Movers of the Day 5-May-2023

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

Top movers of the day are UMA and Badger DAO. Since 7 pm UMA has increased by 3.56, Badger DAO is 8.56% higher.

The crypto markets finished the day higher as illustrated by an adjacent chart showing the movement of the NWSBCT Index (Blue Chips) over the past 24 hours. The large caps measured by 2100NEWS 100 Large Cap Index (NWSL100) ended +1.81%. 2100NEWS Total Index (NWST1100) ended +2.88%. Bitcoin ended +2.38%, Ether ended +5.96%.

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

UMA (UMA)

UMA is designed to power the financial innovations made possible by permissionless, public blockchains like Ethereum. UMA defines an open-source protocol that allows any two counterparties to design and create their own financial contracts using fiat financial derivatives concepts. But unlike traditional derivatives, UMA contracts are secured with economic incentives alone, making them self-enforcing and universally accessible.

Top movers of the day at 19:10 are ssv.network and Metal DAO: SSV +10.23%, MTL +10.28% (as of 2 pm). By listing on new crypto exchanges (Binance, KuCoin) Pepe became the most volatile token today. That’s why we will let it to settle down for a while.

In the afternoon the crypto markets went up significantly. Since 2 pm 2100NEWS Indices which measure the performance of different groups of tokens and coins have increased up to 2.15%. 2100NEWS Total Index (NWST1100) is 1.81% higher. Bitcoin has increased by 1.28%, Ether even 4.08%.

ssv.network (SSV)

Once holding SSV tokens, users can vote on protocol changes and improvements. Influence grant distributions and operator ranking. Holders can also use SSV tokens as fees for running validators and generating rewards for stakers. SSV Network emphasizes decentralization, security, and liveness across the Ethereum consensus layer and forms the foundation of SSV.network, a fully decentralized and robust ETH staking network. Millions of users join this ecosystem and find the network simple for anyone wanting to run an Ethereum validator, from DIY users all the way to staking pools and extensive institutional staking services. This can apply to using the network not only as a user but also as a service provider; regardless of staking configuration, as long as duties are properly executed, anyone can provide service and reap the rewards for doing so.

The day’s top movers (at 2 pm) are Pepe and FLOKI, soaring 59.02% since 9 am. Over the last 24 hours, the crypto markets have been relatively stable with no significant upward or downward trends, so the crypto markets have trended sideways. The 2100NEWS Total Index (NWST1100), which measures 1100 significant (by market capitalization) crypto assets’ performance, has fallen by 0.16% and Bitcoin by 0.11%, while Ether has risen by 0.06%.

FLOKI (FLOKI)

Floki is the people’s cryptocurrency and the utility token of the Floki Ecosystem. It is a cryptocurrency birthed by fans and members of the Shiba Inu (SHIB) community and is inspired by (and named after) Elon Musk’s Shiba Inu. Floki Inu wants to differentiate itself from other meme coins by combining memes with utility. The team’s long-term vision is to create an autonomous and decentralized ecosystem, including strategic partnerships, building utility on the token, and developing use cases for the Floki Inu brand through NFTs, games, and decentralized finance features.

The crypto markets remained relatively stable over the past 24 hours. The day’s top movers (at 9 am) were IDEX and Radicle, soaring 30.15% since midnight. The 2100NEWS Total Index (NWST1100), which measures 1100 significant (by market capitalization) crypto assets’ performance, has fallen by 0.36% over the last 24 hours, suggesting the overall market sentiment for the broader range of cryptocurrencies is slightly negative. Bitcoin has risen by 0.06%, while Ether has fallen by 0.09%.

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 innovative 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.

Aergo (AERGO)

Aergo is an open-source enterprise blockchain platform optimized for hybrid deployments, consisting of permissioned and permissionless blockchain architectures. It includes support for SQL, allowing for easy data handling and familiar smart contract programming for developers. Blocko, the Samsung-backed South Korean blockchain technology company, built and utilized the platform. According to Korean media sources, it has deployed production blockchain solutions for large-scale clients, including Lotte Card, Shinhan Bank, Korea Exchange, Hyundai Motors, and more.