Course overview 1-7 Oct: XRP spoiled — wear TRON
The first week of October 2018 has started in anticipation of the rally. Market participants hoped that technological innovations, which was prepared for presentation at the conference SWELL on October 1-2 in San Francisco, will provide rapid growth. But as it turned out, all the news was leaked by sources before, and the lush presentation of the system of cross-border payments market xRapid not inspired. It ended a two-day correction, which was followed by cautious growth October 4, and then a few days side trend.
Largest by capitalization of cryptomonad 1 — 8 Oct 2018
The price 08.10.2018 08:57 UTC+3, $
Change within the week
The disappointment of the recent pet was so strong that XRP for the week dipped by more than 16%. It’s certainly not as scary as a serial multi-week descent to $0,27 per coin that we saw until the beginning of September, but it’s a shame.
Have pleased investors is that the only TRON, which has grown rapidly on the news about the imminent launch on 8 October a new version of the virtual machine – the TVM (TRON virtual machine).
That’s just to release the market place, the news could not. TRON is an asset from the lower part of the second tier. Its market capitalization on the morning of 8 Oct — a total of $1.78 bn and the turnover per day – $359 million is not enough to budge the top three. But enough to have forecast that TRON in the coming months will be included in the top 7 amount of cryptocoins (he is now eleventh place given stablon Tether).
The market leader, a bitcoin going through difficult times. On the one hand, aggressive investors find it too boring, low-volatile to use in speculation. On the other —this stability can lead to the fact that calculations using it can become a kind of standard. And because the demand for it will grow. And Tether, on the contrary, will fall. Will come true if this prediction will become clear in the next month and a half.
Capitalization of the stock market is hovering around $220 billion – and it is good that at least does not fall down below. The market is waiting for news of two types: positive signals from regulators and reports about the use of cryptocurrencies and blockchains in large projects outside of the stock market.
For example, like this: on Friday it became known that the Commission on trade commodity futures U.S. (CFTC), based on a court decision on the startup of My Big Coin Pay Inc., going to stake a claim for a regulation of cryptocurrencies. It is appropriate here to recall that CFTC, unlike the RA securities and exchange Commission (SEC), is more liberal towards scriptactive. However, butt particularly the two knobs will not be in vain, that if they at all public events in unison declare that actively interact in a variety of projects.