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.
With over 47 million users, the X Empire game has so far registered more than 18 million Toncoin wallets through the Telegram platform.
Chainlink’s technical chart shows a bullish trend, with LINK/USDT breaking above a double-bottom pattern, indicating a structural shift.
SUI has merely displaced LTC by a single spot as they both currently sit comfortably at the 20th and 21st spots.
EigenLayer’s native token, EIGEN, has surged 11% in value since its launch, with a market cap of $769 million.
The TON Core development team called the Hamster Kombat HMSTR airdrop the “largest-ever airdrop in crypto’s history” while handling the launch very swiftly.
Ethena community to vote on integrating Ethereal DEX to boost USDe stablecoin, with ENA holders receiving Ethereal tokens if approved.
With its focus fixed on RLUSD stablecoin, Ripple Labs may soon launch the token as testing enters advanced stages.
The largest token unlock of the month belongs to Celestia, which will unlock 175.56 million TIA tokens on October 30.
The rally aligned with unfounded rumors that FTX would begin reimbursing its defrauded creditors by September 30.
The SHIB Ecosystem’s “Shib the Metaverse” aims to enhance community engagement, creativity, and collaboration among SHIB holders in a borderless virtual space.
The release of Celestia’s $1.1B tokens is just one part of the massive token unlock wave coming in October.
The Solana price has given a major breakout above its downward trendline thereby opening the gates for a rally to $205, and further beyond to new all-time highs.
Ethereum price has significantly underperformed in the recent past compared to Bitcoin as whale investors prefer the latter.
Grayscale has included a list of top 20 altcoins to outperform in Q4 this year, adding new assets including SUI, TAO, OP, HNT, CELO, and UMA.
Hamster Kombat has continued to trend in the T2E gaming world following its airdrop and token listing on exchanges.