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.
Historically, when SOL reaches its current support level, it often experiences substantial price increases.
The Hamster Kombat community members look forward to possible collaborations in the days ahead. Meanwhile, the general market sentiment remains bullish before the listing and trading statistics.
Ripple CEO Brad Garlinghouse emphasized the importance of regulatory approval for the company’s operations, delaying the US launch of Ripple’s stablecoin RUSD. He remains optimistic, highlighting Japan’s progressive approach to digital assets.
One of the key aims of Tonkeeper Adventure is to drive awareness and adoption of the TON ecosystem by offering a hands-on approach to learning.
With the upcoming Bitget listing, CATI is poised to enter the crypto market, competing with other tokens like NOT and DOGS in the T2E space.
Despite the intricacies of the transaction, the unlucky MEV bot operator walked away with just $20 in profit after paying Ethereum (ETH) fees.
A major milestone in Cardano’s evolution is the recent activation of the Chang Hard Fork, which marks the start of on-chain governance under the Voltaire era.
Following the recent accumulation, the AAVE whale holds a total of 125,605 Aave tokens, worth about $17 million, with an average purchase price of $134.6.
Users now will be able to engage with the CATI token before it is officially listed in the spot market.
Out of 53 million DOGS bot users, 42.2 million are eligible for the airdrop. Despite the total supply of 550 billion tokens, DOGS may continue to face downward pressure in the short term.
WazirX recently reopened partial withdrawal of INR accounts as it sought legal assistance in Singapore to facilitate proper restructuring.
This latest stakedrop comes at a time when EigenLayer has been facing net outflows, which has led to a significant reduction in its TVL.
Buterin’s crypto portfolio is largely dominated by Ether followed by 2.11 million Starknet (STRK) units, worth about $809K.
Beyond ecosystem growth, Catizen has attracted prominent investors across the Web3 ecosystem. Some of these investors include Mantle, NGC Ventures, Mask Network, EMURGO Ventures, and PLUTO.
For traders, this new index, the Solana Volatility Implied Volatility Index (SVIV), ushers in a new era of assessing and interacting with the market.