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.
The Scroll’s SCR token airdrop via Binance has attracted over 1.6 million participants through the BNB and FDUSD liquidity pools.
X Empire has offered insight into its future in view of the potential launch of its native token.
Data from Dune highlights that since early August, SunPump has been instrumental in launching over 90,800 meme coins on the Tron network, significantly contributing to Tron’s revenue and market presence.
A savvy investor became a millionaire by turning a $96 investment in TRUMP tokens into over $3 million.
Litecoin price rallied above $73 for the first time since July fueled by rising demand from institutional investors and retail traders.
Worldcoin, now World Network, has unveiled key updates and plans to scale to 1 billion users with new Orbs and a revamped World App.
Kucoin joins the league of top exchanges listing X Empire’s $X token.
Hamster Kombat is planning a new launch to its gaming strategy in new appeal to the community.
The consolidation phase in SHIB price, marked by resistance at $0.000018 and support at $0.000016, has prompted Shiba Inu whales to gradually increase their holdings.
Animoca Brands announced the additional purchase for WATCoin (WAT) is a direct support for the Toncoin (TON) ecosystem.
The Cardano community is not taking the recent a16z boycott lightly with a callout of its key partners.
Trump-inspired meme coins, including MAGA Hat, Super Trump, and Dark MAGA, have surged in value as election prediction markets increasingly favor a Trump victory.
Ethereum’s fee revenue is significantly impacted by the rise of layer 2 solutions like Uniswap’s Unichain and updates such as EIP4844.
Since the release of Binance former CEO Changpeng Zhao, BNB price has gradually gained bullish momentum and followed Bitcoin in an ongoing breakout.
Dogecoin is on the rampage as the Elon Musk D.O.G.E initiative takes the center stage.