Cryptocurrency crash: Biggest losers and winners 22 February 2018
Some major coins are still posting significant gains despite a bearish day on the market.
With 24-hour prices red across the board, it's looking like a bearish day for cryptocurrency. But there are some gains posted, with an upwards readjustment at the time of writing.
All changes are based on CoinMarketCap prices in the last 24 hours at the time of writing, and only coins in the top 100 by market cap are included.
The biggest winners
The biggest gains in the last 24 hours include:
1. Dent (DENT) – up 21%
Dent wireless might be the biggest winner today, up over 20% against a backdrop of red. Some people might be seeing the future in this blockchain based phone data sharing system.
2. Nano (NANO) – up 9%
Nano's up 9% in the last 24 hours, rising as high as... US$7.80.
It's still a far cry from its all-time highs above $30 and still well below its price before the BitGrail incident. But it might still be a nice surprise for the believers and a sign that people reckon it's undervalued.
3. Monero (XMR) – up 6.4%
The original and best-known privacy coin is rising today. With use cases including criminal financing, North Korean blackmarket purchases and hiding assets during a divorce, it might actually be one of the more reliable tokens out there.
4. Cindicator (CND) – up 4.6%
"77,000+ decentralized financial analysts enhanced by artificial intelligence" to help apply a bit of high tech crowd wisdom to financial services.
The biggest losers
There's a lot more red on the board than green.
1. ZClassic (ZCL) – down 16.4%
A fork of Zcash. This token is designed to be a privacy coin, keeping transactions quick, cheap and anonymous. Maybe the market's favouring Monero for its anonymity needs.
2. ZCoin (XZC) – down 16.1%
Not a fork of Zcash. This token is designed to be a privacy coin, keeping transactions quick, cheap and anonymous. Maybe the market's favouring Monero for its anonymity needs.
3. Lisk (LSK) – down 13.3%
The drop might indicate a bit of disappointment in Lisk's recent "major announcement" which turned out to simply be a rebranding and logo change.
4. Dentacoin (DCN) – down 12.5%
Not to be confused with DENT. Dentacoin is a mildly controversial blockchain solution for dentists.
5. RChain (RHOC) – down 12%
A sharded smart contract platform that executes its contracts off the main blockchain, designed for extreme scalability.
- Ethereum price breaks all time high of US$1,448
- Ethereum price: Massive slide as market faces bearish pressure
- Ethereum 2.0: Roadmap, timeline and implications
- Bitcoin falls to US$34,000 as confidence in money markets improves with the Biden inauguration
- Bitcoin price lags while regulators raise fears and banks grapple
Disclosure: At the time of writing the author holds ETH, IOTA, ICX, VEN, XLM, NANO, SALT, BTC