Ripple and Cardano are the cryptocurrencies that are experiencing the greatest value adjustment, on a day when most are adjusting, just after several days where they have all recovered part of their value.

Something very common, after several days of rise, in this case quite strong after a strong correction, is that there are slight decreases in the values ​​of cryptocurrencies. Two of the cryptocurrencies that are correcting their value the most are Ripple and Cardano, which suffer a correction of approximately 10%, while most cryptocurrencies move in corrections of a maximum of approximately 5%, or less, like Bitcoin , which corrects about 4% or Ethereum, which corrects less than 2%.

Ripple started the year second in the market, but has since lost just over half of its market capitalization. Now around 60.000 million dollars, an important value that serves to be in third position in the market. The strongest moment was when it reached $ 3.8 valuation per token and had a market capitalization of $ 150.000 billion. Cardano, for its part, peaked at $ 32.000 billion on January 3 and is now around $ 17.000 billion in capitalization, which is more or less half the capitalization of Bitcoin Cash.

Analysts comment that this correction may be due to the new regulations in this field in South Korea and the decision to block market access to foreigners. This has been confirmed by Korbit, the third exchange house in the South Korean market, who has reported that foreigners will no longer be able to deposit or withdraw in Korean won, to avoid money laundering and that it will be integrated at the end of this month of January.

Measuring what the impact of this ban will be is not easy, because the majority of users of these exchange houses are not investors from outside the country, they basically rely on users from the country, so it should not be a big problem. To say that the correction of this past week in the market to this measure, which has been known since December 14, does not seem realistic.

In addition, regarding the market, it is expected that by the end of this month, within the next two weeks, a large number of financial investors will arrive to the cryptocurrency market, something that will allow an increase in the volume of operations and, consequently, an increase in the value of cryptocurrencies. Regarding the short term, it is possible that the adjustments will continue, since it is a trend that at the beginning of the year, during the month of January, there are strong adjustments due to the Chinese New Year. Already at Christmas we saw a strong adjustment of the world cryptocurrency market.