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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ADA/USD has seen a flurry of price action this week like all the major cryptocurrencies, but after hitting short term lows yesterday Cardano has sparked slightly higher.
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ETH/USD is still within sight of its lowest short-term depths, but the cryptocurrency has been able to display speculative reversals higher which have created choppy conditions.
Helium fell a bit on Wednesday as we continue to see it bounce around the $9.00 level.
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Elrond had a slightly negative trading session on Wednesday as we continue to see the crypto markets fall apart.
In yesterday’s trading SOL/USD tested long term price levels not sincerely tested since April of 2021, a slight reversal higher that took Solana to a short term high of nearly 30.0000.
XRP/USD has sunk to depths not seen since January of 2021 as it hovers near the 30 cents ratio in early trading this morning.
Cardano tried to rally a bit on Tuesday but gave back quite a bit of the gain.
Ethereum went back and forth on Tuesday as we are trying to catch a breath after a major selloff.
Unless you have crawled out of a cave this morning and have had no mobile telephone internet service, you likely know that ETH/USD has produced a rather disruptive and downward couple of days as its value has sunk.
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BNB/USD briefly touched the 203.0000 price level a handful of hours ago.
EOS has broken down below the $1.00 level, and it does suggest that the market is ready to go much lower.
Ripple has continued to nosedive as does the rest of crypto and now looks very likely to reach the $0.20 level based upon previous support.
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DOGE/USD is trading below 6 cents as of this writing, and its decline in value continues to display a nearly one way direction.
ETH/USD did not sell off politely this weekend, it dove through support levels quickly and Ethereum is challenging all traders.
Polygon has rallied a bit during the trading session on Thursday, as we continue to hang around the $0.60 region.