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On December 1, Bitcoin was trading at around $ 4,250, but with the current month, prices have plummeted, with the asset eventually reaching a minimum of just under $ 3200.
And then, on December 18th, magic took place. The oversold market of cryptocurrency, which had fallen below $ 100 billion in total value and which many expected to fall further, has recovered spectacularly. Over the past seven days, over $ 40 billion has been added to the total market capitalization, with the price of Bitcoin alone, which has gained over 30% in value.
Today, Bitcoin is almost $ 4,200, just a few inches from the recovery of all December losses. Looking through the wider altcoin market, things are even better – Bitcoin SV (BSV), the recent hard fork of Bitcoin Cash (BCH), has grown by 98% in the last 30 days, with Tron (TRX) growing by 70 % and Ethereum (ETH) up 20 percent. The only digital resources in the top 10 that remain down in the last month are EOS and Stellar (XLM), with respectively 15% and 22% losses.
Make WAVES
Moving away from the top 10, the WAVES trading platform was undoubtedly one of the most performing currencies this month. The decentralized exchange platform has increased by an incredible 253% since December 18, making WAVES the twentieth largest cryptocurrency in the world, with a market capitalization of $ 385 million. The price has briefly exceeded $ 4.40 last weekend, the highest level in over six months, and the WAVES / BTC trading pair accounted for almost half of all transactions on Binance.
The impressive gains can be largely attributed to the successful financing of the $ 120 million Vostok ICO, conducted within the WAVES ecosystem. Vostok aims to develop a universal commercialized solution to governments that assists the development of a scalable IT infrastructure on a private blockchain. The project plans to conduct a 3% airdrop of all VSTK (System Tokens) Vostok members of the WAVES community.
