The market for cryptocurrency recovered Wednesday night after selling the last two days.
The digital money market has grown, after at least $ 412 billion, about $ 100 billion. At the time of writing, the total capitalization of the crypto market was about $ 520 billion.
Read More: Prices of Top 20 Cryptocurrencies in January 2018
Just ten days ago, the market for cryptocurrency reached a record high of over $ 830 billion. However, the fear of an offensive against trade in South Korea has put the world of cryptography on the knees. In general, the digital currencies dropped too much of Wednesday and the price of the bitcoin fell to less than $ 9,500, according to Markets Insider.
The currency, which reached approximately $ 20,000 in December, was quoted at $ 18,266 to $ 11,080 per coin. AND.
Marketers see the slowdown as natural. David Duchene, the founder of IOTA’s digital currency, told Business Insider that the correction in the context was not so great.
“At the top, more than 40 individual lands have been estimated north of $ 1 billion, most of which do not have any functional products or even a team,” he said. “Today’s correction can seem catastrophic for newcomers to the scene, but Crypto has gone through this mountain lane countless times, the current market rating is what cryptography was a month ago.”
As for the future of the market, Brad Zastrow, CEO of Dash, told another cryptocurrency, insiders that similar situations could happen in the short term, but solid projects will survive in the long run.
“I do not see any impact on strong projects,” he said. “That they have a differentiated value proposition with a robust control system”.
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