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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Cardano has done very little over the last couple of weeks, as it has been hanging out just above the $0.45 level.
Polygon had a relatively bullish session on Wednesday, breaking above the $0.46 level.
DOGE/USD slumped slightly below the 5 cents level on Saturday during the widespread panic engulfing the broad cryptocurrency slump; and its rebound since then is now in question.
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Ripple initially showed signs of life Tuesday but did very little in the way of momentum.
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Ethereum markets initially tried to rally on Tuesday but gave back gains near the $1200 level as we continue to see a lot of negativity in the crypto market.
Fantom continues to look stagnant at best, as it hangs just above the $0.25 level, and seemingly has nowhere to be.
Dogecoin is now hovering just above $0.05, and therefore it’s likely that we are eventually going back to even lower levels.
BNB/USD has been able to produce a solid move higher in the past two days
Speculators can double check current prices to monitor the movement Ethereum has demonstrated compared to this article as a way to judge momentum within ETH/USD.
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A fall in value early this weekend to new long term depths did put AVAX/USD under 14.0000 briefly, a slight reversal higher has occurred but lows remain in sight.
SHIB/USD bounced to short-term highs on Sunday and early this morning, but its move higher has shown signs of a lower trajectory in the past couple of hours.
Ethereum markets did almost nothing on Friday as we continue to see malaise in this market.
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Litecoin continues to look vulnerable, although we did gain a minuscule amount Friday.
The Solana market has pulled back a bit during the trading session on Thursday as we continue to see the market drift lower overall.
Vechain has fallen a bit during the trading session on Thursday as we continue to see crypto markets take a punch to the face.