Movers of the Day 23-Mar-2023

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

The day’s top movers are Mask Network and TomoChain, rising by 11.50% since 7 pm.

As illustrated by an adjacent chart showing the NWSBCT (Blue Chips) Index movement over the last 24 hours, the crypto markets have soared. Since 7 pm, the 2100NEWS Indices, which measure the performance of various groups of tokens and coins, reported losses between -0.16% and -1.08%. Over the last 24 hours, the 2100NEWS Total Index (NWST1100), which measures 1100 significant (by market capitalization) crypto assets’ performance, has soared 3.75%, Bitcoin 3.89%, and Ether even 4.78%.

Please read the notes to find out which criteria have been selected.

TomoChain (TOMO)

TomoChain is an innovative solution to the scalability problem with the Ethereum blockchain in particular and with all current blockchain networks in general. TomoChain plans to support horizontal scaling by adding more second-layer blockchains with good performance integrated with the Ethereum network for backup and atomic cross-chain transfer.

In the afternoon, the crypto markets went up significantly. The top movers of the day at 19:10 are Mask Network and Radix Protocol. Since 2 pm Mask Network has surged 11.25%, and Radix Protocol even 15.03%. Since 2 pm, 2100NEWS Indices have increased up to 3.13%. 2100NEWS Total Index (NWST1100) is 2.52% higher. Bitcoin has increased by 2.70%, Ether even by 4.09%.

Mask Network (MASK)

Mask Network is a protocol that allows users to send encrypted messages over Twitter and Facebook. It essentially acts as a bridge between the internet and a decentralized network running on top.

The day’s top movers (at 2 pm) are Litecoin and Acala Network, rising by 11.57% since 9 am. The crypto markets have consolidated. On the day, the 2100NEWS Indices, which measure the performance of various groups of tokens and coins, reported gains between 0.89% and 3.66%. Over the last 24 hours, the 2100NEWS Total Index (NWST1100), which measures 1100 significant (by market capitalization) crypto assets’ performance, has fallen by 1.82%, Bitcoin by 2.46%, and Ether by 2.43%.

Acala Token (ACA)

Risk Warning: Acala Network suffered an exploit on 14 Aug 2022 where 1.2 bn aUSD tokens were minted without collateral. Please mind the risks and trade with caution. 

Acala is a specialized stablecoin and liquidity blockchain that is decentralized, cross-chain by design, and future-proof with forkless upgradability. Acala stablecoin protocol uses a multi-collateral-backing mechanism to create a stablecoin soft-pegged to the US Dollar. The Acala stablecoin protocol is essentially a decentralized monetary reserve that creates a stable currency from a basket of reserve assets, where holders of the reserve assets can spend, trade, and access other services without price volatility while retaining their exposure to (without selling) the reserve assets.

The crypto markets rebounded after FED had hiked interest rates by 1/4 point. The day’s top movers (at 9 am) were Constellation Labs and HEX, rising by 19.09% since midnight. On the day, the 2100NEWS Indices, which measure the performance of various groups of tokens and coins, reported gains between 1.34% and 2.92%. Over the last 24 hours, the 2100NEWS Total Index (NWST1100), which measures 1100 significant (by market capitalization) crypto assets’ performance, has fallen by 1.77%, Bitcoin by 1.58%, and Ether by 2.26%.

HEX (HEX)

HEX is an ERC20 token launched on the Ethereum network. HEX is designed to be a store of value to replace the Certificate of Deposit as the blockchain counterpart of that financial product used in traditional financial markets. HEX is also designed to leverage the emerging DeFi (Decentralised Finance) ecosystem in cryptocurrencies within the Ethereum network. HEX uses the Ethereum network for the transaction layer (sending and receiving HEX tokens and interacting with the HEX smart contract). At the same time, the consensus code and staking mechanism are contained in the HEX smart contract.