Cryptocurrency Investing 2018, Market is on the rise again!
The cryptocurrency markets are on the rise today, Jan. 12, with almost 20 major currencies appearing in green at CoinMarketCap, with the highest gain at the time of release at around 37 percent.
The market was in the red on January 11, with a market capitalization loss of nearly $ 100 billion over a three-day period. The January 11 case reduced the total capitalization of all cryptocurrencies to approximately $ 630 million. Total market capitalization recovers to approximately $ 720 million at the time of release.
Ripple (XRP), the second most valuable Altcoin on the market, has grown almost 18 percent at the time of release in the last 24 hours. The Altcoin suffered a price decline yesterday, partly due to false information that South Korea has banned the commercialization of encryption in the country where Ripple is being sold in large quantities.
The decision of CoinMarketCap on January 8 to cancel several South Korean stock exchanges due to “price deviations” from their price calculations, in particular, caused Ripple’s average price to fall suddenly. The late announcement of the decision by CoinMarketCap would also have triggered panic sales, which reinforced the decline.
Since the announcement of Ripple’s partnership with MoneyGram, a fixed payment transfer service, on January 11, the currency has recovered to trade at an average pressure of $ 2.07.
Altcoin Stellar, who ranks eighth in the CoinMarketCap, has grown 33.34% in 24 hours and will sell for around $ 0.67 at the end of the issue. The price increase is likely due to a segment of CNBC on Jan. 11, where Bitcoin investor Brian Kelly predicted that Stellar will be the next currency he will buy after the success of Ripple’s deal with Moneygram.
Altcoin EOS, in tenth place at CoinMarketCap, posted the highest 24-hour earnings in the top 20 currencies with nearly 37% growth. Altcoin’s performance appears to respond to the exaggerations of a January 11 tweet stating a secret announcement to be made on January 12 in Seoul, South Korea.
EOS is currently trading at an average $ 14.40.
The only two currencies among the 20 that are in red are ICON, with a loss of 2.93%, currently selling at $ 9.45, and Raiblock, down 4.06%, selling at 25.49 $ when closing.
Bitcoin (BTC) grew moderately by 3.53%, trading at an average of $ 14,123.10 at the time of release. The currency continues to fall from its high of $ 20,000 in December and has fluctuated between $ 14 and $ 15,000 since the stock market crash on December 22, while the BTC fell to $ 12,850.