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.
Hamster Kombat’s HMSTR token received support from Tonkeeper, further enhancing its utility and potentially boosting its value after being listed.
Strong on-chain activity and whale transactions have led to a major Shiba Inu price surge with other altcoins such as PEPE, BONK, and FLOKI joining the party.
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The development of the Telos zkEVM is crucial in the future growth prospects of the web3 ecosystem as it seamlessly onboard Ethereum compatible DeFis.
Ethena Labs has confirmed that the newly launched UStb stablecoin is a “wholly independent product”, and independent of its already existing USDe stablecoin.
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The proposal suggests reducing TUSD’s collateral backing to zero, effectively ending its support for crvUSD if approved.
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Hamster Kombat airdrop is live and the token is listed on several exchanges.
Memecoin giant Shiba Inu is on track to launch a new stablecoin to boost ecosystem growth.
The total meme coins’ market cap led by Dogecoin and Shiba Inu rallied over 6 percent in the past 24 hours to hover at about 50 billion on Thursday.
TON is preparing for a historic crypto event with record traffic, driven by new projects like Hamster Kombat and innovative token distribution.
The initial listing on HashKey Global follows news of Hamster Kombat’s upcoming token airdrop, which is expected to benefit 131 million users.
The CoinGlass data shows that the POPCAT open interest has surged by 13%, reaching its all-time high of $106 million showing strong trader interest for the Solana meme coin.
Billy Markus criticizes the crypto industry, reveals past projects, and expresses skepticism about current tokens.