
FIFA To Build EVM Blockchain In Partnership With Avalanche
FIFA teams up with Avalanche to launch a new EVM blockchain, boosting speed and scalability for its digital collectibles platform.
FIFA teams up with Avalanche to launch a new EVM blockchain, boosting speed and scalability for its digital collectibles platform.
Solana (SOL) rose 7% in the past 24 hours to $178.70, driven by a 70% increase in trading volume and growing bullish sentiment from analysts.
BUILDon (B) has gained over 500% in a single day after a major accumulation by the Trump-affiliated crypto firm World Liberty Financial.
The native token of decentralized exchange Hyperliquid, HYPE, surged 18% with daily trading volume shooting up by 148% to $346.6 million.
With the latest flood of sales, Avalanche overtook 15 leading NFT chains, including Bitcoin, Ethereum and Polygon.
Kraken has gained regulatory approval in Cyprus to offer crypto derivatives across the European Economic Area.
The involvement of an $11.5 trillion asset manager in the Avalanche ecosystem brings huge attention to the network.
Shiba Inu’s burn rate jumped over 106,000% in 24 hours, yet its price declined by 5.87%, raising questions over the token’s price swing.
Ethereum’s rally to $2,700 and a drop in Bitcoin dominance from 65% to 62% over the past week signal the potential onset of a full-blown altcoin season.
Ethereum leads the broader crypto market rally with a 9% gain, reaching $2,700, while other altcoins like XRP, Solana, and Dogecoin show 4-10% increases.
Tether has listed its gold-backed token, Tether Gold (XAU₮), on Maxbit, a digital asset exchange in Thailand.
Shiba Inu’s burn rate surged by 6,519% in a single day, yet the token’s price failed to surge, currently trading around $0.0000153.
Dogecoin (DOGE) price has gained 32% over the past week, supported by a strong technical setup, highlighting the possibility of a 180% pump ahead.
Solana-based meme coin Moo Deng (MOODENG) soared 100% on Sunday to $0.26, with weekly gains of 600%, reaching a market capitalization of $263.8 million.
Sui is leading altcoin gains with $11.7M in weekly inflows and a bullish price trajectory as it prepares for a major ecosystem event in Vietnam.
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.