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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Litecoin rallied a bit against the US dollar but pulled back at the 50-day EMA to form a shooting star on Monday.
AVAX/USD is producing an intriguing upwards trend the past nine days of trading, and as of this morning is approaching important resistance again.
The weekend provided plenty of price action in XRP/USD, as the cryptocurrency hit prices tested early last week then moved lower, but has kept its higher price range alive.
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The Ethereum market rallied on Friday to reach the 50-day EMA, a technical indicator that a lot of people will be paying close attention to.
Monero rallied a bit on Thursday to reach the $192.50 level.
Litecoin has rallied ever so slightly during the trading session on Thursday to show signs of life again, but not so much in the way of momentum.
Ethereum has rallied a bit during the trading session on Thursday to reach a minor downtrend line.
SHIB/USD traded towards important resistance in late trading yesterday only to be pushed back downwards.
Ethereum has rallied a bit to kick off the trading session on Wednesday, but I do not see a lot of momentum, nor do I see a lot of volume in this market.
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Monero has rallied a bit during the trading session on Wednesday as we are dancing around the $190 level.
LUNA/USD has moved slightly lower in late trading last night and early today, but Terra continues to maintain sights on all-time record values.
ADA/USD remains within the lower depths of its long-term charts as the cryptocurrency finds it difficult to break through meaningful resistance.
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Solana went sideways over the last week or so, but it is worth noting that we are sitting just above the $80 level, which is an area where we have seen support more than once.
ETH/USD is facing a new onslaught of selling pressure early this morning, as it has failed to escape the clutches of downside price action.