The kryptonate market showed a general rise this Wednesday, July 18 which led to different altcoins such as Stellar (XLM), Cardano (ADA), OmiseGO (OMG) and Zcash (ZEC), with price increases of between 10% and 53% in the particular case of Bitcoin Diamond (BCD). The total crypto asset market has reached a value of more than $296 billion, according to CoinMarketCap, 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 Should Not Be Banned”? Get an original essayIn order to know the causes that generate this behavior, two types of factors must be mentioned that come into play. The first concerns the overall aspects of the ecosystem itself, which include the good times that the market is experiencing and the momentum he has gained over the past few days. The second concerns each crypto in particular and the announcements that were made last week and which had a positive impact. This is the case, for example, of Stellar, the sixth most important currency according to market capitalization. This organization received certification on Tuesday to use DLT technology in Islamic financial institutions. Trading volume over the last 24 hours for this cryptocurrency exceeded $200 million, resulting in a 27% increase. However, at the time of writing, the price shows a slight correction and is 10% different from the previous day. Market enthusiasm also knocked on the door of Cardano, which saw a 13% jump on Wednesday, although it is already showing a slight correction. The increase, which lasts for several days, could be due to Coinbase's announcement that it plans to add it to its platform along with Zcash, Stellar itself, Basic Attention Token (BAT), and 0x (ZRX). Cardano also showed considerable upside. , which has been maintained over the past week. In the case of OmiseGO, which increased by 5%, the cause of its rise could be the announcement made on Wednesday by the executive director of McDonalds in Thailand, Hester Chew, who said that its partnership with this platform was put implemented successfully. The performance of this currency has been very uneven over the past day and is currently showing a slight correction. As a reminder, the McDonalds subsidiary in this country concluded an agreement last September establishing the use of the cryptoactive payment service provided by OmiseGO. keep in mind: this is just a sample. Get a personalized article from our expert writers now. Get a Personalized Essay In the case of Dogecoin (DOGE), which saw a jump of more than 23%, the reason for the rise is believed to be linked to the announcement made on Monday by the trading platform Robinhood, which announced via its website that it would offer support for this kryptom currency.