Crypto market stabilized after 25 billion growth

This week, the volume of the crypto market has increased by more than 25 billion dollars. The price charts signaled a strong impetus for the growth of the major crypto-currencies. Investor – billionaire Mike Novogratz predicts $ 6,800 as the primary resistance level that Bitcoin will test shortly.The volume of the dominant cryptocurrency increased during the last week from 3.3 to 5.8 billion dollars. In the short term, BTC may jump over $6,800.

Masayuki Tashiro, a well-known Japanese market analyst, also views the future growth of the main cryptocurrency. Tashiro said that positive legislative changes in June in South Korea and Japan should stimulate a bullish trend.

The record holder of the previous week was Ripple. Its weekly growth was more than 113%. Also, Ripple (XRP) outperformed Ethereum and became the second largest cryptocurrency by the market capitalization.

For the first time, it was ranked as number 2 after BTC on December 29, 2017. Ultimately Ethereum regained its position. According to the CoinMarketCap on September 21, 2018, the total market capitalization of XRP amounted to 23.9 billion, which exceeded the ETH of 400 thousand dollars.

The likely reason for such rapid growth is the announcement about releases of commercial applications based on the XRP blockchain in the coming months. Sagar Sarbhay, the head of Ripple’s relations with the Near East, said that more than 120 banks use the xCurrent product for bank payments. Also on Wednesday, the project was announced to be partnered with the ninth-largest US bank PNC. However, this does not guarantee a further bullish trend on the coin chart given the current market conditions.

Below you can find several coins that have significantly increased in price last week:

  • + 72.82% Global Currencz Reserve (GCR)
  • + 46.97% Power Ledger (POWR)
  • + 41.56% Electroneum (ETN)
  • + 41.45% Eternal Token (XET)
  • + 33.90% MonaCoin (MONA)
  • + 30.47% Cardano (ADA)

On September 22, the crypto market demonstrated the standard correction. Trading strategies of the Bittrade team made it possible not only to recognize a strong growth momentum but also to find points for entering and exiting the trades. We collected our perennial experience in the educational course, which contains the necessary knowledge for successful trading on the crypto market.
During the training, Bittrade speakers also pay attention to the security of storing crypto assets. After completing the course, we provide the necessary support to our students. All participants get access to a closed chat, in which the Bittrade speakers answer the questions of interest, share news and predictions. After completing the course, you receive a certificate attested by the blockchain through the service of proof of existence.

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