The 5 hottest cryptocurrencies currently causing a stir!

In this bull season, meme coins have attracted the most attention from investors. This does not mean that other cryptocurrencies are not doing well. There are many cryptocurrencies with various real-world utility that are on the way up. Let’s see the top 5 cryptocurrencies with the highest gains in the last 24 hours.

eCash (XEC)

The top spot in our list is taken by eCash. It has risen by 12.68% in the last 24 hours and holds the position with a market capitalization of $116 million. Currently, eCash is trading at a price of $0.00003978, its trading volume is up by 1494.89%.

For those who don’t know eCash or XEC, this is a rebranded version of Bitcoin Cash ABC, a fork of Bitcoin Cash and the legacy of Bitcoin. It uses a proof-of-stake consensus layer called Avalanche. It has nothing to do with the Avalanche blockchain.

JasmyCoin (JASMY)

Jasmy was launched in 2021 and reached an all-time high of $4.29 but is currently trading at $0.03183, 97% below its ATH. In the last 24 hours, trading volume has increased by 23% and this cryptocurrency has a market cap of $1.5 billion.

You may be wondering what is good about this project. Well, this cryptocurrency is owned by a Tokyo-based IOT provider. With the advancement of technology, everything from smartwatches to refrigerators is an IOT as it is connected to the internet and can transmit data.

Caspa

Kaspa or KAS is a proof-of-work cryptocurrency that is very different from other cryptocurrencies of the same type. Unlike other POS cryptocurrencies such as Bitcoin, which leave the parallel blocks orphaned, this project allows them to coexist. To carry out this action, this cryptocurrency implements the GHOSTDAG protocol. Currently, it is trading at $0.1889, its trading volume has increased by 182% in the last 24 hours, which represents a 4.14% increase in its market capitalization.

Bitcoin Cash (BCH)

BCH emerged from Bitcoin in 2017 and still follows the original protocol to remain a peer-to-peer electronic cash system. Bitcoin Cash was created by splitting the Bitcoin blockchain through certain changes. It is the result of disagreements in the Bitcoin community over the SegWit upgrade that took place in 2017.

BCH is currently trading at a price of $392.84, representing a price increase of 4.54% in the last 24 hours. As the core of Bitcoin, BCH has a maximum supply of 21 million coins and a circulating supply of 19.73 million coins.

BitTorrent (BT)

Last on our list is Tron-owned BitTorrent, a popular peer-to-peer file sharing platform. It was released in 2001 and purchased by the Tron blockchain in 2018. According to its documentation, it is currently the largest decentralized P2P communication protocol. With a 27.48% increase in trading volume over the last 24 hours, BTT is now trading at a price of $0.0.₅08980.

Final thoughts

The crypto world is an ever-changing and evolving space and there are millions of tokens available to buy. However, it is the duty of investors to do due diligence before making any financial decision. There are many cryptocurrencies with no real use case or utility in the real world and they might see a huge surge at times. It is always a smart decision to invest in tokens that can actually make an impact in the real world and not just the virtual one.

Also read: Shiba Inu’s Secret Weapon: Why SHIB Will Explode in 2024!