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About a dozen cryptocurrencies reported double-digit earnings on Sunday in the wake of another steep selloff that brought coin values to their lowest in over a year. The cryptography market as a whole is falling by almost $ 100 billion compared to the levels a month ago, leaving little doubt about the direction of the underlying trend.
Below is a brief summary of the best performances of the day, as per CoinMarketCap. It remains to be seen whether the last rally attempt is simply a rebound from a dead cat or the start of a more sustained recovery from oversold levels.
DEX
In terms of the top gainer, no other currency outperformed the InstantDEX (DEX) on Sunday. The value of the currency has fluctuated in the last two days and is currently earning a gain of 87% in the last 24 hours. At the last check, just over $ 0.02 was valued on commercial volumes of less than $ 30,000.
InstantDEX is a decentralized exchange that claims to offer "almost real-time trading between cryptocurrencies". The currency is classified at 95 ° from the market capitalization but does not have a presence on the web. His spot market is dominated by Coinbit.
aelf
Aelf (ELF) is another relatively low-level cryptocurrency that outperforms the Sunday market. The ELF currency has gained 18.3% in the last 24 hours to reach $ 0.1244. The currency is available on some of the best exchanges in the world, including Bithumb, Binance, Huobi and Upbit. Daily trading volumes exceed $ 6.3 million on Sunday.
Aelf is a decentralized cloud-powered blockchain network. It manages the complete nodes on the cloud servers and gives priority to the segregation of resources, which means that each intelligent contract is executed on a separate blockchain.
EOS
After falling until no. 8 in the market rankings, EOS rebounded abruptly on Sunday to resume the no. 7 points away from the bitcoin SV. With a market capitalization of $ 1.87 billion, EOS is winning Tether less than $ 15 million and bitcoin money of about $ 70 million.
EOS earned 17.8% on Sunday to reach $ 2.07. The project suffered heavy losses during the last week, although Coinbase announced that it has a short list for future considerations. Surely EOS has not been immune from the downward trend, having lost the incredible peak of 72% in the last month.
MaidSafeCoin
The 55th-ranked MaidSafeCoin (MAID) rose 17.1% on Sunday to $ 0.01601, which helped offset the crisis last week. MAID is one of the few coins to record earnings in the last week. In comparison, non-stablecoin in the top-20 lost between 4% and 36%.
MAID is the decentralized currency for the Safecoin network, which seeks to provide a sharing economy for digital resources such as disk space, processing power and connectivity. According to the official website, the project was born before the blockchain revolution.
Bytom
The price of Bytom (BTM), a Chinese tokenisation project, rose by 14% to $ 0.07614 on Sunday. The project is ranked 52nd by market capitalization with a total value of $ 76.4 million and daily trading volumes of around $ 2.5 million.
At this time last month, the BTM token was trading close to $ 0.0200. The currency has lost 60% on that stretch.
Unlike many of the projects launched in 2017, Bytom has a clear and ambitious roadmap, which includes important milestones for the ecosystem and business in the new year. As the website states, the Bytom chain can host "peer-to-peer financial applications and asset applications", including institutions and individuals.
Disclaimer: The author owns bitcoin, Ethereum and other cryptocurrencies. It holds investment positions in the currencies, but does not carry out trading activities in the short term or daily.
Featured image courtesy of Shutterstock.
