Cryptocurrency markets bounce back: Top 10 largest gains 19 March 2018

Posted: 19 March 2018 12:32 pm
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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%

A system for simple peer to peer smart contract-enforced conditional payments.

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%

A purely monetary-style cryptocurrency for anonymous, private payments.

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

Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade. Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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