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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SOL/USD has built an incremental climb higher and values are approaching critical resistance levels, which if challenged could spark speculative buying.
SHIB/USD is near short term highs, and though it has seen a slight reversal lower the cryptocurrency maintains a solid stance and may be ready to ignite higher.
The Litecoin market had a back-and-forth session on Wednesday as we are sitting at the 50-day EMA.
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Ethereum went back and forth on Wednesday as we are dancing around the $3000 level.
DOGE/USD curiously has displayed a rather consolidated price range the past week of trading, and this will prove an intriguing speculative decision for speculators.
ADA/USD came within sight of one month highs in late trading yesterday, but since then has reversed slight lower and offering speculative opportunities.
The Terra Luna market pulled back a bit on Tuesday as the $95 level has offered a little bit of resistance.
Ethereum rallied again on Tuesday to reach the $3000 level.
BNB/USD is showing signs of speculative buying, and in early trading today broke through the 400.0000 juncture and has shown the ability to sustain price.
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Ethereum pulled back just a bit on Monday to retest the downtrend line that I have drawn from the descending triangle.
Litecoin rallied a bit against the US dollar but pulled back at the 50-day EMA to form a shooting star on Monday.
AVAX/USD is producing an intriguing upwards trend the past nine days of trading, and as of this morning is approaching important resistance again.
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The weekend provided plenty of price action in XRP/USD, as the cryptocurrency hit prices tested early last week then moved lower, but has kept its higher price range alive.
The Ethereum market rallied on Friday to reach the 50-day EMA, a technical indicator that a lot of people will be paying close attention to.
Monero rallied a bit on Thursday to reach the $192.50 level.