According to the recent report released by a group of financial experts on fluctuations in the cryptopoly market in 2018, July was the month in which market capitalization appreciated from about $258 billion to $278 billion. A growth of nearly 8% and thus more than 20 billion US dollars.
In July again, Bitcoin's supremacy increased considerably, from 42% to 48%, to show that the increase in the value of the market capitalization of crypto currencies was strongly influenced by the growth of the number one cryptomonnaie, Bitcoin. In July, Bitcoin's market capitalization increased by more than US$23 billion. The total influence of Altcoin on market capitalization was negative US$3.7 billion.
The 4th and 8th crypto currencies on the crypto market recorded an increase in capitalisation to 74.8% and 82% on the market on 1 August 2018.
Based on market capitalization fluctuations from $244 billion to $303 billion in July, Bitcoin's market capitalization fluctuations recorded a minimum of US$106 billion to reach US$143.6 billion of market capitalization.
Ripple falls below 0.35 USD
The cryptocurrency community has become aware of this new astonishing loss of 5 billion dollars from the market, the major virtual currencies, including Ripple and Bitcoin, having recorded losses in 24 hours.
The digital reference currencies, Bitcoin and Ethereum, depreciated by only about 0.15%, while Ripple and Bitcoin Cash prices fell by 16.53% and 13.38% respectively over the last 24 hours. Tough blow
Not everything was sad and gloomy in the cryptocurrency market, with digital assets such as NEO, Stellar and IOTA recording slight gains over the past few days against the US dollar and Bitcoin.
But now, once again, Stellar, IOTA and NEO prices have fallen by 12.74%, 18.12% and 16.2% respectively.
The right time to invest?
Given the current Ripple prices, many analysts and observers of cryptocurrency agree that XRP will not only be able to recover, but also create new value added. Investors and traders are buying Ripple (XRP) now, as experts believe it's time to invest in digital assets before prices soar