The price of Waves has grown by about 60% and has been on the weekly top list for the third consecutive week. XRP advances 55% after implementing a new feature of smart contracts.
In recent weeks, the prices of altcoins have risen almost at the same rate as that of Bitcoin (BTC). The prices of almost 95% of the cryptocurrencies on the market have grown and have achieved increases of around 60%, according to statistics from Coin Check-Up.
The most appreciated cryptocurrencies are Waves (WAVES), Ripple’s XRP, Litecoin (LTC), Ethereum Classic (ETC), and Decred (DCR).
The pioneering cryptocurrency continues the bullish run that started a few weeks ago. In the past few days, BTC has exceeded USD 16,000 in just one week, reaching over USD 18,000. BTC’s weekly advance is estimated at 17.9%.
According to Willy Woo, the inflow of capital into the Bitcoin market is at its highest rate. It is an organic movement that correlates with the price of the cryptocurrency. The analyst considers this to be a sign that the current bullish run is sustainable over time.
The price of Ethereum’s Ether (ETH) has also advanced substantially, fluctuating between USD 441 and USD 512, with an average weekly rise of 12.4%. The cryptocurrency has broken the USD 500 resistance against the US dollar for the first time in over two years.
The prices of other relevant cryptocurrencies on the market have also recorded substantial growth. Ripple’s XRP gained 53%, Ethereum Classic (ETC) appreciated by 30%, and Litecoin (LTC) is up by 35%.
Waves Launches Commercial Version of Blockchain Voting System
Waves Enterprise announced the public launch of its blockchain voting system, aimed at organizations that make voting-based decisions. The information is released at the same time that WAVES has remained on the weekly top list for the third consecutive week, with an average advance of 59.5%.
In recent weeks, the price of the cryptocurrency has had steady growth, fluctuating between a minimum of USD 4.25 and a maximum of USD 7. The market capitalization of WAVES is around USD 671 million, and its trading volume is around USD 257 million.
Ripple’s Blockchain Incorporates Function for Smart Contracts
In recent days, the Ripple blockchain (XRP Ledger) incorporated a new function that allows making smart contracts. Wietse Wind, the manager of XRP Labs, who developed the new code “Hooks”, explained the details on his Twitter account. At the same time, the network’s cryptocurrency, XRP, has risen in price and has achieved a weekly advance of 53%.
The price of XRP has seen upward momentum in recent weeks, which has grown stronger. Its value went from USD 0.2736 to USD 0.4209 at the time of writing this article. XRP’s market capitalization is around USD 17.74 billion, and its trading volume is around USD 16.23 billion.
Litecoin Funds on Grayscale Increase Over 200%
The amount of LTC that fund and cryptocurrency manager Grayscale Investments is safekeeping increased by 267% in the last few months. This coincides with the beginning of a sustained rise in the price of LTC, whose growth is about 35%.
Grayscale notes that the amount of funds in the Grayscale Litecoin Trust amounts to USD 53 million. This number is a significant increase, given that the figure was USD 19.8 million last August. The value of LTC recently reached USD 85.14, and its rise has been sustained.
At the time of writing this article, LTC’s market capitalization is about USD 5.66 billion, and the trading volume is around USD 8.17 billion.
By Willmen Blanco
