AVAX/USD has moved slightly higher in the last day of trading, but Avalanche remains near dangerous lows in a market that shows growing nervousness.
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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ADA/USD is lingering near unsettling support levels, and speculators who have been trying to seek a reversal higher may be growing uneasy.
The Ethereum market initially tried to rally but gave back early gains as we continue to hang about the $2800 level.
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ZCash had a very quiet session on Tuesday, but that might be exactly what was needed as we had formed a hammer on Monday, and now it looks like we are hanging about the $122 level.
SOL/USD has managed a slight reversal higher in early trading this morning, but conditions remain choppy as the cryptocurrency remains near crucial lows.
Litecoin fell a bit on Monday to pierce the $100 level.
Ripple fell rather hard on Monday to break down to as low as $0.57, before bouncing enough to form a bit of a hammer.
XRP/USD remains near important lows after touching a depth it had not traversed since January, as the price of Ripple struggles to create positive momentum.
SHIB/USD is trading near vital long-term support levels, and actually tested vital depths over the weekend which sparked a moderate reversal higher.
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Ethereum fell significantly on Friday to show further weakness.
ZCash plummeted during the trading session on Friday as we continue to see crypto underperform.
Solana has done very little during the trading session on Thursday, as has been the case for the last couple of weeks.
Litecoin has bounced a bit during the session on Thursday, as we continue to see the $100 level offer a bit of support.
LUNA/USD has demonstrated considerable volatility the past five days of trading as it has tested short term lows, erupted higher and then reversed lower again.
DOT/USD has taken another turn lower and is clearly within sight of important support levels, which speculators may consider critical inflection points.