Movers of the Day 27-Mar-2023

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

Top movers of the day are Kaspa and GensoKishi Metaverse. Since 7 pm Kaspa has increased by 10.06%, GensoKishi Metaverse by 4.21%.

The crypto markets finished the day lower as illustrated by an adjacent chart showing the NWSBCT (Blue Chips) Index movement over the last 24 hours. 2100NEWS Indices ended between -2.27% and -4.60% (NWSTo100). 2100NEWS Total Index (NWST1100) ended -2.95%. Bitcoin ended -2.44%, Ether ended -2.86%.

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

Kaspa (KAS)

Kaspa is the fastest and most scalable instant confirmation transaction layer ever built on a proof-of-work engine. Transactions sent to miners can be included immediately in the ledger, which is structured as a revolutionary blockDAG. Kaspa is based on the GhostDAG/PHANTOM protocol, a scalable generalization of the Nakamoto Consensus (Bitcoin consensus). Its design is faithful to the principles Satoshi embedded into Bitcoin — proof-of-work mining, UTXO-formed isolated state, deflationary monetary policy, no premine, and no central governance. Kaspa is unique in its ability to support high block rates while maintaining the level of security offered by the most secure proof-of-work environments. Kaspa’s current mainnet operates with one block per second. After the ongoing rust language rewrite, the core developers goal is to increase the number of blocks per second substantially, attracting the development of smart contracts and DeFi.

Top movers of the day at 19:10 are FLEX and Liquity which has increased by 8.39% since 2 pm. FLEX is 1.56% higher. In the afternoon the crypto markets fell strongly. 2100NEWS Indices have fallen between 2.35% and 4.04%. 2100NEWS Total Index (NWST1100) is 3.16% lower. Bitcoin has decreased by 2.84%, Ether by 2.83%.

Liquity (LQTY)

Liquity is a decentralized borrowing protocol that allows you to draw 0% interest loans against Ether used as collateral. Loans are paid out in LUSD – a USD-pegged stablecoin and need to maintain a minimum collateral ratio of only 110%.

The day’s top movers (at 2 pm) are Radicle and Komodo, soaring 40.62% since 9 am. The crypto markets have trended sideways. During the same period, the 2100NEWS Total Index (NWST1100), which measures 1100 significant (by market capitalization) crypto assets’ performance, has fallen 0.04% and Ether by 0.45%, while Bitcoin has risen 0.56%.

Komodo (KMD)

Komodo describes itself as an open, composable multi-chain platform. With blockchain development roots going back to 2014, Komodo is reportedly one of the pioneers of multi-chain architecture in the blockchain space. As of Aug 2019, Komodo focuses on providing business-friendly blockchain solutions that are secure, scalable, interoperable, and adaptable. Komodo’s current technology suite, the Antara framework, offers tools for end-to-end blockchain development, including a customizable, application-specific Smart Chain complete with a library of built-in modules and an open API for building blockchain-based applications.

The crypto markets trended sideways. The day’s top movers (at 9 am) were Kaspa and Radicle, rising by 17.40% since midnight. On the day, the 2100NEWS Indices, which measure the performance of various groups of tokens and coins, reported losses between -0.21% and -1.02%. Over the last 24 hours, the 2100NEWS Total Index (NWST1100), which measures 1100 significant (by market capitalization) crypto assets’ performance, has risen by 0.36%, Bitcoin by 0.97%, and Ether by 0.07%.

Radicle (RAD)

Radicle is a decentralized network for code collaboration. The project’s mission is to develop resilient infrastructure for open-source communities that is secure, sovereign, and exclusively built on open protocols, not platforms. Radicle’s protocols enable developers to collaborate on code without relying on trusted intermediaries. Its peer-to-peer network is complemented by an opt-in Ethereum innoviveinnovative contract system that enables global names, decentralized organizations, and protocols that help maintainers sustain their open-source work. With Ethereum, Radicle is harnessing the power of Ethereum and DeFi to enable developers to own their collaboration infrastructure. Since launching in beta this past December, Radicle has seen over 1,000 projects published to the network and garnered substantial interest across the Web3 ecosystem.

JOE (JOE)

JOE is a token developed by Trader Joe, your one-stop decentralized trading platform on the Avalanche network. JOE is a governance token that rewards holders with a share of exchange revenues. The token distribution follows a fixed supply, decaying emission model. 0.05% of all trades are paid to the xJOE staking pool. A share of fees from lending interest and liquidations will also be paid to the xJOE staking pool. The % will be determined at the launch of the lending product. JOE token holders may stake their JOE to xJOE and receive a share of the revenues. In the long term, the founding team envisions Trader Joe as a community-governed protocol, such as a DAO. JOE is a governance token allowing holders to vote on community proposals.

Serum (SRM)

Serum is a decentralized exchange (DEX) and ecosystem that brings unprecedented speed and low transaction costs to decentralized finance (DeFi). Serum is the only high-performant DEX designed around a fully on-chain central limit order book and matching engine. Ecosystem partners can compose with Serum’s on-chain orderbook to share liquidity and power their trading features for institutional and retail users. The SRM utility and governance tokenenablese users to receive discounts on protocol fees and voting rights; 100% of exchange fees flow back to SRM via buy-and-burn, staking rewards, and ecosystem grants. Serum is an open-source project created by a consortium of partners, including FTX, Alameda Research, and the Solana Foundation.