• The crypto market has been falling for about a week, however there are tokens that have managed to shine and rise by up to 13%.
• Biggest gainers include Zilliqa (ZIL), Render Token (RNDR), Memag (MEMAG), FGHT, CCHG, and TARO.
• ZIL is the first blockchain project to completely rely on sharding technology, while RNDR has climbed near 20% in 24 hours with a trading volume of over $256 million.
Biggest Crypto Gainers Today February 13
The crypto market has been falling for about a week now, with major coins reaching their critical support levels. But amidst this, there are a few tokens that have managed to shine, rising by up to 13%. Here are a few tokens that need your attention.
Zilliqa (ZIL)
Zilliqa is a blockchain-based platform that aims to improve scalability and security with the use of sharding technology. It was created in 2017 by Amrit Kumar and Xinshu Dong and the project held an initial coin offering in the year itself, raising over $22 million in ETH. The network’s main net went live in January 2019. Sharding is essentially a technology that divides a network into several interconnected blockchains or otherwise referred to as shards, each of which processes a fraction of a transaction. This allows the network to operate more effectively, by processing a larger number of transactions than other blockchains that execute smart contracts. Zilliqa uses its native token ZIL to pay for transactions, execute programs, and incentivise users who support the network. Scilla is the programming language of the network used to build smart contracts and decentralized applications for a variety of products and services. The company behind the project claims to be the first blockchain project to rely entirely on sharding technology to solve its scalability issues, and developers on the network claim it to be a thousand times faster than Ethereum’s network.
Render Token (RNDR)
Marking the day at a high of $1.68, RNDR managed to climb close
