of FLOKI, BTC, ETH, and other cryptocurrencies across millions of merchants globally.
Tether’s dominance in the stablecoin market remains unchallenged, with 330 million on-chain wallets holding USDT by Q3 2024, far outpacing all other stablecoins.
X Empire is performing better than most of its peers at the moment.
The crypto market faces turbulence as Bitcoin slips below $98,500. Despite minor dips, Toncoin and Solana hold key levels, sparking speculation of fresh highs. With strong fundamentals and robust network activity, the path forward hints at significant potential, even amid liquidation pressures.
Jupiter’s founder, Meow, emphasized the importance of rewarding genuine users and preventing opportunistic ‘airdrop farmers’ from exploiting the protocol.
A wave of token unlocks, valued over $730 million, is set to impact the market this week, with Cheelee leading cliff-based unlocks and Worldcoin dominating the linear release schedule.
The creators of the Milady NFT project launched the highly anticipated Cult meme coin with its fully diluted valuation (FDV) surging to $845 million at launch.
Whale activity usually signals upcoming developments.
Chainlink’s price surge coincides with a 177% rise in trading volume and a boom in whale holdings. The technical analysis targets $32, but the rising adoption and Chainlink’s role in Brazil’s CBDC project hint at an extended rally.
Despite the turmoil surrounding the JUSTICE (Justice for Pnut and Fred) token, the broader meme coin market continues to grow.
Popular Solana memecoin launchpad Pump.fun implements UK geoblocking following regulatory scrutiny from the Financial Conduct Authority over unauthorized financial services.