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Cryptocurrency: Top 5 gains and losses 9 March 2018

Posted: 9 March 2018 11:31 am

cryptocurrency fluctuations lead

Cryptocurrency's biggest winners and losers today.

The cryptocurrency markets are mostly looking down, but with a few gainers among them. These are the top 5 gains and losses over the last 24 hours at the time of writing, of the top 100 coins by market cap, according to CoinMarketCap.

1. SIRIN LABS token – up 16.9%

This is fairly different to most tokens. It's relatively featureless, but will eventually allow people to buy SIRIN products at a discounted rate. Specifically their smartphone and PC. Both aim to be the first phone and PC built from scratch to operate on blockchain systems. The SIRIN smartphone will come preloaded with Status Network, while the PC is designed to allow for blockchain cloud computing through a Golem-like system.

If everything goes to plan, it eventually aims to operate them on the IOTA tangle.

2. NEM – up 14.1%

NEM is a popular general purpose blockchain system that aims to allow for a wide range of functions and applications, with an emphasis on digitising a range of different assets.

3. Loopring – up 6.4%

A decentralised exchange protocol that aims to allow for automated fragmenting of trades across multiple platforms to get significantly better prices.

4. Genesis Vision – up 4.8%

A decentralised network of traders, brokers, exchanges and investors. It aims to create a global network of, ideally, every single one on the planet.

5. Ethereum Classic – up 2%

A smart contract platform like Ethereum, but without the full size ecosystem, and with different developers and a different ideology.

1. DigixDAO – down 20.4%

A gold-backed paired stablecoin system. One token is backed by gold collateral and used for governance, the other is stabilised and pegged to US$1.

2. IOStoken – down 19%

A general purpose blockchain system designed for high scalability and security.

3. Monero – down 17.7%

One of the best known privacy coins, allowing completely anonymous transactions that don't appear on the ledger and cannot be tracked. Also a favourite of cryptojackers and North Korea thanks to its anonymity plus GPU-minability and an ASIC-resistant mining algorithm.

4. Nano – down 17.5%

A purely monetary token, purely for extremely fast zero fee transcations.

5. Iconomi – down 17%

A platform that allows its users to invest in "digital asset arrays", which are like miniature managed cryptocurrency portfolios.

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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