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Cryptocurrency markets: Top 5 winners and losers 7 March 2018

Posted: 7 March 2018 11:17 am
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cryptocurrency volatility bad

Prices are slumping across the board, but there are some bigger winners and losers.

Prices have dropped significantly across the board in the last 24 hours, but there are still a handful of gainers, and some especially big drops.

These are the top 5 of each at the time of writing, of the top 100 coins by market cap, according to CoinMarketCap. As always the rankings will probably have changed by the time you read this, so take the exact numbers with a grain of salt.



Winners

Going up.

1. Waltonchain – up 20.1%

This supply chain tracking IoT blockchain network has seen a sizeable jump in the last 24 hours, stepping from about US$20 to $28.50 in the space of three hours, before settling back to around $24.

It's still a far cry from its December all time highs of $40+, but marks the coin's highest price since the February crash.

2. VeChain – up 3%

Another coin that originated for supply chain solutions, but since branched out to financial services and aims for smart contract functionality, VeChain has been stepping up and down the price charts in a not-entirely-natural fashion for a while. Its prices are almost certainly being manipulated like a puppet on a string, and after an extensive downward push its manipulators might have decided to start walking it back up.

24-hour trade volume over the last month. Perfectly natural. Source

3. Iconomi – up 0.9%

A token that entitles one to invest in the Iconomi "digital asset arrays." These are like mini managed cryptocurrency portfolios, allowing for more diversity and putting money into a wider range of projects with minimal effort on the part of users.

4. USDT Tether – up 0.2%

A stablecoin that's simply making an appearance for lack of any other 24-hour gains.

5. n/a

It's all red from here.

Losers

Going down.

1. Electroneum – down 16.3%

A straightforward Monero fork without any particular functionality. It's distinguished by its connected mobile app, designed to "gamify" cryptocurrency mining and attract cryptocurrency beginners.

2. Factom – down 15.6%

A paper trail token that essentially functions as a record keeping system on top of a blockchain. It's designed to allow businesses to easily and automatically create a paper trail around transactions and other movements, for easy and efficient auditing.

3. Dent – down 15.4%

A blockchain based platform that functions as an open market for trading mobile phone data. It's already up and running, letting users buy mobile phone data with Dent tokens.

4. Kyber Network – down 15%

A decentralised exchange system with its own built in token, designed to facilitate trading between a range of digital and fiat currencies and other assets. It's seen significant gains in recent days with the launch of its beta decentralised marketplace, and the significant drop today might be the result of a price readjustment on top of an all around slump.

5. Loopring – down 14.8%

A decentralised exchange system that's designed to function across multiple other exchanges. Its most distinct feature might be the ability to automatically split individual trades into multiple parts, and work them across multiple different exchanges to automatically make an ideal trade across multiple platforms.


Disclosure: At the time of writing the author holds ETH, IOTA, ICX, VET, XLM, SALT, 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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