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 WCT airdrop is an important step in WalletConnect’s journey toward decentralization.
The hack mostly targeted seasoned cryptocurrency traders with substantial social media followings.
Dog-themed meme coin Neiro (NEIRO) has rallied over 3,000 percent in the past two weeks following the listing on the Binance exchange.
Hamster Kombat might launch its wallet for users ahead of its planned HMSTR launch.
A new project is about to hit the Shiba Inu community, which could possibly drive more adoption of its ecosystem.
DWF Labs announced that it has already set aside $500M for its upcoming synthetic stablecoin, which will play a crucial role in its liquidity management strategy.
The market capitalization of the HBAR token stands at $2.14 billion, making it the 43rd-largest digital asset on CoinMarketCap.
EigenLayer’s native token, EIGEN will become transferable after months of lockup in the Stakedrop campaign.
There have been uproars regarding Hamster Kombat’s decision to ban millions of users holding billions of HMSTR tokens from its platform. Why did this happen?
In the past 24 hours, Celestia (TIA) price rallied over 13 percent to trade about $6.29 on Monday, thus initiating a fresh macro bull run.
A new Hamster Cash community game is now introduced by a former co-founder of the Hamster Kombat.
Dogecoin has the possibility to surge a massive 45% if two conditions are met and one of the two conditions have already been met.
Sui price has grown significant in the past 24 hours as the protocol’s DeFi TVL jumped to a new high.
The game has already partnered with major crypto exchanges for the listing of HMSTR. Once the airdrop is completed on September 26, users will be able to trade the digital asset on exchanges like Binance, OKX, KuCoin, Bybit, Bitget, and Gate.io.
X Empire, a tap-to-earn crypto project, has gained over 40 million users, integrated NFTs, and designed its tokenomics to benefit the community.