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.
Solana’s rapid growth, driven by meme coin trading and user engagement, highlights its competitive edge over Ethereum in user activity and transaction efficiency.
This month’s token unlocks include both “cliff” releases, where the digital assets are unlocked all at once, and “linear” releases, where tokens are gradually unlocked over time.
After peaking at $2.35 last week, SUI price has retraced over 10% to fall below the key $2.0 support, reflecting a dip in investor interest amid increasing bearish sentiment.
The crypto market is bracing for heightened volatility ahead of the Us election results, with Bitcoin dominance reaching its highest level since March 2021, while altcoins face a stronger correction.
Shiba Inu’s Lucie anticipates a November bull run while expressing caution amid the uncertainties of the US election.
Coinbase CEO got an informal community note after Justin Sun debunked claims of no listing charges
Tron is leading the altcoin transaction volume dominance level per data from CryptoQuant.
The TON blockchain has introduced two crucial updates dubbed v2024.10 and FunC 0.4.5.
Aptos partners with SK Telecom to integrate Tether’s USDT into T Wallet, enhancing global access to stablecoins and digital finance.
The Shiba Inu community witnessed a major burn rate spike, yet despite the decreased supply, caution is advised by security experts.
Paxos launched the USDG stablecoin in response to institutional demand for a fully regulated stablecoin.
Solana and Ethereum have continued in their value transfer moves amid broader shift in market dynamics.
Agora’s USD stablecoin has gone live on Injective after making its debut on Ethereum, Avalanche and Sui Networks previously.
Elon Musk’s creation of the Department of Government Efficiency (DOGE) is reigniting investor confidence and significantly boosting Dogecoin’s market prospects.
TapSwap works similarly to Hamster Kombat’s Daily Cipher and Combo offers Daily Codes for players to claim extra rewards.