If you own any cryptocurrency, you have certainly noticed that the entire market is in an upswing. After a few days of some serious turmoil, with top coins sinking into the double digits, things are starting to turnaround. Some of the most popular coins are making impressive gains today. Bitcoin (BTC) and Ethereum (ETH), for instance, are trading 15% and 20% higher, respectively, compared to a day ago. But popular altcoins are having an even better day. Currencies like Verge (XVG) are producing some major gains today.
Let’s explore, shall we?
Verge (XVG) – The Underdog Altcoin that’s all about Anonymity
Over the last week or so, Verge (XVG) has slipped from being in 22nd place (in terms of crypto coins with the highest market value) to 27th place just an hour ago. In the past hour, it has jumped to 24th place. Nevertheless, this cryptocurrency is on the rise today. Compared to its trading price 24 hours ago, Verge is up 55%, and sitting at $0.113.
It’s looking like Verge (XVG) is on its way back toward the $0.20 mark. It hasn’t been able to trade above 20 cents since January 9th. Anxious XVG owners are waiting around for it to peak again. Perhaps this time, it will be above 30 cents!
This coin has some impressive technology backing it up, after all. Verge (XVG) is all about privacy – its transactions are completely untraceable. They also just released a new feature, called the Wraith Protocol. It allows users to choose whether they want each individual fund transfer to be anonymous or be put on the public ledger. It gives users access to on-demand privacy with just the flip of a switch.
It’s also one of our favorite cryptocurrencies this year – especially after the growth story that it has demonstrated in recent months.
Online Marketing disruptor AdShares (ADST) is up 160%
This coin is hard to be missed. It is making some serious price gains today, but looking back further shows even more success. Compared to its price a month ago, AdShares (ADST) is trading 160% higher.
This blockchain-based system is trying to be a solution to what it sees as a number of negative trends in the digital marketing world. There is not enough transparency. On top of that, intermediaries are charging inflated fees and centralization allows big players to have too much censorship power.
In comes AdShares (ADST). It’s a decentralized marketplace that enable programmatic advertising. Advertisers and the publishers they pay can make deals directly, using the AdShares (ADST) crypto coin.
What makes this coin so cool is that the fees collected – which are low. The transaction fee is a flat 0.1%. Those fees, by the way, are getting PAID BACK to ADST owners. It’s sort of like a dividend payment.
This is probably the most promising ad-focused cryptocurrency on the market right now.
KuCoin Shares (KCS), the Official Currency of KuCoin Exchange
We talked about this coin a few days ago, and it is one of the coins making impressive double-digit gains today. At the time of writing, KuCoin Shares (KCS) are trading about 40% higher than they were 24 hours ago.
KuCoin is a cryptocurrency exchange headquartered in Hong Kong, and it has skyrocketed to be one of the top exchanges when it comes to trade volumes per day. For being such a new exchange on the scene, that’s quite stunning.
This exchange has a similar history to Binance – it was launched and got super popular very quickly. They also both have their own native coins that are each integrated into the trading system, but in very different ways.
Binance’s currency, the Binance Coin (BNB), gives its users 50% off trading fees when they pay for the fees with BNB. In the past month, Binance Coin has gained 143% in value.
KuCoin Shares (KCS) take the exchange cryptocurrency to a whole new level. With this cryptocurrency, half of the trading fees that the exchange collects during its daily operations gets passed on to KCS owners. It’s kind of like a dividend payment – but this exchange pays you based directly on how much trading is happening on the exchange. If KuCoin exchange wins, everyone wins.
Do you trade on KuCoin?
Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency.