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.
PEPE meme coin has surged due to major whale accumulations, with one prominent holder amassing 337.09 billion PEPE in just 20 days.
Tron has reclaimed a new ATH, serving as a yardstick for other altcoins to chart related growth course.
The rise of BNB price is heavily bolstered by the robust fundamentals of the Binance ecosystem including vibrant DeFi protocols and rising stablecoins inflows.
As market demand grows, AAVE is on a path to becoming a DeFi superstar. The lending and borrowing protocol crosses historic TVL borders, but whales remain the puppet masters.
With the entry of Grayscale in the Solana ETF race, the news has sparked a 3.62% price surge in Solana. This adds to the growing optimism around its future potential in Solana, as it surpasses Ethereum in various DeFi metrics.
Nike-owned RTFKT is winding down and Chiliz CEO Alexandre Dreyfus expressed the platform’s intentions to bid on RTFKT’s assets.
Tron’s native cryptocurrency TRX has surged 16% in the past 24 hours, reaching an all-time high of $0.2381, driven by a 112% increase in daily trading volumes.
Large investors are concluding their long-term trades in top-performing tokens in a bull market. Amid the profit bookings, the whales are quick to exit some RWA tokens. Will the sell-off shock drop the RWA momentum?
Chainlink’s rally breaks key resistance levels, with a massive green candle on the weekly charts. As on-chain data supports the upcoming rally, technical analysis reveals critical price targets ahead.
“Altseason is no longer defined by asset rotation from Bitcoin,” said Ki Young Ju, CEO at CryptoQuant.
Chainlink’s LINK token shows strong performance in the crypto market, surging 22.4% in 24 hours amid broader altcoin momentum, while the network continues expanding its enterprise partnerships and real-world asset capabilities.
Dogecoin rally aims $10 with the all time high level breakout. However, the upcoming token unlock worth $42M warns of a rocky road.
Two main factors appear to be contributing to Shiba Inu’s recent price performance. They are market sentiment and community backing.
The DeFi ecosystem on the Hedera network has grown to over $154M in TVL and more than $17M in stablecoins market cap due to its reliability compared to the competitors.
Veteran trader Peter Brandt forecasts Litecoin’s recovery rally that could outshine the other top altcoins. With LTC up 82% in four weeks, Litecoin miner reserves will play a critical factor in the upcoming rally.