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Of course, the star of the show is Bitcoin (BTC-USD). As the pioneer of the blockchain ecosystem, all cryptos look to BTC for sentiment leadership.
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With the latest surge, ETH swung past its 50 DMA, which sits at just under $1,621. However, at a time-of-writing price of $1,828, it’s modestly above the 200 DMA line, which comes in at $1,785
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Therefore, the motivation to acquire or divest USDT runs differently to that of most other cryptos. With stablecoins, the main focus centers on securing profits in the blockchain.
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Providing a small warning about not losing one’s head regarding cryptos, XRP (XRP-USD) earlier this year enjoyed a dramatic surge of value.
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While Bitcoin stole the show – as it usually does – true connoisseurs of cryptos will likely focus more on Solana (SOL-USD).
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Just to illustrate the point, even with Monday’s resurgence, ADA lost about 27% of market value in the trailing six months.
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Dogecoin (DOGE-USD) has struggled heavily since August. At the time, DOGE utterly collapsed, scaring off all but the most dedicated HODL-ers.