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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Dogecoin saw a huge influx of volume on Friday to break much higher.
Monero has been one of the bright spots in the crypto markets, as we have seen the market gained roughly 10%, as we are now above the 50 day EMA.
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The Ethereum market has pulled back just a bit during the course of the trading session on Thursday to reach down towards the $3250 level.
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SHIB/USD has provided its speculators with a solid climb higher the past few days, but this move upwards comes after a strong stumble lower.
DOGE/USD has found short-term momentum in the past day, and its ability to climb from lows since the 10th of January may stir optimists who remain speculative bulls.
The Ethereum market rallied significantly on Wednesday to break up and away from the 200-day EMA in what is a very bullish sign.
Litecoin rallied significantly on Wednesday, gaining almost 6% at the time of writing.
XRP/USD remains locked within a difficult bearish trend which has shown few signs of relenting.
ETH/USD was able to fight higher in the past day and touched resistance above that was last seen as a legitimate value on the 8th of January.
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Polkadot has rallied significantly to break above the $25 level on Tuesday as it looks like the “risk on” attitude of the markets have come back.
AVAX/USD is trading near 86.5000 with fast changes in value as nervous trading is affecting the cryptocurrency.
ADA/USD is still being hammered within a bearish slump and its current price range is displaying values last sincerely tested in July of 2021.
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Sign up to get the latest market updates and free signals directly to your inbox.The Ethereum market has dropped again on Monday to reach down below the $3000 level before buyers came in and trying to stabilize the market.
Solana has had another negative session during the trading session on Monday, losing over 3%.
The Ethereum market got hammered again on Friday, reaching down towards the $3100 level.