The crypto markets are in the green during this fine weekend. An event that has made so many traders joyous to the point of some having decided to go to Church and maybe join the choir (just kidding). Whatever is the cause of the green candles, it has touched on 4 favorites of Crypto traders. These coins are doing double digit gains in 24 hours. They are Cardano (ADA), Stellar (XLM), IOTA (MIOTA) and NEM (XEM).
In the case of Cardano, the coin has done an impressive 10.51% in gains and is currently trading at $0.2177. This is a welcome relief after the markets had been serious affected by a highly volatile Bitcoin last week. But with Bitcoin gaining, so is the rest of the coins and tokens. ADA enjoys a huge following of traders and HODLers who believe that once development of the platform is done, it will offer better smart contracts and advanced financial system on the blockchain.
Stellar (XLM) is also enjoying double digit gains. XLM is currently trading at $0.293 at the moment of writing this. It has done a cool 19.24% in 24 hours. This is quite impressive for a coin that does not enjoy the similar buzz and noise as compared to Ripple (XRP). Both projects aim at making banking and payments easier on the blockchain.
IOTA (MIOTA) seems to have come out of a long hibernation in the markets. It is currently trading at $1.65 and has done a major 22.41% gain in 24 hours. The speculation on the web, is that the much anticipated Trinity Wallet is close to completion in terms of development. This is welcome news for the fee-less platform of IOTA (with respect of transactions). This is one project that many people want to succeed for it could revolutionize the Internet of Things.
Nem (XEM) had only been mentioned yesterday in an article that dubbed it A Dark Horse that will stun the Crypto-verse in the coming days of 2018. It is currently doing 16.98% in gains and trading at $0.339. A Dark Horse is defined as a little-known person or thing that emerges to prominence, especially in a competition of some sort, or a contestant that seems unlikely to succeed
One thing to note is that all these coins are relatively well priced at values between $0.20 and $1.70. Even if a trader were to buy at the current highs, all the coin’s projects are promising and firing on all cylinders moving forward. This means if the price were to dip by double digits, you’d probably still profit at the end of the year.
Molly Jane is a Russian Literature major from California with a background in writing. She joins CurrencyTimes after working as a freelance journalist and blogger.