Get trading recommendations and read reviews on Hacked.com for only $ 39 a month
The market capitalization of cryptocurrency increased by $ 50 billion Wednesday, bouncing from a correction which brought it down to $ 415 billion a week. The rally raised the price of bitcoin above $ 11,000, while Ripple, Cardano, Stellar and NEO posted double-digit percentage advances.
At the present time, the market capitalization of cryptocurrency is valued at $ 551 billion, represents a one – day increase of 10% and a recovery of $ 136 billion from the low point of last week.
The Bitcoin price exceeds $ 11,000
The Bitcoin price posted a strong performance on Wednesday, up 9% to $ 11,360 on Bitfinex. This prolonged the rally that began Tuesday afternoon, immediately after the flagship cryptocurrency made a brief incursion into a territory of less than $ 10,000
At the present time, Bitcoin has a market capitalization of $ 192.4 billion, which means that it needs less than four percent to cross the $ 200 billion threshold again .
Ethereum Target Price $ 1,100
The Ethereum price also posted a strong performance, following the market index with a 10% increase to $ 1,050. Ethereum now has a market capitalization of $ 102.6 billion, which makes it almost twice as large as XRP, its closest competitor.
Ripple, Stellar and NEO Achieve Outstanding Returns
Altcoins achieved a near-universal rise against the dollar on Wednesday, and several of the top 10 cryptocurrencies managed to post double-digit percentage returns.
The Ripple XRP token rose 11 percent to $ 1.40, bringing its market capitalization to $ 53.6 billion. Gain at $ 1,654
Cardano, the fifth-largest market-cap cryptocurrency, saw its price rise by 13% to $ 0.60, while EOS fell behind the index with a return of 8%.
Stellar recorded a 10% rally among the top 10, largely because the Stripe payment processor has hinted that it could add support for XLM payments in the future. The rally allowed Stellar to move the litecoin – which only rose seven percent for the day – in the market capitalization rankings.
NEO's 22% rise was the second best of the best-selling pieces, and the Chinese Ethereum is now trading at a world average of $ 137.
NEM has completed the top ten with a relatively tepid seven percent yield and is currently trading just under 1 dollar.
Image from Shutterstock to photo
Follow us on Telegram.