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Cryptocurrency: Top 10 coins with the largest gains 27 February

Posted: 27 February 2018 11:16 am
News

Prices are mostly growing around the cryptocurrency market, but some coins are enjoying larger gains.

In a market that's seen significant gains over the last 24 hours, a few coins are standing out for especially large gains. These are the top ten coins with the largest price gains in the last 24 hours at the time of writing, according to CoinMarketCap.

Bitcoin clocked in at number 11, with a rise of 7.4% .



1. Cryptonex – up 45.5%

A blockchain-based financial network that aims to connect all the world's fiat currencies with cryptocurrencies and tokens, and buy goods and services with mobile phones and payment cards.

Today's rise is the first main price recovery on a sharp drop on 24 February, and the percentage size of the gain might be largely due to the low 24-hour trade volume, and doesn't look entirely natural. 24-hour trade volume has been hovering around $160,000 the last few days, but spiked to a still-low approximately $500,000 with the price rise.

2. Golem – up 15%

This cryptocurrency aims to create a decentralised blockchain-based supercomputer network, safely used and monetised by its participants. Golem GNT is essentially a currency you earn by renting out computing power, and can spend to rent computing power.

3. NEO and GAS – up 14.9%

NEO is often called "China's Ethereum" due to its similarities with the number two coin. It's similarly focused on the creation and operation of smart contracts, but brings some additional features such as an easier programming language, and the paired GAS token which is used to operate smart contracts. GAS is paid to NEO holders as dividends, and is a traded token in its own right.

4. SingularityNET – up 13.8%

SingularityNET is following up the previous day's gains with more growth. This cryptocurrency aims to become the de-facto standard and ecosystem of artificial intelligence, operated through a distributed blockchain network.

5. Nebulas – up 12.3%

A decentralised search famework for blockchains, cataloging and letting users search blockchains, with results returned through an open source weighting algorithm.

6. Vertcoin – up 12.2%

A straight-forward monetary-style cryptocurrency without any particular features other than its ecosystem. Vertcoin is designed to remain decentralised and more egalitarian than other cryptocurrencies by remaining GPU-mineable. It's a few years old now though, and despite a widely distributed airdrop most of its wealth has since clustered in a small handful of wallets.

7. Nano – up 11.8%

Nano, formerly known as RaiBlocks, is a directed acrylic graph (DAG) style cryptocurrency. It gives each account its own blockchain, and the network ends up forming a kind of blockweb rather than a single blockchain. It doesn't do anything except carry monetary value while being transferred, but its DAG architecture allows for instant zero fee transfers and almost infinite scaling.

8. Qtum – up 11.8%

Qtum is a toolkit for the creation of smart contracts on existing blockchains. It combines bitcoin and Ethereum blockchain systems to work across both.

9. RChain – up 11.1%

RChain is a smart contract system with an emphasis on scalability, running its smart contracts off-chain to allow for industrial size smart contract applications without congesting the network.

10. Factom – up 10.7%

A distributed ledger system for business record keeping, creating a secure, auditable blockchain paper trail where needed.


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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Picture: Shutterstock

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

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