Arbitrage (ARB), Dragonchain (DRGN), Cindicator (CND), Status (SNT), and CyberMiles (CMT) are leading the cryptocurrency market in terms of gains in the past 24 hours. Here’s what you need to know about these five cryptocurrencies.
Arbitrage is in an investment strategy when you profit from inconsistencies in a market. In other words, it’s when you buy low and sell high.
Theoretically, this is how Arbitrage (ARB) operates. Arbitrage is software allows users to profit from price differences by using Arbitrage (ARB) token. It facilitates buying on one exchange, transferring and selling on another.
Arbitrage (ARB) has seen a steady increase over the past month.
Dragonchain (DRGN) is both a cryptocurrency and a public/private hybrid blockchain. It was created by Disney but has since become public. Dragonchain (DRGN) celebrated its second anniversary earlier this month, hitting a market cap of $52.93M in late October.
Recently, Dragonchain (DRGN) made headlines for hitting a one-day trade volume of over $8 million. Over the past 24 hours, its price has increased by more than 9%.
Cindicator (CND) is a collective intelligence platform. In other words, Cindicator (CND) users answer daily question and make predictions about the cryptocurrency. The Collective Intelligence Platform then uses the prediction to create trading signals in combination with artificial intelligence.
The cryptocurrency has fluctuated in price over the past week, though it has increased steadily over the past 24 hours.
Status (SNT) is also known as The Status Network Token. It is a utility token that fuels the network. Additionally, it is a messaging platform and mobile browser that is a gateway to Ethereum applications. Built on the Ethereum blockchain, Status (SNT) is a unique token which allows users to interact with dApps.
Status (SNT) has experienced growth over the last week with the exception of a dip on October 29. As of now, SNT is up 8.39% in the last 24 hours. SNT is showing positive signs of future gains amidst a decline in Bitcoin price that has pulled altcoins down with it.
CyberMiles (CMT) has been a hot topic for the past month. CMT is a blockchain aimed at creating a decentralized commerce platform. The native token, CyberMiles (CMT), is recently gaining support from large crypto exchanges such as Binance which listed the crypto last month.
CyberMiles (CMT) announced the launch of MainNet, which allowed it to operate an autonomous blockchain network. This Means that CMT is splitting from Ethereum blockchain to become its own network.
CMT has increased 8.22% over the last 24 hours.