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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Important mid-term support levels are being tested after the latest selloff within BNB/USD and nervous speculators may be growing more anxious.
ETH/USD has seen an increase in volatility the past week and over the weekend displayed rather fragile support levels again as nervousness remains.
XRP/USD has correlated with its major cryptocurrency counterparts and experienced a sustained bearish trend, while hitting new mid-term lows yesterday.
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DOGE/USD is traversing slightly above 21 cents as of this morning, but has seen another wave of nervous sentiment create an incremental bearish trend.
ETH/USD skidded to short-term lows late last night and is traversing a range which may make bullish speculators more nervous.
UNI/USD has experienced a wave of choppy trading short term and is currently near important resistance levels.
DOT/USD continues to be a speculative magnet in the cryptocurrency world and in very early trading yesterday an all-time high of nearly 38.0000 was achieved.
Cardano has faced strong headwinds the past handful of days as ADA/USD is hovering near important mid-term support ratios.
As of this writing, ETH/USD is trading slightly below the 3300.00 level which may be viewed as a rather nervous intersection for the cryptocurrency near term.
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DOT/USD fell from a high which was within sight of the 36.0000 mark yesterday, to a sudden lightning quick low of nearly 22.0000.
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.
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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.