Cryptocurrency markets: Top 10 coins with greatest 24-hour change 8 Jan 2018
Dentacoin, BLOCKv and ICON – here are all the biggest crypto movers over the last 24 hours.
While 2017 was the year of bitcoin, it's looking like 2018 will be the year of the altcoin as other currencies begin to be noticed off the back of bitcoin's hype.
These are the biggest movers over the last day.
1. Dentacoin (DCN) +154%
The cryptocurrency for the dental industry has had a big week, particularly over the last 24 hours. Its market cap is now over US$1.67 billion, but you will need to decide if it is showing all the classic signs of a pump and dump: a super low price to entry, a big circulation and a quick three-digit spike.
Particularly since the members of its /r/Dentacoin subreddit are all talking about how they're going to hold for another couple of days and then dump. In fact, it has already started to dip again.
2. BLOCKv (VEE) +39%
BLOCKv was just listed on the OKEx exchange, the fifth largest exchange based on volume, bringing it massive exposure. OXEx does not allow US traders, so some traders may be getting in and then waiting for another exchange that allows US trading to pop up with it.
A few high-profile crypto personalities such as Ran Neuner, the host of CNBC's crypto show, have been bullish on the tech too, claiming it's a "screaming buy" that has potential in real-world cases.
On a high level, BLOCKv wants to offer the ability to turn coupons, discounts on goods, etc into digital assets. You can either redeem the coupon or discount in the app or digitally trade it. The blockchain allows single use, so discounts and coupons themselves have value as they can't be copied.
3. ETHLend (LEND) +32%
The peer-to-peer lending platform has seen a decent spike after it featured heavily across exchange Coinspot's Facebook page as they look to soon be listed on the exchange. That exposure has also highlighted the achievements the Estonian company has made recently, including launching its fiat-based loans at the end of 2017.
4. Populous (PPT) +30%
You will need to decide if this is another classic pump and dump. A big trading group is involved with this token but the price has already started to fall.
5. Kyber Network (KNC) +30%
Kyber's price has gone up massively in the last 24 hours thanks to its team announcing its first major project update for the year. It also has Ethereum founder Vitalik Buterin as a major adviser.
6. ICON (ICX) +25%
Data analyst and crypto multi-millionaire Peter Saddington has recently issued a US$100 price target for ICON, giving it essentially a 20x return on investment on the roughly US$5 price it was sitting at the time of his tweet.
7. OmiseGO (OMG) +21%
OmiseGo finally has its MVP running and was live on Saturday. The price has increased since this event.
8. KuCoin Shares (KCS) +20%
KuCoin is one of the rising exchanges and has added a few decent coins in the last week, one of them being the rising RaiBlocks, making it currently the largest exchange with the currency.
9. aelf (ELF) +20%
aelf has been rising by about 20% every day after its token distribution about two weeks ago. It also got a bit of a bump when it was added to the exchange Gate.io a few days ago.
10. Zcash +20%
Popular crypto site Hacked.com gave a big trade recommendation for Zcash two days ago, resulting in a moderate pump.