If you followed the price of cryptocurrencies, especially in recent days, you may have noticed that most digital assets are in a process of growth, some more than others, reflecting that the market is overcoming the contraction stage.
Analysis of the last 7 days
It can be seen that most of the cryptocurrencies, at least the most important ones, are growing in value, being the most outstanding case that of XRP , which almost doubles its price. The explanation considered by the experts is that this growth is based on the projects being developed by each of the companies associated with their cryptocurrencies, such as Ripple or Ethereum.
We use those 2 coins as an example for the coverage we recently made, with Ripple developing new platforms to support XRP, such as xRapid. While Ethereum is fixing its scalability problems, with changes in the Blockchain network.
In addition, they conclude that if this growth continues, predictions about the new stability bases will be fulfilled, for example the case of ETH, in which they predict that if it reaches $ 260 by the end of October, it will imply a new stage of expansion for the coin.
Cautious
However, we must remember that this analysis is to observe different days, it may vary in the very short term, then we must be attentive to the changes that occur every hour.