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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SOL/USD created fresh short term lows on Saturday, as Solana has largely mirrored nervous sentiment being generated in the broad cryptocurrency marketplace.
ADA/USD has taken a turn for the worse regarding its value, as it has broken through long-term lows and is challenging values not seen in one year’s time.
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Ethereum initially tried to rally during the trading session on Friday but turned around to show signs of weakness.
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Ripple did very little during the trading session on Friday as we continue to see the $0.75 level offering support.
The Ethereum market has fallen rather hard during the trading session on Thursday, as we continue to see a lot of “risk off” behavior around the world.
Monero has gotten hammered during the trading session on Thursday right along with the rest of crypto as risk assets across-the-board were sold off.
MATIC/USD has climbed higher over the past couple of days, and has maintained a stronger short term price range which could ignite bullish speculation.
SHIB/USD has traded slightly lower in early trading today after coming off short-term highs, and intriguingly, Shiba Inu looks technically opportunistic.
Stellar had a slightly positive session on Wednesday, but nothing that I would write home about.
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Ethereum rallied a bit early on Wednesday, only to turn around and give up all the gains as the 200-day EMA continues to be a technical issue for the market.
DOGE/USD is within the grasp of a middling value within its short-term price range, and traders are faced with a dynamic speculative decision.
ETH/USD has been able to demonstrate a reversal higher after testing short-term lows early this week, and traders may be growing intrigued and optimistic.
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Sign up to get the latest market updates and free signals directly to your inbox.The Solana market rallied a bit on Tuesday as we have seen a little bit of “risk on behavior” overall.
Litecoin rallied a bit on Tuesday as the $120 level has offered support.
AVAX/USD has bounced higher in the past half day after stumbling around significant short term support which proved durable.