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.
X Empire, a tap-to-earn crypto project, has gained over 40 million users, integrated NFTs, and designed its tokenomics to benefit the community.
Some Catizen players expressed complete dissatisfaction over their token allocations during the airdrop with the team allocating much less than the original plan of CATI token allocation.
Today’s Hamster Kombat daily cipher code for September 20 is ‘’BYBIT‘’. To check Daily Combo Cards scroll further.
Some market analysts think that Tether could also implode like FTX, if not audited duly by third-party agencies. This implosion would likely be tied to its banking partners.
Apart from SolanaFm and Coinhall acquisitions, Jupiter is launching new products, including Jupiter Mobile, created with MoonPay, allowing fee-free crypto trading via Apple or Google Pay.
SG Forge, a subsidiary of Societe Generale, is launching its euro-backed stablecoin, EURCV, on Solana, following its initial release on Ethereum last year.
The recent price surge has also been supported by bullish technical indicators.
This staking mechanism, available shortly after the September 20 CATI token launch, reflects Catizen’s broader goal of creating lasting value for its users.
The Terraform Labs startup is on track to wind down its operations after receiving the approval from Judge Brendan Shannon.
Currently, more than 300 million players from both the Web2 and Web3 communities are interacting with the project, earning in-game currencies as they complete daily tasks and challenges.
“I don’t see any reason right now for a celebrity to launch a token, whether it’s a meme coin or utility-based token,” says Skale Labs CMO
A Bank of Canada spokesperson stated that the bank has undertaken “significant research on the implications of a retail central bank digital currency”.
The crypto market surged following the Federal Reserve’s interest rate cut, with major cryptocurrencies experiencing rallies. However, the long-term outlook remains uncertain.
While the Helium v3 proposal is still in its early stages and may undergo revisions based on community feedback, the current uncertainty has already shifted market sentiment
One of the key reasons behind the development of Seeker is Solana’s renewed focus on integrating crypto more deeply into mobile devices.