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 is hovering over important lower support junctures and speculators should be prepared for bursts of volatility.
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ETH/USD continues to move near important support levels as speculators wonder if the mid-term slump will remain durable.
ETH/USD created a short-term high early this morning as it traded above the 2400.00 level for a moment, advancing past value attained on the 4th of July.
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XRP/USD has seen a swift selloff in the past couple of days and important mid-term support junctures have proven vulnerable.
After reaching a high of nearly 1.500000 on the 4th of July, ADA/USD has begun to experience slight selling pressure.
DOGE/USD remains within a rather tight range which continues to test the sentiment of speculators, but the cryptocurrency may be signaling more bearishness.