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Cryptocurrency: Top 10 coins with the largest gains 2 March 2018

Posted: 2 March 2018 11:23 am
News

Particl, Golem, Populous, SmartCash, Dragonchain, Iconomi, Nano, Dentacoin, Blocknet, Digibyte.

It was a relatively bearish day on the cryptocurrency markets yesterday, which, in the usual volatile crypto fashion, has translated into some larger-seeming gains today. These are them, showing the largest 24-hour gains at the time of writing, among the top 100 coins by market cap, according to CoinMarketCap.

As always, the exact numbers change hour to hour and will be out of date by the time you read this.



1. Particl – up 34.5%

A privacy-focused peer to peer marketplace, featuring encrypted messaging and confidential transfers. It's secured through proof of stake, allowing users to earn tokens by securing the network just by setting up their computer.

2. Golem – up 24.24%

A blockchain based decentralised computer platform. Users can securely share and monetise their computer's processing power through the network, via a system designed to automatically match requests as efficiently as possible.

3. Populous – up 22.82%

A blockchain system for decentralised P2P SME financing. It connects invoice buyers and sellers to provide a flexible and cost-effective cash flow solution for smaller businesses.

4. SmartCash – up 19.9%

A monetary cryptocurrency, focused on private transactions, easy adoption by merchants and decentralised community-driven development. It's based on the Zerocoin protocol which lets users refresh their coins for new ones without any transaction history.

5. Dragonchain – up 18.9%

Dragonchain was originally conceived by the Disney employees tasked with exploring the applications of blockchain technology in the company and pitched as a way of managing intellectual property rights. Disney gave it a pass, and it ended up in development as a standalone entity outside the company.

Now it aims to be a flexible business solutions blockchain system, with an emphasis on disrupting a wide range of small industries that can benefit from blockchain technology, but might not be large enough to pick up industry-specific solutions.

6. Iconomi – up 17.1%

A crypto investment platform that lets users buy into managed "Digital Asset Arrays". It's essentially a way of more easily investing in a diverse and managed cryptocurrency portfolio.

7. Nano – up 15.7%

This DAG based monetary token is simply designed for fast, fee-free transactions. Its unofficial slogan is "do one thing and do it well".

It's been on an impressive run lately, with 7-day gains of around 90%. The gains might have started with abruptly surging trade volume on 22 February, which was then bolstered by a quick wave of good news and good old fashioned FOMO.

8. Dentacoin – up 13.9%

It's one of the day's larger gainers, but it saw fairly sharp drops yesterday and suffers from poor liquidity and low trade volume that leads to abrupt swings.

This token is designed to be the one and only cryptocurrency for all things dental, but it's probably seen more use as a volatile asset for day trading than dental work.

9. Blocknet – up 13.3%

A decentralised, transparent cross-chain ecosystem, including a governance model, decentralised cross-chain exchange and a range of dapps. It's designed to allow easy staking by users or more intensive cross-chain mining for higher rewards.

It's seen relatively steady price growth over the last few days, minus the usual cryptocurrency spikes and troughs.

10. Digibyte – up 12.3%

An enigmatic monetary and payment type cryptocurrency. It uses a relatively fancy multi-layer blockchain system that facilitates five different mining algorithms, but has no technical whitepaper or concrete roadmap to go along with it.


Disclosure: At the time of writing the author holds ETH, IOTA, ICX, VEN, 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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