Cryptocurrency: Top 10 coins with the largest gains 6 March
A range of other altcoins are surging despite relatively flat prices in the top 20 by market cap.
These are the top 10 coins with the largest gains in the last 24 hours at the time of writing, of the top 100 by market cap, according to CoinMarketCap.
Meet the gainers and see what they aim to do.
1. Particl – up 15%
A platform to allow privacy on existing blockchains and for existing cryptocurrencies. It's secured by Particl stakers who collect a portion of the fees accrued through the network.
2. Zilliqa – up 12.7%
A blockchain system focused on exceptional scaling, built-in sharding and practical application of complex commercial smart contracts. Its price increase is likely due to its recent Binance listing.
3. Waltonchain – up 11.8%
An Internet of Things (IoT) and supply chain system characterised by having its own RFID trackers to interact with its blockchain. The recent price increase might be the continuation of a bounce-back following an unfortunate, and avoidable, Twitter mishap.
4. Kyber Network – up 11.6%
A decentralised exchange system with its own native token. It aims to eventually allow trading of almost any kind of pair on a decentralised exchange system. The ongoing price increase might be the result of a successful beta launch of the exchange itself.
5. Golem – up 11.4%
A decentralised computer network token, designed to allow the secure use and monetisation of computers of all kinds attached to the network. It was borne of the principal that supercomputers are essential for certain complex computations, but are going to waste without being constantly in use. This system aims to let the owners monetise them when not otherwise being used and to allow other network participants to cost-effectively access its power when needed.
6. Bytom – up 10.4%
A system for digitising assets of any kind, such as bonds, warrants, intelligence information, predictions or just cryptocurrency itself, and then interfacing with them in different ways on the Bytom blockchain system.
7. Status – up 10.2%
Status is a messaging platform and mobile phone app designed to let users interface directly with the Ethereum blockchain ecosystem on their smartphones.
8. Emercoin – up 9.9%
A distributed general purpose blockchain system, based on bitcoin but tweaked for hybrid proof-of-stake and proof-of-work mining. It allows for a wider variety of transactions (communicating information other than bitcoin transfers on a bitcoin-like blockchain) to let organisations get the benefits of a decentralised blockchain system. It's designed for straightforwardness and reliability, and cannot host smart contracts.
9. Bytecoin – up 6.9%
An anonymous monetary style cryptocurrency that dates back to 2012.
10. Nexus – up 6.7%
Nexus' most characteristic feature might be its 3D blockchain architecture, using three consensus channels and a system of weighting transactions by priority to increase scalability. It aims to be a quantum resistant (cannot be hacked by quantum computers) system, and is ambitiously partnering with a "nanosatellite" company, Vector Space Systems, to create its own worldwide distributed network in space and on the ground.
Disclosure: At the time of writing the author holds ETH, IOTA, ICX, VEN, XLM, SALT, BTC, NANO
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Picture: Shutterstock
