In the last 24 hours after the rally of bitcoin from $6400 to $6750 cryptocurrency market began to grow rapidly: the prices of the two currencies with the best rates as of September 28, Cardano and litecoin has increased by 10%.

For 10 hours the price is the ADA native cryptocurrency Cardano, increased by 12.3% from $0,078 to $0,0876. Although most of the assets are slightly passed the position once reached a one-week high, the market started to recover.

The air, which Ripple (XRP) was spared last week as measured by market capitalisation, has strengthened its position as the second value of the cryptocurrency. The distance between ETH and XRP increased by $2 billion following a 7% growth in prices of air.

As previously reported by the experts Diar, ICO projects continue to hold more than 38% of the attracted ether. Chief analyst Diar Larry Cermak noticed that the pressure on the price of ETH will hardly diminish in the coming months, given the huge amount of coins remaining in ICO and after the sale in recent months.

The report Diar said:

It is a mistake to think that the ICO has eliminated most of its ETH-assets. On average, all of these projects have moved or eliminated 62% of the initial amount of coins. In other words, they still hold about 38% of assets. This fact creates pressure on the sales of esters, which are unlikely to disappear any time soon. The price affects not only the emission of the air through mining, but also ICO, liquidating assets to cover expenses.

Thus, for broadcast, there is a high likelihood of a sharp price decline. However, in the last 48 hours Ethereum has made a determined attempt to escape from the zone of $200 and ready for a potential growth to $300. Another short-term rally could give the currency the chance to get out of the current price range.

According to the materials of CCN

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