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.
Both Toncoin and Notcoin Web3 projects have significantly benefited from the vast Telegram community of nearly 1 billion global users.
Frog-themed meme coin Pepe (PEPE) surged to a new all-time high thus triggering a significant spike in whale trading during the past 24 hours.
PNUT, a Solana-based meme coin inspired by “Peanut the Squirrel”, surged 300% to $1.70, driven by a tweet from Elon Musk.
MyDoge’s upcoming DogeOS aims to boost Dogecoin’s utility and community engagement, sparking excitement and potential growth in the ecosystem.
With a 40% gain over the last month, profit-taking and waning buying pressure suggest a possible pullback for Solana price below the $200 mark.
The implementation of the DOGE program will significantly cut the US government spending from the current $6.5T annual budget and heavily deregulate the country.
The Litecoin network has grown to over 7.7 million on-chain holders, as institutional investors seek to have an ETF approved in the U.S. soon.
During the 2021 bull market, Solana surged 900% after 117 days of consolidation. If trends repeat, it could surpass $1,000 and reach $1,900.
With such a strong rally, it comes as no surprise seeing the coin post very high trading volumes and notable liquidations.
Altman has expressed optimism for the project’s future, particularly commending Blania’s leadership in navigating regulatory challenges.
Following the integration, Agora’s AUSD will be freely available and interoperable across every single chain and platform that supports the AggLayer.
Shiba Inu 1837% token burn increase has fueled market optimism, boosting SHIB’s price by 14% within 24 hours.
The Dogecoin network has attracted significant attention from crypto investors since the profound victory of pro-crypto US candidates led by Donald Trump.
Sky to Maker rebrand is not going to work as whale voters squashed the plans.
Ripple Labs may push for a Dirham-pegged stablecoin based on growing speculation in the industry.