Cryptocurrency markets: Top 10 coins with the largest gains 20 March 2018
Explosive 24-hour gains of 50% or more are on the board today, with the crypto market in general trending upwards.
There's a lot of pumping in the cryptocurrency markets right now, with a slew of coins showing enormous 24-hour gains and then dropping quickly as traders cash in their profits. What goes up must come down, and based on the size of the gains, by the time you read this it seems likely that all of these coins will be showing substantial drop-offs.
Holding might have its merits for many projects, but the pumps and drops show that cryptocurrency is still very much a day trader's market.
These are the top 10 coins that have jumped in the last 24 hours at the time of writing, of the top 100 coins by market cap, according to CoinMarketCap.
1. Qtum – up 50%
A bitcoin-Ethereum style hybrid, intended to offer the applications and smart contracts of Ethereum and the robust network of bitcoin.
Despite the enormous price jump, it's still at an almost 40% 30-day loss, and only about a fifth of its all-time high price. Even after the inevitable readjustment following today's rise it might still a higher price floor than before.
2. EOS – up 30%
One among many "Ethereum killer" type coins that aims to directly compete with the platform by offering more scalable and user-friendly smart contracts. It's kind of like Cardano, but with more of a hippie all-natural vibe to its branding. Its recent price might be a combination of its anticipated move to mainnet, and its recently slumping price.
3. Dent – up 20.1%
A cryptocurrency designed to create a mobile data marketplace, letting people affordably buy data on demand from a wide range of providers in their area.
4. Dragonchain – up 19.8%
A business solutions blockchain, designed with a series of layers that can connect to public blockchains, run internally and generally allow a business a solid degree of control over their network.
5. Cardano – up 19.8%
One among many "Ethereum killer" type coins that aims to directly compete with the platform by offering more scalable and user-friendly smart contracts. It's kind of like EOS, but with more of a cold hard science vibe to its branding.
6. Kucoin Shares – up 17.5%
The native token of the Kucoin Exchange. It can be traded for other pairs around the platform, and when held gives its owners a fraction of fees paid on that platform. With large enough holdings and enough time it can turn into a sizable pile of a wide range of coins.
7. Factom – up 17.2%
A data layer that sits on top of blockchains, as a trackable layer that can be audited in line with existing industry standards.
8. ReddCoin – up 18.9%
A social coin designed for tipping on social media platforms like Reddit. Its ingenious PoSV staking system and well-thought-out initial distribution make it quite an interesting token in some ways, despite its extremely limited function.
9. MonaCoin – up 16%
Dogecoin for cat enthusiasts.
10. Pillar – up 15.7%
A combined wallet and ID system that aims to protect privacy and allow users the utmost control over their personal data.
Disclosure: At the time of writing the author holds ETH, IOTA, ICX, VEN, XLM, BTC, NANO
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