Cryptocurrency markets: Top 5 winners and losers 7 March 2018
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.
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.
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.
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.
A stablecoin that's simply making an appearance for lack of any other 24-hour gains.
It's all red from here.
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.
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.
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.
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.
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
- Ethereum price struggles despite positive data from derivatives markets
- Bitcoin price tumbles as Evergrande news causes global financial panic
- What is crypto Dollar-Cost Averaging? DCA explained
- Bitcoin is gearing up for something big, as record amounts of BTC leave exchanges
- Ethereum price crashes as so-called killers continue to muster investor support