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The recent uptrend in the cryptocurrency market has surprised many people, with previous comments from analysts predicting that the market will continue to tank until the third quarter of 2019. Major currencies such as XRP and Ethereum have surpassed the bullish wave for a week, with a double-digit increase that keeps constantly.
At the time of writing, XRP, the second largest cryptocurrency, increased by 13.01% with a peak of 43.2% in the last 7 days. The cryptocurrency was trading for $ 0.42 with a total market cap of $ 17.36 billion. The market capitalization of $ 1.4 billion of cryptocurrency was mainly broken down into Upbit and Bitbank, the former control of $ 216.114 million of XRP transactions while the latter had a reserve of $ 210.638 million transactions.
One of the major impulses XRP received towards the end of the year was Binance's confirmation of XRP as a base pair on the platform. Binance's CEO Changpeng Zhao tweeted:
"We will add a couple of trading pairs with XRP as a short-term quotation currency, and we will rename the ETH markets in the ALTS market, short of space on the UI.Merry Xmas!"
Vitalik Buterin was co-founder of Ethereum [ETH] it was the second largest gainer in the rankings, with a growth rate of 11.1%. ETH was trading for $ 145.56 with a total market cap of $ 15.135 billion and a 24-hour market volume of $ 3.782 billion. The majority of the trading volume of Ethereum was held by OEX which had a 4.87% share of all ETH transactions conducted. OEX was closely followed by OKEx, which controlled Ethereum transactions worth $ 180.418 million on its platform.
Ethereum has also been in the news recently when one of its other co-founders, Joseph Lubin, went ahead and defined the cryptographic fund. He said:
"I am calling the criptobottom of 2018. This fund is marked by an epic amount of fear, uncertainty and doubt on the part of our friends in the seals of the 4th and the crypto-fifth."
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