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.
Historically, the $5.40 to $4.80 range has acted as a consolidation zone, meaning Toncoin could enter a period of stagnation within this range. A consolidation phase would likely prolong investor frustrations and delay any chance of recovery.
FTT, the native token of the bankrupt FTX exchange, surged 36% to a high of $2.96, following FTX’s court-approved reorganization plan.
Dogecoin price has soared by over 4% with correspondingly massive Open Interest data in connection to Elon Musk’s D.O.G.E.
ADA price jumped 11.46% in a single day, reaching its strongest level since May 2022, driven by $12 billion in whale accumulation.
Zircuit attracted financial backing from major industry players, particularly during the mainnet funding round, which it announced in July.
Participants can claim MEMEFI tokens via OKX Wallet starting 12:00 UTC today, with trading launching at 13:00 UTC across major exchanges.
Solana (SOL) price surged 12%, reaching a fresh all-time high of $263.70 following the Cboe Exchange’s submission of four 19b-4 filings for spot Solana ETFs by asset managers like VanEck, Bitwise, and 21Shares.
The downtime had immediate repercussions for Sui (SUI), the blockchain’s native cryptocurrency with its value dropping 11%.
Toncoin price is in rebound mode after bagging a listing on the Bithumb exchange.
Analyst predicts a major breakout for Shiba Inu, with a potential 60% price increase if the cryptocurrency can break through the $0.000025 resistance level.
The Floki ecosystem has grown in the recent past with more than $45 million in total value locked due to the support of other meme coins.
Tron founder Justin Sun purchased Maurizio Cattelan’s Comedian, a banana taped to a wall, for $5.2 million at a Sotheby’s auction, with an additional $1 million in fees.
MemeFi addressed token-claiming concerns, established cooperation with OKX and Sui, and announced major exchange listings and giveaways.
The Solana-based meme coin CHILLGUY has attracted significant interest from speculative traders, with its daily trading volume rising to over $670 million.
The emojicoin launchpad has gone live on the Aptos blockchain, allowing users to create, trade, and swap emoji-tickered meme coins.