HoHoHODL: the Santa Claus rally continues; market adds another $10 billion

24 Dec, 2018 | Updated: 24 Dec, 2018
by Will Heasman
Price Action
HoHoHODL: the Santa Claus rally continues; market adds another $10 billion

The crypto market is currently reveling in the Christmas spirit as crypto posts the addition of a further $10 billion to its total market cap, accumulating to an added total of nearly $50 billion in a matter of days.

While Bitcoin’s (BTC) gains are moderate at a +3.07% increase in on the 24-hour charts, alts are proving to be the real stars of the show with some gains upwards of 10%.

XRP came out strong today, on the back of the Binance announcement that the cryptocurrency was set to become a base pair for Zcoin (XCZ) and Tron (TRX)

Currently sitting at a price of $0.42, XRP has seen a significant rise of the past 24 hours up +13.38%.

Similarly, Ethereum (ETH) is also citing a boost, posting a gain of +10.28% on the 24-hour charts.

In their wake is Bitcoin cash (BCH), EOS, Stellar (XLM), Litecoin (LTC) and TRON up +4.09%, +3.77%, +6.73%, +5.91%, and +5.73%, respectively.

Outside of the top ten tells the same story, with green across the board, barr WAVES which is finally coming down from it’s huge rise over the past few days, sitting at a current loss of -5.62%.

Notable gainers in the top 100 include Tezos (XTZ) up +11.96%, Qtum, citing a +11.97% increase, as well as NEO, up +9.42% on the 24 hour charts.  

Read more: XRP the base: Binance adds XRP as a base pairCrypto adds $31 billion in a matter of days; Is this really a Santa Claus rally?

Follow Chepicap now on Twitter, YouTubeTelegram and Facebook!

Add a comment

Check out the latest news

You will be logged out and redirected to the homepage