The crypto market showed this Wednesday, July 18, a general increase which led to several altcoins such as Stellar (XLM), Cardano (ADA), OmiseGO (OMG) or Zcash (ZEC), protagonist of price increases of between 10% and 53% in the particular case of Bitcoin Diamond (BCD). According to CoinMarketCap, the total cryptocurrency market has reached a value of over $296 billion, with 55 of the 100 most capitalized cryptocurrencies at least 5% higher. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an original essay To know the causes that generate this behavior, it is necessary to mention two types of factors that come into play. The first concerns the global aspects of the ecosystem itself, which include the good momentum the market is experiencing and the momentum it has gained in recent days. The second is about each individual cryptocurrency and the announcements made last week that had a positive impact. This is the case, for example, of Stellar, the sixth most important currency by market capitalization. This organization received a certification on Tuesday to use DLT technology in Islamic financial institutions. The trading volume of this cryptocurrency in the last 24 hours was over 200 million dollars, an increase of 27%. However, at the time of writing the price shows a slight correction and is 10% different from the previous day. Market enthusiasm has also knocked on the door of Cardano, which recorded a 13% jump on Wednesday, although it is already showing a slight correction. The increase, which has lasted for several days, may be due to Coinbase's announcement that it was considering adding it to its platform in addition to Zcash, Stellar itself, Basic Attention Token (BAT) and 0x (ZRX). Cardano has also shown a considerable increase, which has been sustained over the last week. In the case of OmiseGO, which gained 5%, the cause of its rise could be the announcement made on Wednesday by the executive director of McDonald's in Thailand, Hester Chew, who said that her partnership with this platform has been successfully implemented . The trend of this currency has been very erratic over the last day and is currently showing a slight correction. As you may recall, McDonalds branch in this country reached an agreement last September establishing the use of the cryptoactive payment service provided by OmiseGO. in mind: this is just an example. Get a custom paper from our expert writers now. Get a custom essay In the case of Dogecoin (DOGE), which recorded a jump of more than 23%, the reason for the increase would be linked to the announcement made on Monday by the trading platform Robinhood, which announced through its website that it will offer support for this kryptom currency.