The past week was outstanding for the cryptocurrency market. Its total capitalization has crossed the $ 900 billion mark and is very close to the $ 1 trillion mark. The value of Bitcoin and Ethereum has shown impressive growth rates, while Ripple has lost its place in the top 5 cryptocurrencies
Bitcoin (BTC).
Experts believe that the main driver of growth to this level is the possibility of becoming a real alternative to gold. The bank’s analysts emphasized that this will require achieving synchronization of volatility between digital and traditional gold, as well as the widespread adoption of digital assets by the millennial generation.
The value of digital gold reached a whopping $ 33,463. The growth, which over the past seven-day period of time was demonstrated by the price of Bitcoin (BTC), amounted to 25.69%. The market capitalization of the “first cryptocurrency” at the same time rose by $ 127.7 billion and amounted to $ 622.5 billion. The share of the “first cryptocurrency” in the total market capitalization btc to nrg decreased by 0.8 percentage points and at the end of the last reporting period was 68.5%.
Ethereum (ETH)
The past week was positive for digital oil, which managed to grow by almost 50%. It should be noted that, in percentage terms, the second-largest cryptocurrency in terms of capitalization showed more growth over the year than Bitcoin. I think this is another asset that people should look out for if they are looking for something interesting to enter the cryptocurrency industry,” said Kraken CEO Jesse Powell.
Ripple (XRP)
Ripple’s troubles over the US Securities Commission (SEC) lawsuit continued over the past week. The company’s partners continue to refuse to use the XRP token, and almost all cryptocurrency exchanges restrict trading in “bank cryptocurrency”. The loss of more than 50% of the value a week earlier and the missed opportunity to join the rapid growth of the market played a cruel joke with Ripple, moving the asset from its traditionally occupied third place to fourth. the value of Ripple (XRP) was $ 0.226. The cost of “banking cryptocurrency” over the past seven days has decreased by 1.74%. The share of Ripple (XRP), the cryptocurrency that recently pushed Ethereum from second place.
Bitcoin SV (Bitcoin SV)
Bitcoin SV is a Bitcoin Cash hard fork that took place on November 15, 2018. The coin strives to retain the whole essence of the original Bitcoin in itself. The Bitcoin SV project was created at the request of Antiguan-based Coingeek Mining (they also sponsored), and the development was initiated by nChain. As soon as the hard fork was announced, Bitcoin ABC and Bitcoin SV supported major cryptocurrency exchanges. BCH SV tokens can be purchased on crypto exchanges:
- Binance,
- Upbit,
- Gate.io,
- Poloniex, etc.
Nav Coin is the first cryptocurrency to be completely anonymous. There are many partially anonymous coins, Nav coin differs in that its encryption software completely decouples and scatters the transaction data, even removing it from the IP address. The anonymous system is built on the famous Bitcoin blockchain technology and uses a sub-chain to process anonymous transactions.
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