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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Chainlink rallied a bit on Wednesday heading into the FOMC announcement, gaining over 8%.
DOT/USD has been able to create a slight reversal higher the last day of trading, but it remains within sight of important support levels which may fuel nervous sentiment.
SHIB/USD has recovered from its lowest values displayed early this weekend, and continues to attract speculators who crave its volatility and ability to deliver results.
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The Monero market fell ever so slightly on Tuesday as we have started to see signs of life yet again.
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The Ethereum market fell a bit on Tuesday but turned around to show signs of life again.
ADA/USD has broken through critical support levels and is testing values not demonstrated since February of 2021.
DOGE/USD speculators are being confronted by long-term technical charts which show the cryptocurrency is confronting lower values not seen since April 2021.
Dash fell rather hard over the last couple of sessions, and on Monday managed to plunge below the $100 level.
The Ethereum markets fell yet again on Monday, crashing through the $2500 level.
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SOL/USD is trading at an important long-term low as of this morning as it suddenly finds its price near values seen in August of 2021.
XRP/USD has struggled the past week, and over the weekend touched dangerous lows, so speculators now have to consider risk reward scenarios.
Ethereum has broken major support in the form of the $30,000 level, as Bitcoin got crushed as well.
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Sign up to get the latest market updates and free signals directly to your inbox.Polkadot broke lower on Friday as we continue to see anything risk related get absolutely hammered.
Litecoin has rallied a bit during the trading session on Thursday as we continue to hang about the $140 level.
Solana has bounced during the trading session on Thursday to recapture the $141 level, gaining almost 4%.