Crypto Market Snapshot – December 18th 2018

The cryptocurrency market has seen another day of green and the total market capitalization has increased by 4.7%, reaching $ 117.8 billion. 85 of the first 100 cryptocurrencies have gained value in the last 24 hours, with 14 up 10% or more.

Among the top 10, Bitcoin Cash achieved the best result with a considerable margin. This is perhaps not too unexpected, as BCH suffered a severe blow in the last round of sales in the encrypted market. EOS and XRP were the other top 10 coins that stood out.

From a fundamentals perspective, a report published by Bloomberg states that the publication examined bank statements suggesting that Tether Ltd. has sufficient currency reserves to adjust to the USDT token current offer. Even if Tether's controversy probably persists in the future, the report may have had a positive impact on sentiment in the cryptocurrency market.

Bitcoin reached up to $ 3,680 and painted a higher maximum than the December 9th peak. The volume of trade has increased steadily from $ 3.8 to $ 4.2 billion, as the positive action on prices has attracted more players to the market. The dominance of Bitcoin has undergone a slight decline, as often happens when the maximum limit of the encrypted market grows. Now, we'll have to wait and see if BTC will make a push over $ 4,000 – Bitcoin was the last trading at that level on December 6th.

Coinbase Pro adds 4 tokens

Change of cryptocurrency in the United States Coinbase Pro added 4 new tokens: MKR, DAI, ZIL and GNT. All tokens are ERC20 tokens, although Zilliqa is working on a mainnet that will be released in January 2019. With the new mainnet, ZIL owners will have to perform a token exchange to exchange ERC20 ZIL with ZIL mainnet.

As a result of the announcement of Coinbase, the pawns (apart from the DAI, which is a stablecoin) have seen a decent bump, but now it is clear that the "Coinbase" effect on the cryptocurrency has lost much of its impact due to the new aggressive pricing strategy of Coinbase.

The big winner of the day was MonaCoin, the popular cryptocurrency in Japan that is often compared to the more famous (at least in the West) DogeCoin.

WAVES, the native token of the blockchain platform Waves, has returned to grow again and has continued the massive rally that has been happening for almost a month.