Cryptocurrency markets: Top 10 coins with greatest 24-hour change 4 Jan 2018
IoT Chain, Stellar and Centra. 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. IoT Chain (ITC) +150%
IoT Chain, like Tron, is expected to be one of the big blockchain applications of China. ITC has only been trading since 26 December, and has since seen for the most part a roughly 20% rise in price each day. As exchanges and currencies start to get shut down in China, buyers will likely be looking for blockchain solutions such as IoT Chain that fit in with Chinese regulations that can take advantage of such a huge market.
2. Status (SNT) +81%
SNT was finally added to another big exchange, having been added to Bitfinex in the last few days, which has made it easier and more accessible for buyers. The price has shot up, probably because it faces more demand from greater exposure. This appears to be a common occurrence when a rising crypto which may have only originally been on small exchanges, gets added to one of the large ones.
3. Experience Points (XP) +77%
Just like Status, XP is neck and neck with RaiBlocks to become the next coin to be added to crypto exchange giant Binance. The last two coins to be added to Binance both have more than quadrupled their prices in two months from being added.
4. Stellar Lumen (XLM) +57%
Stellar's had an active week and a huge 30 days. Just since Christmas its price is up over 120%. IBM has announced it's using Stellar to develop a cross border payment system for big banks, allowing transactions between different currencies to settle in seconds, not days.
5. Centra (CTR) +50%
Despite its founders being exposed late last year for lying about partnerships, Centra still keeps rising. The platform promises the ability to use cryptocurrencies to purchase and pay for any item or service through a debit card. In the last few days, videos have been released from the company showing footage of someone making a cash withdrawal using a Centra card, which is why the price has most recently spiked.
6. NEM (XEM) +45%
It seems that everyone may be riding the NEM hype wave. It first got a spike a couple of weeks ago when a new wallet supporting Trezor was released and since then, as its rise up CoinMarketCap continued, so did the buyers. It's currently ranked 7th, and has overtaken Litecoin in market cap size in the last week.
7. Decentraland (MANA) +46%
Decentraland's goal is to be the blockchain for virtual reality. In the last month it has signed some big partnerships and has done quite a bit of press. As CES approaches next week, there are expected to be a lot more VR and AR applications shown off, with many of those supporting blockchain tech like Decentraland's.
8. BitBay (BAY) +42%
BitBay seems to be correcting itself after it got smashed in the last week. There have been no other major announcements or developments with the cryptocurrency which might push the price up.
9. Reddcoin (RDD) +40%
Reddcoin, like many others, has had a big update on news around the coin coming to a new exchange. In Reddcoin's case, the company behind it announced it will soon be on Altcoin Exchange and Binance.
10. Cardano (ADA) +36%
Cardano has had a huge month, and has finally broken the US$1 mark many didn't think was possible until at least the middle part of 2018. In the last week it has shot up up the rankings past Litecoin to now be the 5th largest coin based on market cap, sitting at a little over US$27 billion.