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 has rallied a bit during the trading session on Thursday to reach a minor downtrend line.
SHIB/USD traded towards important resistance in late trading yesterday only to be pushed back downwards.
Ethereum has rallied a bit to kick off the trading session on Wednesday, but I do not see a lot of momentum, nor do I see a lot of volume in this market.
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Monero has rallied a bit during the trading session on Wednesday as we are dancing around the $190 level.
LUNA/USD has moved slightly lower in late trading last night and early today, but Terra continues to maintain sights on all-time record values.
ADA/USD remains within the lower depths of its long-term charts as the cryptocurrency finds it difficult to break through meaningful resistance.
The Ethereum market rallied ever so slightly on Tuesday as we continue to respect the $2500 level.
Solana went sideways over the last week or so, but it is worth noting that we are sitting just above the $80 level, which is an area where we have seen support more than once.
ETH/USD is facing a new onslaught of selling pressure early this morning, as it has failed to escape the clutches of downside price action.
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Litecoin initially tried to rally on Monday but then gave back the gains to show signs of hesitation.
Neo fell again on Monday to kick off the week on the wrong foot.
BNB/USD remains under pressure in the short term as the cryptocurrency reacts to nervousness being displayed across the broad digital asset market.
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Dogecoin finds itself traversing important support levels this morning after a quick spike upwards in late trading yesterday proved to be short-lived.
The Ethereum market rallied initially on Friday but gave back the gains to show somewhat weak price action.
The market for Stellar Lumens has been rather weak for a while, and these last couple of days have not been any different.