20 Jan What Is MonaCoin, Nebulas, and VeChain? All Major Gainers Today
Towards the end of this week, the cryptocurrency market began slowly climbing back from its hole made days prior.
Between Monday and Wednesday of this week, the market dropped almost $300 billion, due to various events. Many new investors, not ever really seeing a market correction, began panic selling which further caused the sharp decline on the 17th. All cryptocurrencies’ have begun making a comeback consistently but some have made significantly stronger presences.
MonaCoin coin is the first Japanese specific cryptocurrency and is widely popular among the community. The team has created a culture around the MonaCoin and is the most widely used coin in Japan. The transaction time on the underlying blockchain is 1.5 minutes and miners are rewarded 25 MONA for verifying the block and adding it to the chain.
A Japanese website “monappy” supports the cryptocurrency, which allows users to send these coins to each other while playing online games. It also provides a feature that contributors can upload self-painted pictures which are rated with small donations of MonaCoins. The Monappy platform offers an online shop in which users can offer or buy real products using the cryptocurrency. It serves as both a wallet and a platform, not needing to download an external wallet alleviating a major concern for most.
Currently, the cryptocurrency is in the top gainers in today’s market selling at $8.57 a coin, up 39.27%, in 24 hours.
You can trade for the MONA on Bittrex, Livecoin, Bitbank, Bleutrade, ABwang, and Zaif.
Nebulas was founded back in June of 2017, by Hitters Xu, an ex-Google (NASDAQ:GOOGL) employee in the Anti-Fraud team. Nebulas aims to address the current challenges within the blockchain community of measure of value, self-evolving capability, and healthy ecosystem development. Its team has created a framework to address the issues including Nebulas Rank (NR), Nebulas Force (NF), Developer Incentive Protocol (DIP, and Proof of Devotion (PoD).
It concluded it’s ICO mid-December 2017 and raised $60 million USD, in tokens sold. It launched its test net of its search engine for decentralized applications in Q4 of 2017 and is anticipated to release its main net online this quarter.
As the ramp up to the main net being put online, the coin is gaining some major speed. Currently, the nebulas team holds offices all around the world including San Francisco, Beijing, Suzhou, Singapore, and Shanghai.
At press time, the NAS coin is up 52.83%, selling at $12.68 a coin. Its total circulating supply is 35,500,000 NAS and can be traded for on gate.io.
VeChain, like most products on the cryptocurrency market, aims to build a trust-free and distributed business ecosystem. However, it currently holds three products developed on the blockchain which each focus on entirely different markets. It’s currently in the supply chain industry, which has already become a huge industry for blockchain technology. PricewaterhouseCoopers currently uses the second product and uses it for “third-party services.” Lastly, VeChain is involved in Liaoning Academy of Agricultural Sciences’ distributed data storage.
VeChain is about to go through a huge rebranding and will be called VeChain Thor Blockchain with its VEN tokens, going to be converted to VET tokens. The team will also roll out a proof-of-authority consensus model to make sure its future developments are completely aligned with the vision of the VeChain foundation.
Currently, VEN is being sold at $7.86 a coin, up 38.71% in 24 hours.
You can trade for the digital token on Binance, Huobi, Kucoin, Gate, Hitbtc and Liqui.
As cryptocurrencies make their way back, many of these smaller altcoin projects have begun to shine through. Many are searching for the latest project to take off and it is always advised to do research before investing in any coin. There are many alternative coins, below the top ten on the market, that are currently above 20% gains on the market including EOS (EOS), Loopring (LRC), Augur (REP), Chainlink (LINK) and Icon (ICX).
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