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.
Based on Q3 returns, investors holding the other top DeFi blue chips were in losses, but not AAVE.
Hamster Kombat and Bitget have maintained a close relationship since the game’s early days, with the exchange previously listing HMSTR on its perpetual futures market, allowing users to speculate on the token’s price movements.
Barclays identifies three main use cases for a digital pound: personal payments, merchant payments, and secure transactions for goods and services.
For Solana, the death cross would mark a possible end to the impressive bull run that began in October 2023.
Catizen, despite months of promises to community members, might face a seriously hard launch with community unhappy about current allocation
Circle has been working to enhance the global use of the USDC stablecoin. In a recent move to boost USDC adoption, the company announced plans to open a new international office in New York City.
Simon’s Cat (CAT), a cat-themed meme cryptocurrency, has surged to a new all-time high, skyrocketing 139.50% in the last 30 days.
With this new burn mechanism, Shibarium is expected to burn 70% of all base transaction fees collected on the network.
Starting in the fourth quarter of this year, Starknet will enable users holding more than 20,000 STRK tokens to stake on its network.
A growing number of altcoins will lead to a spread of funds across projects, making it harder for the market to stay stable.
Despite the landmark ruling affirming that USDT is property, the court could not validate the plaintiff’s claim that Bitkub had actually received the stolen digital assets after they passed through crypto mixers.
Upbit has listed various altcoins this year, attempting to boost the trading volume on its exchange platform.
BitGo, the firm behind WBTC, announced last week that it would become a minority shareholder in its own project, while Justin Sun and BiT Global will be the majority stakeholders.
MemeX’s key feature is its real-time coin discovery tool, which tracks and displays new meme coins within seconds of their release.
The Sui blockchain has grown to a vibrant Web3 ecosystem with over $712 million in TVL and nearly $400 Million in stablecoins market cap.