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.
32% of all $XDEFI tokens (half of circulating supply) to be locked in Uniswap AMM pools for 12 months.
Meanwhile, North Carolina is equally recognizing the potential benefits of digital assets to stay competitive in innovation.
Japan is actively promoting Web3 adoption. That is, through its Ministry of Economy, Trade, and Industry supporting investments into Web3 startups.
Solana price has signaled a potential bullish rebound in the near term after Bitcoin (BTC) price rallied above $57K in the past 24 hours.
The loyalty and active participation of Hamster Kombat users were undoubtedly critical to surpassing the 55 million subscriber level.
While the crypto project itself is not involved in the trading of its users’ data, others who engage in purchasing and reselling Worldcoin accounts and tokens may be illegally offering payment services under the PS Act, raising concerns about the potential misuse of digital identities for malicious purposes, such as money laundering.
BBVA disclosed that the integration of the USDC stablecoin will enable their clients to speed up their trading operations by enabling them to transfer value more efficiently with blockchain.
In terms of their reserve ratio, Binance has a ratio of 106.84% for its BTC assets, 103.68% for its ETH assets, DOGE for 100.09%, 112.82% for USDT, and 102.67% for its Solana (SOL) assets.
On-chain data shows that Cardano has experienced a significant spike in daily active addresses, marking the highest level of activity since March 2024.
The potential listing of CATI on exchanges like OKX is expected to generate a large trading volume for the token, thanks to the large user base of these platforms. However, it remains to be seen how the market will receive and adopt the token.
The integration will go a long way in helping token launches on Pump.Fun boost their trading volume as well as their visibility.
When ZRO first hit the market almost three months ago, it had a price tag of $4.4. Currently, it has recorded only a 23% price dip from launch.
While this strategy aims to provide a secure and controlled launch environment, it may not align with the expectations of retail investors who anticipated a more direct way to obtain RLUSD.
This recent revocation of contract ownership makes it absolutely unlikely for the new team to take over and introduce new features thereby reducing the chances of the platform’s revival.
Catizen is preparing to finalize its roadmap for Phase III of its development this September. Once this stage is completed, the game will focus on Phase IV.