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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Ethereum has done nothing during the trading session on Thursday as we hang around the $1800 level.
AVAX/USD continues to see downward pressure and its price is lingering near the lower part of its long term value.
SHIB/USD has continued to linger near dangerous lows, and tested value yesterday which will not help speculative bullish fever suddenly emerge.
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Tron had a bullish session on Wednesday, reaching above the nine cents level.
Ethereum fell a bit on Wednesday as we continue to see the decimation of the crypto markets.
USDT/USD remains under its spoken 1.00 USD mark, and its inability to achieve this level for a while may be igniting speculative considerations.
SOL/USD has traded lower in early market action this morning, after hitting solid short term highs the last two days the cryptocurrency faces a struggle.
EOS initially fell a bit on Tuesday but found a little bit of buying pressure near the $1.30 level.
Litecoin pulled back ever so slightly on Tuesday as we try to figure out whether or not there is any real hope for the crypto markets turning around.
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BNB/USD has climbed higher in early trading this morning and is touching short term support, which will cause technical traders to test their perceptions.
ETH/USD is flirting with short-term highs as an intriguing reversal higher has formed and may stir the hearts of optimistic bullish speculators.
The Avalanche market rallied a bit on Monday, but as you can see, we have been selling off quite drastically.
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Cardano rallied a bit on Monday, stabilizing right around the $0.50 level.
DOGE/USD remains within the lower elements of its long-term trading range, and its slight fluctuations in value can produce big betting results for gamblers.
XRP/USD has come off lows seen yesterday when it traded slightly below the 38 cents level, now the 40 cents ratio is within sight as traders guess what will happen next.