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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ETH/USD has demonstrated a strong reversal which gained pace over the weekend, and the cryptocurrency is trading within sight of one-month highs.
XRP/USD has created a slight reversal after falling to important lows yesterday, but the 50 cents juncture still may prove to be a bearish target.
ADA/USD traded within sight of the 1.000000 juncture yesterday, but managed to sustain its price above this key psychological ratio.
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DOGE/USD has put in a slight reversal in the past twelve hours, but it has accomplished this after testing the 16 cents level yesterday.
ADA/USD is testing lower support and has been unable to deliver a promising reversal higher that can be sustained.
ETH/USD has produced a strong leg downwards overnight and early this morning as support levels continue to appear vulnerable.
ADA/USD has slumped to short-term lows as the broad cryptocurrency market continues to battle negative headwinds.
DOGE/USD is hovering over important lower support junctures and speculators should be prepared for bursts of volatility.
ETH/USD continues to move near important support levels as speculators wonder if the mid-term slump will remain durable.
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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.
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.
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Sign up to get the latest market updates and free signals directly to your inbox.DOGE/USD remains within a rather tight range which continues to test the sentiment of speculators, but the cryptocurrency may be signaling more bearishness.