On Sunday, September 23, all top 20 cryptocurrencies have remained in the green, with signs of more gains in the coming weeks. Additionally, with a generally positive sentiment surrounding the cryptocurrency market, here’s what to expect regarding these coins’ prices.
Price analysis
On Sunday from early morning, almost all top 20 cryptocurrencies have stayed in the green, with gains between the ranges of 2-20%. For instance, Ethereum’s price gained 2% on the day to trade at $242. Additionally, XRP, which had gained about 80% on Friday, maintained the bullish momentum and is currently trading at $0.5646. Stellar Lumens (XLM) has recorded impressive gains at $0.282 after surging 20% on the day.
On Saturday 21 September, XRP had briefly surpassed Ethereum to become the second largest digital currency by market value. However, Ethereum managed to regain its position as the second largest cryptocurrency, after overtaking XRP by some $2 billion, with a market cap of $24.4 billion at press time.
The total market capitalization stands at $225 billion, after moving slightly higher to $227 billion on the day. Moreover, the total markets have gained $20 billion over the last 2 days. This may have been largely contributed by the positive sentiment surrounding XRP after making major moves during the week.
Predictions
Despite the rampant market manipulation and volatility that has been taking place for the last few months, we can confidently state that there might be a silver lining at the end of 2018. First, there are a number of positive developments scheduled to take place, for instance, the SWELL event. SWELL will bring together leaders in policy, technology, and payments. As such, you can expect rapid adoption of cryptocurrencies following the event. This, in turn, will result in a bullish momentum.
What other developments do you think will have a positive impact on the crypto industry?
Share your views in the comments section below
