had been taking a deep dive for a while, recording a season low of $3,399 on early February. price at beginning of May slowly took a turn and came back with an explosive momentum resulting in on May 10th, topping over $8,000 USD on the 14th. Although it took a sudden dive to $7,000 mark on May 17th, that didn’t halt the steady recovery to $8,000 by May 21st. The current price level has recovered to that of last year’s before the crypto-market bust.
As is taking the lead crypto-market in general is gradually recovering to that of last year.
is enjoying the long-waited bull market as well, currently going over $250. Compared to last year’s $700 mark, there is still much room left to fill in. Nevertheless, still managed to recover its 2018 September position after a long decline.
Another major crypto-player has also made a recovery along with surge. While It was at $0.3 on the 14th, it had a giant leap to reach season’s high of $0.47 at May 16th. After a correction, average price of is around at $0.4. As with , has not yet made a full recovery to last year’s May price, which is $0.7, but it has made it back to the late 2018 level.
Korean premium is estimated at around 0.9~1.07%, depending on exchanges.
Reason for Surge : Trade War between the US and ?
While various factors that global corporate giants jumping into crypto-industry, and test launch of Bakkt’s futures market, the most prominent factor seemed to be the deepening trade dispute between the US and . The trade dispute between the US- have presented uncertainty to the global audience, and pushed to toward a safer, independent asset in financial market. In turn of these events, is being viewed as a safe asset, and such view would lead to a sustained price increase as a safe asset, or a global currency.
“” search on Google Trend recorded at 14-Month High
According to media “Cryptoglobe,” Google search for “” hit the highest level in 14 months in Google Trends, thanks to the recent surge in price. Furthermore, during past two weeks, the level of interest for has risen from 12 to 20, the highest level of interest since February last year when was between $8,000~10,000.
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Published at Thu, 23 May 2019 10:14:47 +0000
