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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DOGE/USD slid towards important mid-term support yesterday with a quick dose of downward momentum.
Critical mid-term resistance is clearly within sight for XRP/USD technical traders this morning as the broad cryptocurrency market remains stable.
Cardano has taken a rather calm turn the past handful of days as it remains within the loftier realms of its range and beckons traders.
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ETH/USD has broken higher and is challenging values it has not traversed since the middle of May, and speculators may be dreaming about larger values.
Cardano has surged higher since the 19th of August and its ability to stay near its record all-time values may entice more speculation.
SafeMoon continues to grab the attention of cryptocurrency speculators as concerns regarding the ‘safety’ of its wagering capabilities storms to new heights.
Speculators wagering on SafeMoon should take an extra cautious approach with the cryptocurrency short term as reports and rumors regarding ‘problems’ unfurl.
Ethereum has produced another solid short-term trading cycle, approaching highs yesterday while remaining in sight of important resistance.
XRP/USD outperformed expectations in August as it achieved a high of nearly 1.35000 on the 15th after trading near a low slightly below 70 cents when the month started.
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ETH/USD remains within the top tier of its mid-term range as it hovers below important resistance levels which attained a high on the 23rd of August.
DOGE/USD will enter September with speculative questions abounding for speculators after achieving highs in the middle of August.
SHIB/USD has suffered a price slump the past handful of days, but what may entice speculators of the Shiba Inu coin is that it continues to correlate to the broad cryptocurrency market.
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DOT/USD has stumbled slightly from its mid-term highs and is traversing near the important 25.0000 ratio as of this writing.
Ethereum has produced astonishing consolidated and tranquil trading results the past handful of days and this may attract speculators.