Cryptocurrencies backing the top five smart contract platforms have outperformed Bitcoin (BTC) in the trailing 24-hour period at press time, according to data from Messari.
Bitcoin, the world's apex cryptocurrency in terms of market capitalization, traded up 1% at $33,510.13 at press time. BTC had earlier crossed the $34,000 on its twelfth genesis block day.
The smart contract platforms outperforming it included Ethereum (ETH), Polkadot (DOT), Cardano (ADA), EOS (EOS), TRON (TRX).
ETH traded 31.32% higher at $1,030.44 at press time. DOT was up 13.8% at $10.42.
ADA traded 28.5% higher at $0.23, while Tron was up 14.55% at $0.03.
Smart contracts —a concept developed by cryptographer Nick Szabo— enable blockchain’s use-case beyond digital assets by automatically allowing the execution of the terms of a contract without requiring an intermediary.
The smart contract platforms — in particular, Ethereum — had also seen heightened interest during the 2017-2018 rally.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
