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Ethereum price has been in a consolidation mode in the past few days as investors reflect on last week’s crash of Terra and the extremely hawkish statement by Jerome Powell.
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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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Cardano price has been in a spectacular sell-off as concerns about the crypto industry continues.
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Neo has done nothing for the last several days, and it does not look as if it has any real hope of recovering for a longer-term move.
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Ripple has done almost nothing on Tuesday as we continue to see crypto markets do nothing as well.
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SOL/USD is within sight of highs recently made, but the incremental gains attained by Solana remain under the shadow of speculative unease.
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Unlike most of the crypto market, Monero took off to the upside on Monday, gaining 15%.
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The Ethereum market initially tried to rally on Monday, but then gave back the gains to form a less-than-impressive candlestick.
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Litecoin has rallied a bit during the trading session on Friday to break above the top of the hammer from the previous session.
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The Ethereum market has rallied a bit during the trading session on Friday, breaking above the top of the hammer from the previous session.
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AVAX/USD is trading within the lower part of its long term range, but unlike many of its major counterparts Avalanche has not slumped to lower values that it traded in July of 2021.
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As of this writing Dogecoin is trading below 9 cents per coin.
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Monero has broken down rather significantly during the trading session on Thursday to reach all the way down to the $120 level.
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Neo has fallen slightly during the trading session on Thursday as we continue to see crypto get hammered.
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BNB/USD is suffering a loss of value like many of its major counterparts, and its current ‘support’ levels should be considered carefully.
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ADA/USD has seen its value nosedive like other major cryptocurrencies in the past handful of days, and speculators who are wagering should remain cautious.
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