The market is aimed at capitalization of $ 500 billion
The confident growth of the two most popular crypt on the world market has led to the fact that the total capitalization has surpassed 450 billion dollars, and based on current trends, we can assume that the market will overcome the half-trillion dollar mark during May.
The market is aimed at capitalization of $ 500 billion. Bitcoin and Eter led the rally
Ether increased by 11%
Ethereal, the original crypto currency of the Ethereum blockade, grew more than 11% against the dollar and 6% - against Bitcoin. The market capitalization of coins has risen to 79 billion dollars and is likely to surpass $ 80 billion in the next 24 hours.
In the media, it has been suggested that Eter's rapid rise in prices is linked to analysis by leading experts and analysts who note that Ether is not security under the rules and laws of the US Securities and Exchange Commission (SEC).
Ethereum co-founder Joseph Lubin, who oversees the large-scale ConsenSys blockbuster development project, said the Ethereum founding team conducted a comprehensive legal check to ensure that Ethereum adheres to current regulations.
We spend a lot of time with lawyers in the US and other countries and are confident that this is not security. ETH is never a security and we do not care about the discussion at all.
Increased confidence in this fact may trigger demand for crypto currency. Because tokens like WanChain, Decentraland, Ontology, EOS, and Zilliqa continue to make investors happy with the dollar and Bitcoin, analysts expect Eter prices to be ready for further growth in the short term.
Technical analysis also shows that short-term views for Ethereum remain colorful. But it is necessary to consider one fact: The ETH Relative Strength Index (RSI) lies at 73 points, and if the current trading volume of cryptocurrency in the main stock exchange will not be sustainable, it is likely that the price will drop slightly Ether before the next rally.
How are things in the Bitcoin market?
At the moment of writing Bitcoin prices are held near 9 700 dollars, and given the growth in the last 48 hours, it is expected BTC will surpass the 10 000 dollar mark in the short term (maybe within 24 hours).
In the past two weeks, the Bitcoin market has recorded a progressive increase in value with bribes and small corrections. Relative Strength Index (RSI) and Williams Percent Range (WPR) Bitcoins are in the neutral zone, signaling the possibility of continuing growth in the short term.
Since early April, the total industrial capitalization has almost doubled. Analysts have begun to conclude that the market has started kriptovalyutnom bullish period and predicts the growth of most coins (especially leading tokens, such as Bitcoin and ether).
Recently, daily trading volumes in the crypto currency market fluctuated slightly above $ 20 billion. On May 4, this figure is over $ 30 billion, and as volume continues to grow, demand for crypto currency will also increase.
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