The cryptocurrency market cap just hit its monthly high with some bullish movements from the top performers like Ripple and Bitcoin cash making the biggest gains as seen in the crypto chart. As of writing time, Bitcoin is struggling to make a move after gaining 1.61% in the past 24 hours.
The global market cap currently stands at 220B with Bitcoin still dominating with a 51% market share.
Ethereum has also been seeing some movements with the coin gaining over 10% in the past week and currently occupying about 10.3% of the global cryptocurrency market share. Currently trading at $219 Ethereum is still trading far low behind its all-time high of over $1300.
Bitcoin cash remains the major gainer with a 12.94% increase in the past 24 hours. This increase is being influenced by the upcoming fork and according to predictions put out by Cryptoline News two days ago, the coin should continue to see a rise in its price as we move closer to the fork. However, it is expected that a correction will take place after the fork.
Ripple is still making some gains but has lost the momentum from yesterday after trading at a 30 day’s high of $0.53. The coin is currently trading at $0.53 with a 21.23% increase in the past 7 days. Some more news that could see Ripple price further drop is the rumor of Ripple partnering with SWIFT, something which is unlikely to happen.
With a global trading volume of $17 B do you think we can expect to see the crypto chart take more gains or are we heading into another bearish market?
Let us know your thoughts in the comment section below.