MATIC/USD has climbed higher over the past couple of days, and has maintained a stronger short term price range which could ignite bullish speculation.
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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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SHIB/USD has traded slightly lower in early trading today after coming off short-term highs, and intriguingly, Shiba Inu looks technically opportunistic.
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Stellar had a slightly positive session on Wednesday, but nothing that I would write home about.
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Ethereum rallied a bit early on Wednesday, only to turn around and give up all the gains as the 200-day EMA continues to be a technical issue for the market.
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DOGE/USD is within the grasp of a middling value within its short-term price range, and traders are faced with a dynamic speculative decision.
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ETH/USD has been able to demonstrate a reversal higher after testing short-term lows early this week, and traders may be growing intrigued and optimistic.
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The Solana market rallied a bit on Tuesday as we have seen a little bit of “risk on behavior” overall.
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Litecoin rallied a bit on Tuesday as the $120 level has offered support.
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AVAX/USD has bounced higher in the past half day after stumbling around significant short term support which proved durable.
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DOT/USD continues to linger near important support levels, as technical traders need to decide if a higher reversal is possible or news lows will be seen.
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The Ripple market initially tried to rally on Monday, but as you can see, we have simply turned around to sell off yet again.
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The Ethereum market initially tried to recover the $3000 level on Monday, but as you can see, we have rolled over again, and it looks like we are trying to drift lower.
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SOL/USD has displayed additional nervous selling the past day, which has added fuel to potential nervous speculative elements as the cryptocurrency slumps short term.
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BNB/USD has turned lower the past day of trading and is edging towards support levels, which may spark additional nervous sentiment among speculators.
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Ethereum fell on Friday to reach down towards the $3000 level.
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