Movers of the Day 7-Aug-2021

Tokens and coins that moved the most in the last 24 hours:

The day’s top movers are Casper and Tornado Cash, soaring 69.61% since 9 am.

As illustrated by an adjacent chart showing the  NWSBCT (Blue Chips) Index movement over the last 24 hours, the crypto markets ended in the green again. At the same timespan, the 2100NEWS Digital Assets Total Index (NWST1100), which measures 1100 (by market capitalization) major crypto assets’ performance, has soared 4.56%, Ether even 6.93%, and Bitcoin 3.14%.

To find out based on which criteria have been selected, please read the notes.

Tornado Cash (TORN)

Tornado Cash is a fixed supply ERC-20 token that is used for voting on protocol upgrades and fixes. Tornado Cash is a decentralized, non-custodial privacy solution built on Ethereum. It improves transaction privacy by breaking the on-chain link between the recipient and destination addresses. Tornado Cash uses a smart contract that accepts ETH and ERC-20 deposits. These deposits can be withdrawn by any on-chain address. Whenever an asset is withdrawn by the new address, there is no way to link the withdrawal to the deposit, ensuring asset privacy. Tornado Cash uses zero-knowledge proofs (zk-SNARKs) to achieve privacy. When a user decides to make a withdrawal, the user must provide proof that he or she possesses a secret corresponding to one of the smart contract’s list of deposits. zk-SNARK technology allows this proof to be verified without the user needing to reveal which exact deposit corresponds to their secret. The smart contract then checks the proof, and transfers deposited funds to the address specified by the withdrawal transaction. Any external observer is unable to determine which deposit this withdrawal is linked to.

The day’s top movers (at 9 am) are Alchemy Pay and Bitkan. Badger DAO has soared 54.16% since midnight. The crypto markets have risen. On the day, the 2100NEWS DA Indexes, which measure the performance of various groups of tokens and coins, reported gains between 2.06% and 3.37%. Over the last 24 hours, the 2100NEWS Digital Assets Total Index (NWST1100), which measures 1100 (by market capitalization) major crypto assets’ performance, has soared 5.54%, Ether even 6.38%, and Bitcoin 5.72%.

To find out based on which criteria have been selected, please read the notes.

Badger DAO (BADGER)

Badger is a decentralized autonomous organization (DAO) with a single purpose: build the products and infrastructure necessary to accelerate Bitcoin as collateral across other blockchains.

BitKan (KAN)

BitKan is a cryptocurrency data and blockchain community service provider. BITKAN currently provides price monitoring, news and information, mining monitoring, wallet, and other services for cryptocurrencies. Users can store cryptocurrencies simply, conveniently, and safely through the BITKAN app. At the same time, they can check the market price of cryptocurrencies of major exchanges in real-time, get timely and fresh industry information at home and abroad, and set up price reminders by the BITKAN app. And it has real-time mining monitoring, which allows you to master the running condition of the mining machine whenever and wherever possible.

Alchemy Pay (ACH)

Alchemy pioneered an all-in-one hybrid fiat and crypto payments system for businesses that can be deployed in any existing mainstream systems, be it offline (POS, payment terminals, mobile devices, etc.), online or in-app to accept payments via fiat mobile wallets, cryptocurrencies, and credit cards. The hybrid system leverages smart contracts to automate reconciliation and settlement processes to minimize human errors and eradicate fraud. Through strategic partnerships with industry leaders such as Shopify, Arcadier, and QFPay, Alchemy has access to over 2 million merchants. It has deployed its systems across 3000+ touchpoints, including renowned brands such as Aldo, Singapore’s Iconic Skybar Ce La Vi, Hong Kong mainboard listed Pricerite, and many more.