The cryptocurrency market has grown enormously in recent weeks. Although these peaks are often followed by strong corrections, their value usually rises and reaches higher peaks.
In the last week, the global capitalization of the market reached a historical maximum of 345.7 billion dollars, a value higher than the one handled by the famous oil company Exxon Mobile, according to Forbes magazine. At the time of writing, the capitalization of the crypto-market is at $ 350 billion, $ 45 billion more than that managed by JP Morgan.
Bitcoin, on the other hand, has grown to reach $ 11,800 per currency, with a capitalization of more than $ 197 billion, an amount greater than that of the global Coca-Cola food industry.
The rest of the currencies also presented a very positive behavior, since a great amount of altcoins reached its historical maximum in the last seven days. Stresses Ethereum, which came to exceed $ 500 after having been stagnant around 300 for several months; Dash, which reached a value of $ 826; Litecoin, which exceeded $ 100 and remained; and Monero, with a historical maximum of $ 214.
Then, in addition, we present the 5 cryptoactive with greater appreciation during the week.
STATUS
The fifth place on our list is held by Status (SNT), a platform built on the Ethereum network that functions as a portfolio and as an intermediary of payments between ETH and other ERC20 tokens. It also has an open source decentralized application (Dapps) browser.
This currency started the week with a value of 0.033 dollars and a market capitalization of $ 116.7 million. For November 29, it rose more than 80%, standing at $ 0.074, although it quickly had a strong correction that took it almost to the initial price. However, this December 3 reached a value higher than that peak, reaching $ 0.076, with a capitalization of $ 264 million.
There seems to be no compelling reason for this increase in addition to its rewards program, in which both developers and companies can participate, either by joining a project or by looking for participants.
STELLAR LUMENS
Stellar (XLM), as it promotes on its official website, is a distributed and open source payment infrastructure that connects people with banks and payment systems.
By November 25, it had a market capitalization of $ 761.2 million and a value per currency of $ 0.042. Four days later, on November 29, it reached a historical high of $ 0.098, with a capitalization of 1.7 billion, showing a growth of more than 100%. After a strong correction he began his ascent again and returned to his historic maximum today.
The main reason for this increase is that the cold wallet provider Ledger included it in its platform. Before this, users did not have such secure ways to store their coins. In addition, Ledger users who did not know the currency, seeing it listed on their device, may have been interested in the project.
MINEXCOIN
MinexCoin (MNX) is also a global payment system. However, the offer of this currency is the stability of its value, because they promise an oscillation of approximately 5%. Its way of achieving this is through an algorithm called MinexBank, which will regulate its price in the same way that a central bank maintains the value of its currency.
MinexCoin began its trajectory in the market just a month ago, on November 1, when it was listed in the Livecoin exchange house. This platform is currently the only one that allows transactions with this currency, exchanging it for BTC, ETH and USD.
In the last week it has presented a progressive growth and has come to triple its price, going from $ 12 on November 25 to $ 69 today, with a capitalization of $ 209 million.
EINSTEINUM
Einsteinium (EMC2) is a blockchain platform designed to raise funds to finance scientific research, which has gained support in this field.
In the last week it has had a progressive increase of up to 300%, going from having a market capitalization of $ 49.3 million on November 25 to $ 186 million at the time of writing. As for the value per currency, it has gone from $ 0.228 to $ 0.86, almost reaching the dollar.
This increase may be due to a strong bifurcation in your network that will take place in about a week. In addition, there is much expectation as the team posted on the official Twitter account that will make a very important announcement on December 19.
CARDANO
Finally, the currency that has risen the most among the first 100 according to its market capitalization is Cardano (ADA), an open source project that promises to develop a platform for smart contracts with better characteristics than the current ones.
In the last week this currency showed a growth of more than 358%. Its market capitalization went from $ 776 million to $ 3.4 billion, while its dollar value increased from $ 0.029 to $ 0.132.
This growth is due to the fact that the Bittrex exchange house included the pair between this currency and ether, which has handled a volume of 1.2 million dollars in the last 24 hours. It was also listed in Binance, which handles 24% of the total volume, and will be listed in Coinnest on December 4, exchange house that will also make an airdrop of 10 ADA to users who register before that day.
The global cryptocurrency market has had a very volatile week and these peaks are likely to be extended until the end of the year, as many traditional institutions are adopting this technology on their platforms and the mass media are paying more attention to them.
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