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 has correlated well with the broad cryptocurrency market and has seen its value spike higher in recent trading.
ADA/USD produced a surge yesterday as the cryptocurrency went from around 1.450000 to 1.740000 and mid-term highs are now being tested.
SafeMoon has delivered more wild results in the past week for speculators who cherish the opportunity to pursue the volatile and new cryptocurrency.
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ETH/USD screamed to short-term highs in early trading yesterday as a weekend rally became pronounced.
ADA/USD has turned lower after testing short-term highs in early trading yesterday, support levels are clearly within sight and traders should expect more volatility.
ETH/USD has turned in a volatile performance after hitting short-term highs a few days ago, and then being confronted by headwinds which serve as bearish reminders.
SafeMoon/USD is another ‘new’ cryptocurrency coin which began trading in March and has enjoyed speculative results.
Hex coin has continued to lose buying momentum in the past week as the likely effects from a famous influencer diminishes short term.
SHIB/USD traded at highs yesterday not seen since the 26th of July, but a reversal lower in early trading today has the Shiba coin barking within its lower range again.
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Yesterday’s spike upwards by ETH/USD has been followed by rather stark reversals and traders should prepare for more volatility.
Difficult July Potentially Leads to Better August
DOGE/USD has battled off bearish ratios in the past week, but bullish traders are still being confronted by the lower price range as they decide on direction.
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Ethereum: Reversal in Trend and Questions that Need Answers
After making highs near 1.400000 earlier this week, ADA/USD is now battling important resistance as traders consider their next moves.