Movers of the Day 29-Mar-2023

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

The day’s top movers are Solar and Kaspa. Conflux Network has risen by 12.59% since 7 pm.

As illustrated by an adjacent chart showing the NWSBCT (Blue Chips) Index movement over the last 24 hours, the crypto markets soared. Since 7 pm, the 2100NEWS Indices, which measure the performance of various groups of tokens and coins, reported gains between 0.05% and 1.43%. Over the last 24 hours, the 2100NEWS Total Index (NWST1100), which measures 1100 significant (by market capitalization) crypto assets’ performance, soared 3.66%, Bitcoin even 4.35%, and Ether 1.76%

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

Conflux (CFX)

Conflux Network is a token of Conflux Network. Conflux Network is an open network built to drive the next generation of global commerce by unlocking tomorrow’s decentralized applications and digital assets. Conflux enables a secure and interoperable flow of assets and data across protocols & applications to create an internet of value for all. The public, permissionless blockchain is powerful and developer-friendly. Conflux delivers a robust network with solidity compatibility, zero congestion, and low fees by integrating Proof of Work into a Tree Graph architecture.

The crypto markets stopped going up. The top movers of the day at 19:10 are Kaspa and Velo. Since 2 pm, Kaspa has surged 30.75%, and Velo is 16.10% higher. Solar has increased by 9.22%. Over the last 24 hours, 2100NEWS Indices have increased up to 7.00%. 2100NEWS Total Index (NWST1100) is 4.72% higher. Bitcoin has increased by 5.07%, Ether by 3.62%.

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, structured as a revolutionary blockDAG. Kaspa is based on the GhostDAG/PHANTOM protocol, a scalable Nakamoto Consensus (Bitcoin consensus) generalization. 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 substantially increase the number of blocks per second, attracting the development of smart contracts and DeFi.

The day’s top movers (at 2 pm) are Kaspa and Solar, surging by 24.38% since 9 am. The crypto markets soared. On the day, the 2100NEWS Indices, which measure the performance of various groups of tokens and coins, reported gains between 1.84% and 5.34%. Over the last 24 hours, the 2100NEWS Total Index (NWST1100), which measures 1100 significant (by market capitalization) crypto assets’ performance, has soared 4.76%, Bitcoin 4.72%, and Ether 3.72%.

Solar (SXP)

SXP is the native utility token of the Solar blockchain. Users can stake it to secure the network, earn rewards, and pay transaction fees on the Solar blockchain. They can also help govern the Solar blockchain by proposing and voting on changes to the protocol and earning rewards for providing liquidity. Additionally, Solar DApps use SXP as their primary currency. Solar is built on the Solar Core, a Layer-1 Blockchain Framework. The Solar blockchain uses the Delegated Proof-of-Stake Consensus (DPoS). The network is protected and supported through DPoS by 53 delegates, node operators, or validators. Solar is an enterprise-level blockchain ecosystem powered by open-source developers and community participation which aims to create a transparent governance ecosystem. Developers constructing DApps on the Solar platform have access to various features, such as smart contracts, decentralized storage, and numerous tools and resources, all of which are provided by Solar Core.

The crypto markets soared. The day’s top movers (at 9 am) were Conflux and Mask Network, rising by 15.16% since midnight. On the day, the 2100NEWS Indices, which measure the performance of various groups of tokens and coins, reported gains between 1.18% and 3.54%. Over the last 24 hours, the 2100NEWS Total Index (NWST1100), which measures 1100 significant (by market capitalization) crypto assets’ performance, has soared 4.11%, Bitcoin 3.67%, and Ether 4.30%.

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.

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.