The cryptocurrency market has added $ 15 billion in the last 24 hours, with tokens like Dogecoin, EOS, Aurumcoin and others that have recorded huge gains in the last hours.
Despite the increase in total capitalization, trading volume slipped slightly, dropping below $ 13 billion.
Bitcoin price analysis
Bitcoin has increased by 1% in the last 24 hours. The main cryptocurrency was trading at $ 6,970 yesterday, but has now increased to $ 7,076. The increase comes when the larger market registers a huge gain.
Satis Group predicted that the price of BTC will reach $ 96,000 by 2023 and estimates that the cryptography market will reach a market capitalization of $ 3.6 billion within the year.
Despite the price increase, daily trading volume has fallen from $ 4.5 billion to $ 4.5 billion
Over the past five days, Bitcoin has earned 5 , 3% against US dollars. The BTC was trading at $ 6,699 five days ago, but has since rose to trade at $ 7,076, with a maximum of $ 7,125 tested during the week.
Price Analysis of Ethereum
Ethereum followed the Bitcoin in trading in the green zone. The cryptocurrency was trading at $ 281 yesterday, but increased by 2.5% until now traded at $ 286 per ether. The developers of Ethereum have decided to cut the 33% block reward in their next hardfork within the next month.
Similar to Bitcoin, the daily trading volume of Ethereum has declined despite a price increase. The 24-hour trading volume at ETH now stands at $ 1.3 billion, down from $ 1.5 billion yesterday
Against US dollars, Ethereum has gained almost 5% in the last five days. It was trading at $ 274 a few days ago, but has since increased, with a maximum of $ 295 during the week. Against BTC, ETH lost less than one percent in the last five days.
Analysis of the prices of undulations
The XRP has increased by almost 3% in the last 24 hours. The cross-border payment cryptocurrency was trading yesterday at $ 0.33, but has now risen to $ 0.34 per currency.
The increase comes despite the ICO consulting firm saying that the cryptocurrency will drop to $ 0.01 over the next five years.
XRP followed the trend, with its 24-hour trading volume declining despite a price increase. The daily trading volume of Ripple was $ 234 million, but has now risen to $ 220 million.
In the last five days, XRP has gained almost 6% against the greenback. It was trading at $ 0.32 five days ago, but now trades at $ 0.34, with a peak of $ 0.35 experienced during the week.
Against Bitcoin, however, EOS is down 0.04% in the last five days.
EOS Price Analysis
For the second consecutive day, EOS recorded the highest gain among the major cryptocurrencies. The intelligent contract and the DApp cryptocurrency have increased by 8% in the last 24 hours and are now trading at $ 6.66 per currency.
Unlike the others, the daily trading volume of EOS increased in parallel with the price. The 24-hour trade volume for cryptocurrency yesterday was 764 million dollars, but rose to 924 million dollars.
Against US dollars, EOS has seen an incredible 35% increase over the last five days. He was trading at $ 4.9 five days ago, but has embarked on a run that now sees $ 6,6 per coin. Against BTC, it has increased by 28% in the last days.
Litecoin price analysis
Litecoin was the second best performing cryptocurrency after EOS among the major cryptocurrencies. The seventh largest cryptocurrency gained nearly 6% in the last hours, rising from $ 60 to yesterday to $ 64.
Daily trading volume has also increased in the last 24 hours from $ 209 million to $ 289 million today .
LTC has increased by 13% over the last five days compared to US dollars. It was trading at $ 57 five days ago, but has since been on the rise. Meanwhile, against Bitcoin has increased by 7.4% in the last five days.