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 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.
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.
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The XRP price has been under intense pressure in the past few months as concerns about a hawkish Federal Reserve remain.
The Solana (SOL/USD) price sell-off continued during the weekend as concerns about the Fed remained.
The Cardano price has been in a strong bearish trend in the past few months.
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Ethereum markets dipped ever so slightly on Wednesday but continued to find buyers on dips.
SHIB/USD remains within a bearish stance, and the speculative asset is within sight of important support which may be causing speculative nervousness to grow.