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Highlights
- Bitcoin was down by 3.47%, Ethereum was well below US $4,000, Solana too was down by 6.97%.
- In the last two days, most cryptos have gone into the red zone.
Cryptocurrency market has been witnessing a flash crash of late. Although there have been recent bouts of rally, but the market hasn’t managed to kick off from the lows for the investors liking. Monday’s crash has been yet another classic case where the market sentiments have gone in the opposite direction from what investors had expected in the month of December. On Monday, Bitcoin was down by 3.47%, Ethereum was well below US$4,000. Solana was down by 6.97%. As per the recent trends, it won’t be wrong to say that in these two days, most cryptos have gone into the red zone.
But despite the lows, there are a few cryptos, mostly the newer ones, which have managed to outsmart the leading giants and provided viable investment options for the investors in the current volatile market.
Let’s look at 5 tokens, which have done well on the day of crisis.
- EOS Token
EOSIO (EOS) token is a designed to make the adoption of blockchain technology easier. Curated for developers of decentralized apps (DApps), EOS token primarily aims to ensure that the daily operations are done in a seamless manner. Developed by Daniel Larimer and Brendan Blumer, the EOS token operates on the proof-of-stake consensus. Thanks to its superior blockchain protocol, it allows the users to get voting rights and take decisions on the governance of the protocol.
Also read: Dogecoin rallies on Tesla announcement: Can DOGE hit $1 by 2021?
Coming to the market performance, EOS token enjoyed a decent run last week, which has spilled into this week as well. On Tuesday (14 December), it was one of the cryptos that was trading in green at US $3.34 with a 24-hour trading volume of US$1,650,548,779. It had a live market cap of US$3,257,193,327 and a circulating supply of 973,793,485 EOS coins as per CoinMarketCap.
- Moon Rocket Coin (MRC)
Moon Rocket Coin is a game changing deflationary token, which is used for data integration and standardization of blockchain technologies. Backed by a solid foundation, the MRC token is based and secured through proper measures and ensures features such as anti-whale function. Operating on the Binance Smart Chain blockchain, it aims to maximise the returns to the investors. Due to its varied and unique set of features, it is generating massive interest among the investors. On Tuesday, it was the biggest gainers in the cryptoverse.
The MRC token, which is ranked 3844, was registering gains up to 250% with a massive volume gain as well of 1950% at the time of writing. The MRC token was trading at US$0.005467 with a trading volume of US$233,083 over a day.
Also read: Will Bitcoin stay under US$50,000 as we enter 2022?
4 Crypto Tokens to Explore Amid Market Crash
- Minereum BSC (MNEB)
MNEB is perhaps the first and the only self-mining smart contract to the Binance Smart Chain (BSC) token, which allows the users to mine seamlessly. Launched in 2021, the MNED token doesn’t need complex mining equipment’s, and includes features like DEX, genesis addressing and fees sharing. Besides, it also involves a Lucky Draw experiment, through which the users can generate safe and random numbers on the blockchain.
The little-known token was one of the biggest gainers of the day as far as it registered a healthy 300% gains and volume gain by 380%. At the time of writing, it was trading at US$0.073232 with a 24-hour trading volume of US$125,235 as per CoinMarketCap.
- SYS
Syscoin Platform is a Layer-1 and Layer-2 blockchain solution, which aims to provide the cutting-edge applications all in one network. The main aim of the project is to ensure that the users get the best experience of both Bitcoin and Ethereum on one platform. The Syscoin platform ensures that it can provide a functional and scalable solution along with features such as custom notary API, NFTs etc.
The 139-ranked token was another one that investors can keep a close tab on especially following its gain by 4% gains and volume gain by 236%. At the time of writing, it was trading at US $0.733040 with a 24-hour trading volume of US $458,964,829 as per CoinMarketCap.
