The value of cryptocurrencies has doubled in just two weeks!
This year is completely different from last year when it comes to digital currency performance. We have repeatedly seen the value of major currencies, including the btc, dropping to the worst levels ever.
Volatility is an integral part of the digital currency market cycle, becoming something investors expect, so such declines usually enter their guesses. However, it has been shown how volatile the price can be. Last month, digital currencies peaked again, accounting for 60% of their value over a period of just two weeks.
Some of the largest digital currencies have seen even greater gains, with IOTA gaining a massive 115 per cent. The major digital currencies that led very well over the past two weeks include Stellar, which rose 111% and the 102% ripple, as well as the "EOS" which saw a rise of 101%.
We will note that some of the larger digital currencies have been absent from this list, especially btc. Although the world's largest digital currency has not seen an increase, it has shown a 35% increase over the past two weeks, far below its peers.
The question that surrounds everyone is why digital currencies saw this increase, after experiencing huge losses in general during this year. Of course, the order can be due to a combination of three factors. Blockcchain may be starting to finally gain some acceptance and activity in the real world, it is without blockchain, there will be no digital coins but they are also the biggest source of concern. While it exists, very few businesses are willing to test this technology in real-world scenarios, and this may be one of the biggest setbacks. But, in recent days, there have been a number of great Blockin projects that have become publicly available, which have attracted the attention of major corporations.
Another contributing factor is that the stock market has stabilized recently. Last year, people believed that primary digital currencies could act as an alternative to the stock market. However, the story was different early this year. So entered the stock market correction area for the first time in years in February this year. This means that digital coins sank alongside traditional entities, dispelling the myth that they would act as an alternative to the stock market. The stock market says it will rise again now, which means that this is what the digital currency market will do next.
Finally, retail investors are happy again. In fact, retail investors are more likely to invest on sentiment rather than logic, which can affect market volatility and lead prices to rise and fall significantly. When they are happy, and invest in the market, prices will rise accordingly and we will see significant gains as we have seen in the past two weeks.
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