An altcoin is a term used to define or refer to any non-bitcoin cryptocurrency. Nowadays, we wonder how many altcoins exist, but the precise number is impossible to estimate due to the huge amount of tokens produced regularly to finance different activities and projects.
Furthermore, blockchain organizations, which are often obliged to utilize their services, generate their cryptocurrency tokens. Also, if a platform provides value and people want to use it, they must purchase their token, which will increase the price of the asset. Let’s look at the top five Altcoins of the past 24 hours today.
Celo is an ecosystem blockchain aimed at boosting the use of cryptocurrencies among smartphone users. Thus, by utilizing public telephone lines, Celo aims to expose billions of smartphone users worldwide to bitcoin transactions, even those with no access to banks.
Moreover, the network also enables intelligent and decentralized contracts (Dapps) in the decentralized finance (DeFi).
The platform consists of two indigenous tokens. CELO is a proof of stake (PoS) token used for transaction charges, participation in governance, and related activities. Moreover, in the future, the platform intends to host several stablecoins, with one currently in operation, the Celo Dollar (CUSD).
According to CoinMarketCap, the current price of Celo today is $5.69 USD, and a trading volume of $891,352,140 USD is 24 hours. In the past 24 hours, Celo has fallen by 25.80 percent.
Arweave, a decentralized storage network aimed at providing a platform for indefinite data storage. The network mainly hosts the Permaweb – a perpetual, decentralized Internet with many community-driven apps and services.
Furthermore, the Arweave network utilizes an indigenous cryptocurrency, AR, to pay “miners” and retain information forever.
According to CoinMarketCap, today the Live Arweave price is US$66.02, with a trading volume over 24 hours of US$692,890,706. In the past 24 hours, Arweave is up 14.99 percent.
Harmony is a blockchain platform for decentralized application development and use (Dapps). The network, designed to revolutionize decentralized apps’ operation by concentrating on random state sharing that enables blocks creation in seconds.
Harmony should create cross-shard agreements and cross-chain infrastructure by the end of 2021. The mainnet of Harmony seeks to reinvent block generation to focus on processing speed and validity. By implementing the sharding method, the business substantially decreased node validation times.
According to CoinMarketCap, the live price for Harmony today is US$0.117940 for a 24-hour volume of trade of $385,579,732. Furthermore, over the past 24 hours, Harmony is up 0.16 percent.
Fantom, a smart contract-directed acyclic graph (DAG) platform that provides developers with decentralized financing (DeFi) services utilizing their specific consensus algorithms.
In conjunction with its FTM token in-house, Fantom hopes to resolve smart contract platform issues, particularly transaction speed, which developers claim they have lowered to under 2 seconds.
According to CoinMarketCap, the live price of Fantom today is US$0.738615, with a 24-hour volume of sales of US$695,676,004. Moreover, in the past 24 hours, Fantom is down 16.12 percent.
Solana is a fully functional open-source project that uses blockchain technology’s permissionless nature to offer decentralized financial (DeFi) solutions.
The Solana protocol, intended to enable the development of a decentralized app. Also, it attempts to increase scalability by establishing a proof-of-history (PoH) consensus in conjunction with the blockchain’s underlying proof-of-stake consensus (PoS). Solana appeals to both small-time and institutional traders because of its unique hybrid consensus methodology.
According to CoinMarketCap, Solana today, priced at 109.47 dollars with a volume of 24-hour trading of 7,117,230,872 dollars. Moreover, the price of SOL has risen by 2.8 percent in the past 24 hours. It has 290 million SOL coins in circulation and a total supply of 489 million.