Is Growth Back?
On Wednesday, December 12, the cryptocurrency markets registered a modest gain with all the top twenty digital currencies witnessing an increase in their market capitalization, data from the Coin360 revealed. The largest cryptocurrency Bitcoin started the day at $3,414 and reached a high of $3,534 before falling to $3,499 at the press time. This translates into 2.21% growth in its valuation over the last 24 hours.
Ripple and Ethereum
The second largest cryptocurrency by market capitalization Ripple (XRP) is up by 2.36% with its value trading at $0.308 at the time of going to press. Its weekly analysis reveals that the altcoin is down more than 9% with a lowest traded value of $0.29 recorded on December 7. Ethereum, the third largest cryptocurrency, is trading at $91.41, up by 2.77% in the last 24 hours. In terms of weekly losses, the cryptocurrency is down by 12% which is a significant loss in terms of its market valuation.
Bitcoin SV and Bitcoin Cash (BCH)
Of late, Bitcoin SV (BSV) witnessed a massive increase in its value though the coin witnessed a fall of over 6% on December 11. Yesterday, however, the altcoin stayed at the same level – neither registering a gain nor suffering a loss over the last day. According to Coinmarketcap, BSV was trading at $90.14 at the press time.
Bitcoin Cash (BCH) also registered some gains over the last 24 hours with its value trading at $103, up by 1.8% at the press time. The weekly statistics show that BCH is down almost by 23%, thereby, suffering major losses in the last seven days. The currency traded highest at $133.37 on December 6, and since then, it suffered considerable erosion with value dropping to a minimum level of $97.80.
Tezos and Total Market Cap
The only coin in the top 20 list that has registered double-digit growth over the last 24 hours is Tezos (XTZ). The altcoin registered 13.82% growth with its value trading at $0.415 at the press time. The data from CoinMarketCap shows that the total market cap of all cryptocurrencies is pegged at $110.9 billion. The daily trade volume has also seen a rise with volume up from $107.8 billion to $110.8 billion.
Meanwhile, there is a new addition to the cryptocurrency market with Calgary (Canadian City) launching its own digital currency in the market. Named as the ‘Calgary Dollars,’ the cryptocurrency uses a mobile app to show the restaurants and shops who are the partner in this program. The buyers can spend this currency to make a purchase, order a lunch, buy transport tickets, or even pay the donation.