Cryptocurrency markets bounce back: Top 10 largest gains 19 March 2018
After a bloodbath in recent days, coins are bouncing back, some better than others.
The cryptocurrency markets have been struggling in recent weeks, with regulatory uncertainty, fading magic and a lack of interest seeing prices deflate all around. The markets seem to have found a new floor though, with prices bouncing back sharply today after slow bleeding across the last week.
These are the top 10 coins with the largest 24-hour gains, of the top 100 by market cap, according to CoinMarketCap.
How long the bounceback continues is anyone's guess, and odds are some of the coins you see here will take a snappy downturn again as traders consolidate these gains.
1. Status – up 35%
The Status Network is designed to bring the Ethereum blockchain to smartphones, allowing users to securely make cryptocurrency payments, send encrypted messages and more.
2. Nucleus Vision – up 21.7%
Nucleus Vision is an IoT type token with a focus on use in retail stores for the purposes of customer identification and sales tracking, and for supply chain management from the manufacturer to the customer's hands.
3. Dragonchain – up 21%
A blockchain solution for businesses. It's designed to allow for the creation of highly specialised private business blockchains that can be integrated with public blockchains where needed.
4. Stellar – up 18%
Much like Ripple and regarded as one of its primary competitors. It's similarly focused on international payments but is built for decentralisation and wider peer to peer usage, with an emphasis on creating its own wider ecosystem with a multi-asset decentralised exchange at the centre.
5. Byteball Bytes – up 17%
6. Aion – up 15.5%
A system designed to offer interoperability between blockchains with built-in scaling solutions, to more effectively use the benefits of different blockchains.
7. Zcash – up 15.3%
8. Siacoin – up 15.2%
A decentralised cloud storage system. It leverages blockchain technology and underutilised hard drive space around the world to offer much more secure, much more affordable alternatives to conventional cloud storage solutions.
9. Nano – up 15.2%
A monetary-style cryptocurrency for payments. It's purely designed to perform extremely fast zero fee transfers anywhere in the world, on an infinitely scalable network.
10. ICON - up 14.7%
A South Korean focused ecosystem token that aims to lay down an exceptionally wide footprint across industries. It's already seeing relatively quick uptake around South Korea, offering a range of solutions for different industries.
Disclosure: At the time of writing the author holds ETH, IOTA, ICX, VEN, XLM, BTC, NANO
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