Cryptocurrencies slowly grow after Christmas fall

The data from Coinmarketcap, the aggregator of Bitcoin and altcoin prices from major exchanges and converters, shows that the cryptocurrency market is slowly rebuilding after the fall witnessed by the media sites, including Bitnewstoday, a few days ago. As explained by financial analyst Alexander Kuptsikevich from FxPro:

“At the end of this week right before the Christmas holidays the cryptocurrency market has reached a correction stage. In the midst of the holiday, the trade volumes considerably shrinked, the market activity was insignificant and even the mining rigs cooled down. With all this in mind, already in 25 December one could see that the activity was returning, and the investors’ sentiment is visibly good.”

Quite so — at the press time, first 8 cryptocurrencies in the Coinmarketcap’s list had 5.7% of daily again (average number). The combo of the currencies with complacent investors is broken by NEM, an altcoin which has fallen by 9% for unknown reasons. This might be connected with its community sentiments.

If one looks even lower in the list, one will see that Monero had a gain more than any Top Eight cryptocurrency (+10.55%), but one of the real records belongs to ZCoin which gained 35%, anomalous in comparison with other altcoins.

The further cryptomarket dynamics cannot be predicted with certainty and depends on the general community atmosphere, condition of the major exchanges and experts’ statements. As noted by German Klimenko, Russian presidential adviser, the cryptocurrency market is volatile because it has too few participants.