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 deployment of GHO has been limited to Ethereum and Arbitrum networks, at least for now.
By listing the token on these platforms, HMSTR will benefit from their various trading volumes and liquidity, which will help bolster the token’s visibility and trading activity right from day one.
With strong technical indicators and ongoing support from the Cardano community, ADA appears well-positioned for potential further gains.
As a key player in the RWA sector, Chainlink prides itself on the capacity of its Cross-chain Interoperability Protocol (CCIP) to connect various on-chain environments.
FTX was closely tied to Solana before its collapse in November 2022. The exchange’s demise sent shockwaves through the blockchain ecosystem, with SOL plunging as low as $8.
The community eagerly awaits the Catizen listing price, with predictions suggesting a potential surge in value ahead.
The current Dmail NFT marketplace is in beta version and only supports the BNB network with fees payable in $DMAIL tokens.
Since its launch in July, X Empire has quickly gained traction as one of the newest entrants in the tap-to-earn (T2E) gaming space on Telegram, attracting over 18 million players within its first few weeks.
Unlike other protocols, ADA staked tokens are not locked, making it possible for holders to spend or move their assets.
Per SlowMist, an attack targeted multiple cryptocurrencies, including Shiba Inu (SHIB), one of the most popular meme coin tokens.
Two dogwifhat whale addresses have been buying WIF over the past two weeks accumulating $33.5 million worth of WIF coins in their bags.
Trump meme coins fell up to 96% over the last 7 days after his debate with Kamala Harris, where both candidates discussed presidency plans.
Aave’s recent developments and market performance reflect a positive investor sentiment.
For Nucoin holders with a balance of at least R$100, Nubank is offering an option to convert their Nucoins into BTC or the USDC stablecoin.
DOGS has also launched GhostDrive, a new Web3 storage platform boasting over 740,000 monthly users. GhostDrive allows users to store their data securely and earn rewards by monetizing it through pay-per-view, streaming, or ad networks.