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In the last 24 hours, Bitcoin Cash has managed to recover 25% gains. The situation is similar throughout the crypto market. The price of Ripple (XRP), Ethereum, IOTA and almost all Altcoins can also benefit from expansion. Capital flows again.
Is it already Christmas? A look at the price pages makes you breathe a sigh of relief: capital seems to flow back into the cryptographic market. An overview of the biggest gains in the first 20.
What could be behind this mini rally?
"The increase in the value of cryptoasset in the last 24 hours has many doubts if the market is experiencing a Santa Rally.The truth is encrypted because a concept is still relatively new and we do not yet have enough data to prove if it is a December trend, "said Mati Greenspan, senior analyst at eToro online trading platform, in a statement to L & # 39; Independent.
"What we do know is that the price increase is a strong market drive for the market, which is encouraging and could end up creating a fund for this battered market and perhaps even an uptrend until 2019. "
A round so positive about this relatively minor market movement is not shared by everyone in the cryptocurrency sector, however, some say investors should look to 2019 rather than hope for any kind of Christmas miracle.
"With the festive break coming quickly, those looking for some comfort from the crypto-market or the broader macroeconomic news should probably give up eating too much, family matters and start all over again," said David Thomas, director and co-founder of the cryptocurrency exchange based on Mayfair, GlobalBlock.
"Along with the ongoing Brexit saga and the Donald J Trump show, the crypto markets continue to flatter the value with the total capitalization of the scrambles threatening to break down the $ 100bn level … Perhaps the only crumb of comfort from take from the whole situation is that a recent study showed that ID-verified encryption users doubled in the first three quarters of 2018 from 18 to 35 million users, suggesting perhaps that despite the price adjustment, the 39; adoption is slowly recovering. "
The waves increase: 35% up
Currently Waves is in 19th place among the crypto currencies with the largest market capitalization. In the last 24 hours, the price of the waves has gained a whopping 35 percent. The Waves token is currently 3.46 US dollars.
Bitcoin cash leaves Satoshi's vision behind
Even Bitcoin Cash can ride the green wave. With a total of 25 percent, the winner of the last Hard Fork is currently 113 US dollars and sixth. Satoshi's vision could "only" increase by 5.8 percent and is currently in ninth place. The BSV price is trading at 84 US dollars.
IOTA price: 13% more
With a total of 13 percent, even the token for the Internet of Things has recovered. The IOTA rate is currently 0.28 US dollars. It is thus increased by a total of 13 percent. The IOTA is in the twelfth place among the cryptocurrencies with the largest market capitalization.
Tron is going well
The TRX course was also able to gain momentum again. With a total increase of ten percent, the TRON price stands at just under 0.0157 US dollars. TRON currently occupies 10th place among the crypto currencies.
Stratis up 59%
Another platform on the market and one of the oldest projects on the market, Stratis has seen impressive price growth in the last 24 hours. Stratis is now 59% more expensive per coin than yesterday.
Monero: almost ten percent profit
Monero's Monet has been able to record price growth of almost ten percent in the last 24 hours. The XMR rate is currently at 45 US dollars.
Ripple: XRP rate at $ 0.36 US
The price of ripple and the XRP token also saw some changes. While the Ripple community successfully dismantled Western Union's money transfer service provider on Twitter on December 18th, the price of XRP continued to rise. At 9%, the number two after Bitcoin rose to a total of 0.36 US dollars per token.
The market leader can also earn points
Naturally, the price of BTC has also increased in the last 24 hours. At 5.86%, it is currently at $ 3,740. It almost seems that the formation of the long-awaited fund has finally been reached.
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The writers and authors of CapitanAltcoin may or may not have a personal interest in any of the projects and activities mentioned. None of the contents on CaptainAltcoin is an investment advice, nor does it replace the advice of a certified financial planner.
The opinions expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com
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