Cryptocurrency: Top 10 coins with the largest gains 26 February
With prices going across the board, some coins are standing out with gains of up to 20% in 24 hours.
A lot of coins are heading up, but some are naturally growing a lot quicker than others. These are the top ten cryptocurrencies, of the top 100 by market cap, with the greatest price increase in the last 24 hours at the time of writing.
1. Electroneum – up 20%
Electroneum was a Monero fork designed around a mobile app that lets beginners try mining on a user-friendly platform. However, the actual value of mining from one's phone is limited. It's a pure transaction coin without any special features other than the mobile focus. The recent price increase might have been due to its appearance at the Mobile World Congress from 26 February to 1 March.
2. DigixDAO – up 12.5%
This gold-backed paired stablecoin system tends to be one of the more volatile cryptocurrencies on the market and today is no exception. It's still shy of its 2 February US$480 all-time high, although at around $412 this is as close as it's been since then.
3. DENT – up 12.5%
Another coin appearing at the Mobile World Congress, DENT is designed to allow the buying and selling of mobile data in an open market through a blockchain system.
4. WAX – up 11.2%
An open market with its own cryptocurrency, WAX is designed to enable the secure buying and selling of digital assets with an emphasis on video game items.
5. SingularityNET – up 10.6%
A system that aims to become a standard in artificial intelligence systems, allowing for the monetisation, and buying and selling at scale, of artificial intelligence.
6. Aion – up 9%
A cross-chain system that's designed to offer interoperability, scalability and privacy across many other existing blockchains.
7. 0x – up 8.2%
This Ethereum-based token is designed to facilitate the creation of decentralised ERC20 exchanges, and allow for easier trading on them. It includes its own governance structure to balance development in line with the needs of different market players, built-in scaling solutions and standardised APIs and programming languages for ease of interoperability and development.
8. Factom – up 7.5%
Factom is a distributed blockchain system for business record-keeping, offering a secure and auditable paper trail for digital records of all kinds.
9. Cardano – up 6.8%
The Cardano system aims to become an all-in-one blockchain solution with a multi-blockchain layer designed to offer built-in scalability through separation of the settlement (ADA token) layer and computing (smart contract) systems.
10. VeChain – up 6.8%
VeChain was initially envisioned as a logistics blockchain solution with a focus on counterfeit-prevention and tracking. After quick development and a series of high profile partnerships, it's also developed to start offering smart contract solutions and financial services applications, and will rebrand to VeChain Thor accordingly. This much anticipated rebrand may be driving its recent price increases.
Disclosure: At the time of writing the author holds ETH, IOTA, ICX, VET, XLM, SALT, BTC