The rise in the cryptocurrency market did not last long, the main cryptocurrency crashing again

The rise in the cryptocurrency market did not last long, the main cryptocurrency crashing again

Today, the cryptocurrency market demonstrates the fall in most of top 20 coin, according to CoinMarketCap.

But the total market capitalization remains at the level of 692 billion dollars and this figure is better than the minimum was registered on 11 Jan at 630 billion.

Ripple (XRP), which grew by 18 percent more January 12, showed a 10 percent drop in the last 24 hours.

See also Forecast the price of Ripple to 2018 (updated version)

XRP significantly increased in price after 11 January, the company announced a partnership with MoneyGram, but after that, the price of RIpple fell consistently. Perhaps the reason was the explanation from MoneyGram that they plan to use allcoin only for the pilot program:

IOTA has experienced a similar decline in early December, after it became clear that Microsoft officially is not their partner, as stated in the blog Aldona.

Altcoins Cardano and Tron fell by about 13% and 17% respectively during the last 24 hours. The price of Cardano is about 0,76 dollars, and Tron – is about 0.92.

The record for falling prices is Aldon RaiBlocks, which fell by 16 percent within 24 hours and, at the time of publication of the article, trading at 21.19 USD. RaiBlocks was also one of the two coins, which recorded a fall on January 12, when the rest of the cryptocurrency grew.

Drop RaiBlocks due to the vulnerability found in the coin purse, which, by the way, is disabled.

And what currency grow?

Ethereum Classic (ETC) showed the greatest growth in 24 hours – about 17 percent. At the time of publication of the article the price is 44,32 USD. This increase is most likely caused by an interview with Michael Sonenshein, Director of investment Fund of the Grayscale (the Foundation is working with the BTC and ETC), which he gave to CNBC in which he talked about the future investment in the digital currency, in particular in the ETC.

Neo also showed a slight increase of almost three percent within 24 hours. Bitcoin and Gold increased slightly by 0.37 percent over the last day.

Bitcoin fell by seven percent within 24 hours and is trading at approximately 13.474,70 U.S. dollar, which is still above the recent low of 22 December (12.850 dollars).

Let's Disqus