In the current bull market, meme coins have been receiving the most attention from investors, but that doesn’t mean other cryptocurrencies aren’t performing well. There are several cryptocurrencies with real-world utilities that are also seeing significant gains. Let’s take a look at the top 5 crypto coins that have experienced the highest gains in the last 24 hours.
eCash (XEC)
Leading our list is eCash, which has surged by 12.68% in the last 24 hours and currently holds a market cap of $116 million. Trading at $0.00003978, eCash has seen a remarkable 1494.89% increase in its trading volume.
For those unfamiliar with eCash or XEC, it is a rebranded version of Bitcoin Cash ABC, which is a fork of Bitcoin Cash with ties to Bitcoin. It utilizes a proof-of-stake consensus layer known as Avalanche, not to be confused with the Avalanche Blockchain.
JasmyCoin (JASMY)
Launched in 2021, Jasmy has reached an all-time high of $4.29 but is currently trading at $0.03183, 97% below its ATH. With a 23% increase in trading volume in the last 24 hours, this cryptocurrency now boasts a market cap of $1.5 billion.
What sets this project apart is its affiliation with a Tokyo-based IoT provider. As technology advances, everything from smartwatches to refrigerators falls under IoT as they connect to the internet and can transmit data.
Kaspa
Kaspa, or KAS, is a proof-of-work cryptocurrency that differs from others in its category. Unlike other POS cryptocurrencies that orphan parallel blocks, this project allows them to coexist using the GHOSTDAG protocol. Trading at $0.1889, Kaspa has seen a 4.14% increase in market cap with a 182% rise in trading volume in the last 24 hours.
Bitcoin Cash (BCH)
Originating from Bitcoin in 2017, BCH maintains the original protocol to function as a peer-to-peer electronic cash system. Created through a split in the Bitcoin blockchain due to disagreements within the Bitcoin community over the SegWit upgrade in 2017.
Currently priced at $392.84, BCH has experienced a 4.54% increase in the last 24 hours. With a maximum supply of 21 million coins and a circulating supply of 19.73 million coins, BCH remains rooted in Bitcoin’s core principles.
BitTorrent (BTT)
Lastly, we have BitTorrent, owned by Tron, a popular peer-to-peer file-sharing platform established in 2001 and acquired by Tron blockchain in 2018. It is touted as the largest decentralized p2p communication protocol. With a 27.48% rise in trading volume in the last 24 hours, BTT is now trading at $0.0508980.
Closing thoughts
The cryptocurrency market is constantly changing and evolving, with numerous tokens available for investment. It is crucial for investors to conduct thorough research before making any financial decisions. While some cryptocurrencies may experience significant price surges, it is wise to invest in tokens that have real-world utility and can make a tangible impact beyond the virtual realm.
Also Read: Shiba Inu’s Secret Weapon: Why SHIB Will Explode in 2024!
