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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DOT/USD continues to linger near important support levels, as technical traders need to decide if a higher reversal is possible or news lows will be seen.
The Ripple market initially tried to rally on Monday, but as you can see, we have simply turned around to sell off yet again.
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The Ethereum market initially tried to recover the $3000 level on Monday, but as you can see, we have rolled over again, and it looks like we are trying to drift lower.
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SOL/USD has displayed additional nervous selling the past day, which has added fuel to potential nervous speculative elements as the cryptocurrency slumps short term.
BNB/USD has turned lower the past day of trading and is edging towards support levels, which may spark additional nervous sentiment among speculators.
Ethereum fell on Friday to reach down towards the $3000 level.
Neo initially tried to rally on Friday but pulled back from the 50-day EMA again.
The Ethereum market fell initially on Thursday to reach down below the 200 day EMA, before turning around and showing signs of hesitation.
SHIB/USD continues to be the darling of purely speculative crowds in the broad cryptocurrency market, having produced wild returns again this week.
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DOGE/USD has suddenly turned consolidated and displayed rather durable resistance the past day as traders are likely looking at technical charts suspiciously.
Litecoin rallied a bit on Wednesday to reach towards the 50-day EMA.
The Ethereum market had a choppy session on Wednesday as we continue to hang around the 200 day EMA.
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ADA/USD reached a solid short-term high early yesterday, but then saw a reversal lower demonstrated which sets the table for an intriguing day ahead.
After producing another day of solid upwards momentum on Tuesday, ETH/USD ran into resistance and reversed slightly lower in the past half day of trading.
Ripple rallied rather significantly on Tuesday to slice through the 200-day EMA quite easily.