Bitcoin remains the most influential cryptocurrency, but over 7,000 cryptocurrencies and other digital assets exist.
Ethereum is leading what is known as Altcoins, and it is the second-largest cryptocurrency by market capitalization. Bitcoin and Ethereum both suffer from excessive network fees and scaling problems, and the third generation of cryptocurrencies is where the most significant potential emerges. They incorporate fixes to existing issues and continue to gain market share in one of the most competitive sectors. Adoption gathers pace, but global regulators pose a threat and challenge to all assets in this class. Binance Coin, owned by cryptocurrency exchange Binance, stablecoin Tether, Cardano, Polkadot, XRP, Uniswap, and Litecoin are some of the more prominent cryptocurrencies to monitor. There are dozens of other exciting projects, from privacy coin Monero to rising star Dogecoin, Tron, Cosmos, Neo, BAT, and QTUM. Rather than trying to be everything to everyone, like Bitcoin and Ethereum, third-generation cryptocurrencies address specific challenges and offer a real-world application today. The growth of decentralized apps or dApps and non-fungible tokens (NFPs) add another layer of in-demand solutions to existing issues, making crypto excluding Bitcoin an attractive but volatile sector with tremendous potential for investors and traders alike
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Ethereum was rejected at $4,500 on Friday as weak jobs data dented risk appetite, leaving $4,000 and the 50-day EMA as critical support levels.
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Ethereum dipped to test $4,300 support, with $4,000 as key downside protection, while bulls still target $5,000 if post-NFP risk appetite improves.
XRP is trading around $2.83, holding just under the $3 psychological barrier. Attempts to break higher have stalled as sellers continue to defend resistance zones.
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Ripple sits at a decisive support level near $2.70, with traders watching for either a bearish breakdown or a bullish reversal above $3.
Avalanche (AVAX) is currently trading near $24.8, holding ground after another attempt to clear the $25 region.
Ethereum hit $4,953, its highest price ever, backed by institutional inflows, strong DeFi growth, and Powell’s dovish Fed pivot, with targets up to $6,200.
Ethereum loses steam near $4,600, with buyers watching $4,200 and $4,000 support as Bitcoin’s weakness caps crypto upside in thin summer trading.
BNB price is consolidating just below yearly highs, with institutional accumulation reinforcing $850 support and resistance at $865 defining the next breakout target.
Ethereum continues to push higher after breaking $4,000, with traders eyeing $5,000 as Bitcoin struggles at $120,000, and key support zones at $4,000 and $3,400.
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Bitcoin and Ethereum surged on renewed institutional demand, Fed rate cut optimism, and strong ETF inflows, with BTC nearing record highs and ETH eyeing a breakout.
Ethereum rallied strongly on Thursday, eyeing a breakout above $4,000 as market sentiment improves and the 50-day EMA provides dynamic support.
Solana is attempting a breakout above $175 after rebounding from key support, supported by bullish technical signals and rising network activity.
Toncoin (TON) is trading around $3.50 today, rebounding sharply after consolidating between $3.10 and $3.35 for much of the past two weeks. The movement has TON testing a critical resistance band, with bulls attempting to regain control.
Ethereum remains stuck in a tight range between $3,500 and $3,800, awaiting a breakout likely dependent on Bitcoin's move above $120,000 amid low summer liquidity.
Solana (SOL) emerges as a top contender for significant price appreciation, as the cryptocurrency market buzzes with excitement, with analysts starting to see $260 as a realistic target.