Course overview 22-29 October: the chic side of the trend
The last week of October was marked by sideways trend. Broke was XRP and Monero, but for how long the fuse is not enough. The maximum decrease in the first ten showed Stellar and Cardano, but what is 4-5% minus a week, if not so long ago, happened correction with double-digit result for the day!
Largest by capitalization of kryptonite 22 – 29 October 2018
The price 29.10.2018 08:35 UTC+3, $
Change within the week
Mobility in soil -0,35%
Monero began to rise on 23 October on the news that he had a fork. The algorithm of this coin added another barrier against ASIC and significantly lowered the transaction fees. But October 25, Monero has gone into a correction.
At Ripple (XRP) a good reason to grow was also. Trust company, a subsidiary of the Coinbase exchange has received the permission of the Department of financial services of the state of new York to work in the role of custody (custodian). In the list of six specified amount of cryptocoins includes XRP, though still listing exchange Coinbase it was not.
Stellar, as expected, had to fly in with the news that I was going to announce on October 22-25 at the SIBOS conference (Sydney, Australia). Technology news published, take-off was not followed, analysts say they have already been considered by the market the day before, when the increased rate Stellar.
Cardano smoothly went down with short stops. Though analysts say about expected in November a bullish reversal, investors, bored, looking at not given an impressive exhaust Korean projects, and not in a hurry to spend the Euro, the won and the dollar on this cryptomonad.
Last week Tether withdrew from the turnover of 1 billion tokens USDT. It was supposed to rock the market. But not rocked. Sideways changed the second week, and feels good.
Where is the rally?
Waiting for decisions from the securities Commission of the United States, which is considering the whole pack of applications about the creation of ETF-funds. The news will be closer to 5 November is one of the deadlines for consideration of the next group of applications. Waiting for the launch of Bakkt (now in December).
From FATF news in the coming months hardly wait – the Commission has postponed for June, 2019 publication of the framework document on AML and KYC in relation to the stock market.
Strong technological news can also give a boost. But the biggest triggers remain the decisions of regulators, especially the us.