ZCash went back and forth on Tuesday as we continue to see crypto markets look very soft.
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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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XRP/USD is challenging long-term support levels with prices not seen since March of 2021, as broad cryptocurrency market nervousness rips through the trading landscape.
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Monero got eviscerated on Monday to show signs of extreme weakness, as the 50-day EMA has offered a bit too much in the way of resistance.
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Ethereum has lost 15%, or $400, to kick off the Monday session.
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LUNA/USD dove to long-term low values in early trading this morning, as a combination of nervousness and fundamental selling hit Terra.
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DOGE/USD has stumbled to new short term lows in early trading this morning, as nervous sentiment in the broad cryptocurrency markets picks up momentum.
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ETH/USD suffered another weekend of strong selling, and its price has shown signs of rapid lower moves as values have broken through key levels.
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Litecoin fell a bit on Friday only to turn around and show signs of support.
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Neo fell ever so slightly on Friday in relatively quiet trading.
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Ethereum has fallen during the trading session on Thursday to test the bottom of the Wednesday candlestick.
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Polkadot continues to trend lower as the market is threatening to break down through the $14 level.
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The LUNA/USD pair is trading at 85.70, which is above the important support level at 76.53, which was the lowest level in April.
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The BNB/USD coin held steady after the Federal Reserve interest rate decision.
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Monero has gone back and forth during the trading session on Wednesday as we await the FOMC statement.
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Solana has shown itself to be attracted to the $80 level underneath, an area that should be supported based on historical action.
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