Over the past week, all “cryptocurrency unicorns” such as Stellar (XLM), IOTA, OmiseGO (OMG), Cardano (ADA), NEM (XEM), Icon (ICX) and Monero (XMR) have demonstrated a solid positive dynamics, becoming leaders in the process of restoring the crypto-currency market.
Փ Stellar growth was 66.52%, market capitalization reached $6.7, and the rate – $0.36 at the time of writing. At the same time, the volume of trade Cardano increased by 58.92%, reaching $203 732 000. In turn, the volume of trade IOTA for the week increased by 57.40%, and is now at around $53 058 500. OmiseGO jumped 44.93%, which also repeats the dynamics of IOTA, Cardano and Stellar.
Causes of growth Փ
This is one of the reasons for the Stellar growth rate has been the partnership with Novatti to integrate blockchain payment to the payment platform of the company. Stellar has also integrated Lightning Network technology to address scaling issues.
The reason for the growth of Cardano (Ada), in turn, was the study of ways to solve the problems faced by the bitcoin and Ethereum network, which gives the cryptocurrency a significant advantage over its competitors.
This is in the case of IOTA, the reason for the growth could be Tangle – bezblokovy the registry, based on DAG (directed acyclic graph) and allows users to make transactions and transfers without fees.