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XRP and EOS show steep bull-run; explode above 13% and 22%


ambcrypto.com 18 December 2018 09:25, UTC
Reading time: ~2 m

After suffering the bearish ordeal, the cryptocurrency market is back on its track to bow down in front of the bull. All the top-10 coins across the board are colored a jolly green as Christmas approaches. Although all the tokens have shown laudable progress, XRP, EOS and Stellar Lumens [XLM] have given the bull market a distinct edge as they continue to soar above 10% each.

At the time of writing, XRP was up by a massive 13.8% wherein the token was trading at a price of $0.33 with a huge market cap of $13.4 billion. Here, the total trading volume in the past 24 hours was recorded at $845 million.

XRP 1-day chart | Source: Live Coin Watch

It is clearly seen in the graph that XRP picked up on its performance on the trading volume front across the day. At the beginning of the 24-hour cycle, XRP had a total trading volume of about $285.9 million. As the day progressed, the coin reached a pinnacle of the trading price at $0.34.

Post this, as the price went down by a little margin, the trading volume hiked even higher to reach above $850 million as the investor sentiment rose.

In the case of EOS, the coin is currently up by an inconceivable 22% wherein it is being traded at an inflated price of $2.43 with a market cap of $2.19 billion. Here, its trading volume in the 24-hour cycle was calculated at $1.29 billion.

EOS 1-day chart | Source: Live Coin Watch

EOS began the day by trading at a depreciated price of $1.99 wherein its market cap was evaluated to be around $1.7 billion. The 24-hour trading volume was also a low figure, i.e., $568.3, at one point.

The coin made a major move upwards and reached its peak of the day at $2.57. By this time, the trading volume started to follow the hike and continued to rise as the price took a minor downturn. The highest trading volume was recorded at $1.3 billion where the corresponding trading price was $2.44.

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