Right before the weekend, the crypto market seems to stabilize as many currencies have turned green over the past day. Things are looking good after the rumors that the market cap is going down – and we can see it bouncing back even quicker than many of us thought.
With almost all of the top 20 coins on CoinMarketCap going in the green, we are facing the highest gain that reaches almost 37% in total at press time.
After days and (for some cryptocurrencies) weeks in the red, the loss of $100 billion in total market capitalization in only three day period now seems to be a bad dream only. The dip on January 11th brought the total market cap of all cryptocurrencies down to $630 billion. Now, the market cap is recovering and climbing to around $720 billion at press time.
Some of the biggest gains were recorded for Ripple. The cryptocurrency is showing almost 18% growth over the past 24 hours. After the price dip and some of the false reports that South Korea banned crypto trading in the country, Ripple showed the opposite and grew to $2.07 at press time.
One of the highest recorded growths this month is reserved for Stellar, which is now ranking 8th on CoinMarketCap. The coin is showing 33.34% growth over the past 24 hours and is now selling for about $0.67. Things are looking good for Stellar, especially after Ripple’s Moneygram deal success.
EOS had the most significant growth over the past 24 hours. The altcoin grew 37% in only 24 hours, proving that it is more than just a hype and currently trading at an average of $14.40.
Even though there are some small losses recorded for ICON and Raiblock, Bitcoin is sitting at a modest 3.53% growth and is trading at an average of $14,123 at press time.
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