In our “Altcoins” section, we cover news, updates, and market trends related to alternative cryptocurrencies beyond Bitcoin. Here you will find information about popular altcoins, new blockchain projects, and the technologies driving the altcoin ecosystem. Read the “Altcoins” section on ForkNews to stay updated on the latest developments across the crypto market.
Over the past week, the community has been actively discussing the loss of market capitalization by the Tron token and its shift to 12th position in the top cryptocurrencies. The token's founder, Justin Sun, stated that it will take at least six months to return the token to the top ten. The token is currently ranked eleventh according to Coinmarketcap and is trading at $0.02255 at the time of writing.
The possibility of a Bitcoin Cash hard fork is becoming more and more likely; the developers have planned to implement a “pre-consensus” protocol on November 15th.
In the latest report released, financial rating agency Weiss Ratings highlighted four tokens that deserve a rating of “D” (weak) or lower. This is a selection of 48 cryptocurrencies that earned a low rating, out of a total of 111 cryptoassets evaluated.
In a recent interview, Changpeng Zhao shared his vision for the future of Binance Coin (BNB). In his opinion, the token issued by the world's largest exchange has every chance to compete with fiat currencies and become a payment token for daily use.
According to the official Litecoin post on Medium, the cost of fees on the Litecoin network will drop tenfold in the next version 0.17. In the future, the average fee on the network will be Ł0.0001 per kilobyte, not Ł0.001 per kilobyte - at the current rate of $0.005, not $0.05.
Monero (XMR), the most widely used and popular anonymous cryptocurrency, has completed one of its biannual hard forks. New developments include features that reduce the cost of transaction fees by more than 90%.
One of the central pillars of cryptocurrencies in general is that the system was initially decentralized, without giving a single point of control and control from the outside. However, new research by the blockchain company CryptoCompare has shown that most of the assets in the ecosystem today are controlled by large players.
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