Starting today, I would try to cover those cryptocurrencies that gained more than 15% in last 24h as per CoinmarketCap, as of that day, with as much information as possible on the reasons behind those gains.
At the time of writing, there were 6 cryptocurrencies that made it to the list today
Revain is a new generation feedback platform, mostly based on the blockchain technology that doesn’t allow to change or delete reviews and its authors get a reward for creating it. Revain Coin is primarily trading on Bitflip, BTC-Alpha and Cryptopia with most of the volumes. The reasons for gain could be attributed to a press release about the launch of Ver 0.4 of the platform yesterday.
Ignis is an Airdrop of NXT and is a child chain of Ardor which is a platform that allows the simultaneous existence of multiple blockchains, known as child chains, with many features and with their security guaranteed on a global level by the parent Ardor chain. Trading primarily on Bitcoin Indonesia starting 30-Jan, this coin is getting added on Bittrex along with a lot of pump from the community associated with Ardor, which perhaps explains the price rise.
— GlobalInvestor (@Globalnvest_) January 30, 2018
Gas is the sibbling of NEO and is the cryptographic currency that drives the NEO platform basically. The NEO token is representative of shares in the Neo market, and cannot be divided. NEO holders get voting rights in the NEO ecosystem as well as rights to dividends in the form of GAS. The price rise is completely attributable to the interest both NEO and GAS are getting due to Developer Conference starting today in San Francisco
Pillar claims to be building the world’s best cryptocurrency and token wallet that will become the dashboard for your digital life. Majority of the volumes coming from Cryptopia and the reason for this rise could be their participation and evangelizing activities at recent event BCGateway in Europe.
— PillarProject.io (@pillarwallet) January 27, 2018
Smartcash is a community governance, cooperation & growth focused blockchain based currency & a decentralized economy. Traded on Cryptobridge and HitBTC, the volumes are not really substantial and the reasons for the upside are not very clear as there are no major announcements on their website or social channels.
WAX is a decentralized platform that enables anyone to operate a fully functioning virtual marketplace with zero investment in security, infrastructure, or payment processing. Trading volumes are driven by Huobi and HitBTC. There is an important update released by the WAX team around the WAX Token launch on Huobi.pro which created confusion for both Huobi.pro users and WAX Token holders. The token prices dropped from a dollar to about 40 cents before the clarification came in.
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