IOTA, OmiseGo and Steem give full throttle
The crypto market seems to have recovered in total for the moment and the cops start again. Particularly strong was the profit of some Altcoins, which registered well over 20 percent share price gains. These include IOTA, OmiseGo and Steem.
Market capitalization rose just under $ 30 billion in just 60 minutes yesterday. So far, there is only speculation about which whales have entered the market. At the time of writing, the total market capitalization is $ 312 billion.
As we reported earlier, George Soros and Venrock (Rockefeller family companies) have announced they will enter the crypto market. This could be one of the reasons for the rapid increase.
The German cryptocurrency IOTA recorded the largest price increase in the Top 10 with a plus of more than 26 percent in the last 24 hours. The price continues to rise and is $ 1.35.
The trading volume is rather small at 71 million and occupies the last place in the top 10. The market capitalization is just under $ 3.75 billion.
OmiseGo made a big leap. The price rose 40 percent in the last 24 hours to $ 13.65 per OMG token. This price gain is the largest in the top 20 largest crypto currencies (measured by market capitalization).
The market capitalization at the time of writing is $ 1,392 billion, putting it in 20th place in the ranking of the largest cryptocurrencies.
As we already reported, the plasma upgrade will be introduced this year at the Ethereum Blockchain. Since OMG is an ERC20 token, it also increases the speed with which transactions from OmiseGo take place.
The crypto currency Steem, which posted a price increase of 44 percent, rose similarly strongly. The price for a Steem token is $ 2.93 and has an equivalent market capitalization of $ 750 million.
Within the Top 100, Bitcoin Private has risen the fastest and has seen nearly 100 percent growth in the last 24 hours.
The current market situation is tempting to invest, but it should always be kept in mind that the crypto market has been unbelievably volatile over the last 2 months. As fast as the capital has flowed into the market, it can also be deducted again. The next few days will tell if stability will set in and the long-awaited return of the bulls will take hold.
Coins mentioned in post: