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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Stellar rallied a bit on Friday as we continue to see the $0.20 level act as a magnet for price.
Dogecoin has been quiet for the last couple of weeks, as we are hanging around the $0.13 level, as the market simply is looking for some type of direction.
Chainlink has fallen ever so slightly during the trading session on Thursday, but it has recovered its losses to form a small dragonfly doji.
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LUNA/USD has struggled the past day and is again approaching important support levels as traders may be rather suspicious and more nervous about its value.
MATIC/USD continues to provide speculators with a sea of volatile trading and yesterday’s decline in value is a reminder sentiment can change quickly.
Neo initially tried to rally on Wednesday but gave back gains rather quickly as we have fallen back towards the $20 level.
The Ethereum market pulled back a bit on Wednesday after having a three-day rally to lift the market quite drastically.
SHIB/USD has made slight gains the past couple of days, but its trading has lacked a huge move higher even as incremental value has been added.
ETH/USD has been able to stage a move higher the past day of trading as it comes within sight of significant short- and long-term resistance.
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Monero was relatively quiet on Tuesday as we continue to look at the $150 level as a little bit of resistance.
Litecoin rallied just a bit on Tuesday to reach above the $114 level.
ADA/USD has displayed a reversal higher in late trading; the slight bounce upwards may attract speculators who believe the marketplace is undersold.
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Sign up to get the latest market updates and free signals directly to your inbox.SOL/USD has jumped higher in the past day with a robust amount of gains; the results may attract traders towards Solana which continues to produce strong volatility.
Ethereum markets rallied again on Monday after having a relatively stable weekend.
The stellar market continued to go sideways around the $0.20 level, something that we have been doing since last week.