The Ripple rate increased by 200% in terms of capitalization, ahead of Ethereum
Last week it turned out that the cryptocurrency market is gaining momentum. Ahead is ripple (XRP), which added almost 200% of the cost for a short time ahead of Ethereum to become the second largest cryptocurrency in the world by market capitalization. Many of the best altcoins significantly increased the cost.
However, this momentum has experienced difficulties because bitcoin is around $ 6600, Ethereum remains just above $ 220, and the ripple dropped to 0.53$, as of Friday night. Coin dropped in the middle of the week, and many of them recovered by the weekend. The exception to this rule among the best digital tokens were stellar, which was trading at around 0.25$ per key and Tether, which is pegged to the U.S. dollar.
Growth of the cryptocurrency market became possible due to changes in advertising policy. The Internet giant Google earlier banned advertising of the digital currency on its platform, but this week he partially reversed this earlier decision. In the message, Google has indicated that it will accept ads from regulated cryptocurrency exchanges starting in October. While this applies to Japan and the United States.
The company said that advertisers will be certified specifically for the country, which will be promoted via Google. Although this is not a complete policy change, however, the decision indicates the growing reality that a digital currency system created to decentralize, increasingly regulated by governments.
At the beginning of a new week the price of digital currencies grow slowly. What we have now is slow and steady market with very little volatility, which is likely to throw hordes of traders speculating cryptocurrencies in the past year, hoping to earn quick money. This kind of traders seem to leave the market and it is one of the main reasons why volatility is getting lower and lower.
Forex broker FXOpen