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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BNB/USD has mirrored its major crypto counterparts with a nosedive this morning towards important support, as trading conditions have displayed nervousness.
Cardano tried to rally Tuesday but continues to drift lower as crypto is being manhandled lately.
Ripple struggled again on Tuesday, losing over 4%.
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ADA/USD has stumbled again and is within sight of important lower depths, as nervous sentiment in the broad cryptocurrency market remains evident.
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ETH/USD has produced a rather consolidated range the past handful of days, but the value of Ethereum has edged lower in recent trading.
Solana tried to rally early on Monday but pulled back as we continue to see this market drift lower.
Ethereum did very little on Monday as it looks like the $1250 level is going to continue to offer a little bit of the barrier.
XRP/USD has come off of highs in the past day of trading, and the cryptocurrency also remains locked within a rather suspicious and seemingly nervous price range.
DOT/USD has slumped the past handful of hours, after reaching a high water mark of nearly 8.4750 in early trading on Sunday.
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The Ethereum market rallied nicely on Friday to show signs of life, as we have broken above the $1200 level.
EOS had a very slow day on Friday as cryptocurrency in general continues to be a bit of a wasteland.
Avalanche rallied a bit during the day on Thursday, as we are above the $17 level again.
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The Shiba Inu coin has rallied about 3% during the training session on Thursday as we continue to see the market try to lift itself up off of its back.
SOL/USD is trading near short-term highs in early trading this morning, and the ability of Solana to produce rather quick results on speculative wagers can prove enticing.
ETH/USD continues to traverse in a rather tight price range early this morning, giving speculators a chance to test their short term outlooks.