Movers of the Day 12-May-2023

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

Top movers of the day are ARPA and Pepe which has surged 29.80% since 7 pm. ARPA is 2.09% lower. Lido DAO Token has increased by 4.27%.

In the evening the crypto markets moved up and most of them  finished the day in green. The large caps measured by 2100NEWS 100 Large Cap Index (NWSL100) ended +1.27%. Their movement can be seen on the adjacent NWSLT chart over the past 24 hours. 2100NEWS Total Index (NWST1100) ended +0.18% lower. Ether ended +0.69% while Bitcoin ended -0.78%.

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

Pepe (PEPE)

PEPE is a deflationary memecoin launched on Ethereum. The cryptocurrency was created as a tribute to the Pepe the Frog internet meme, created by Matt Furie, which gained popularity in the early 2000s. The project aims to capitalize on the popularity of meme coins, like Shiba Inu and Dogecoin, and strives to establish itself as one of the top meme-based cryptocurrencies. PEPE appeals to the cryptocurrency community by instituting a no-tax policy, a redistributive system rewarding long-term stakers, and a burning mechanism to maintain scarcity of the PEPE coin.

Top movers of the day at 19:10 are ARPA and Lido DAO Token. Since 2 pm ARPA has increased by 8.56%, Lido DAO Token is 4.17% higher. The crypto markets trended sideways. In the last 24 hours 2100NEWS Indices have fallen between 0.47% and 2.81%. 2100NEWS Total Index (NWST1100) is 2.25% lower. Bitcoin has fallen by 3.19%, Ether by 1.97%.

ARPA (ARPA)

ARPA describes itself as a privacy-preserving computation network based on cryptography. It reportedly enables private smart contracts on blockchains like Ethereum and IOST, secure data exchange, joint data analysis, and monetization among enterprises/individuals.

The day’s top movers (at 2 pm) are ARPA and tomiNet, surging by 19.19% since 9 am.

In the latest development in the cryptocurrency markets, the NWSBCT (Blue Chips) Index movement over the last 24 hours has indicated that the crypto markets have stopped falling, which could be seen as a positive sign for the broader market. However, during the same period, the 2100NEWS Total Index (NWST1100) chart, which measures 1100 significant (by market capitalization) crypto assets’ performance, has plunged by 3.13%, with Ether and Bitcoin also experiencing losses of 3.10% and 3.87%, respectively.

tomiNet (TOMI)

Tomi is a Web 3 company with eight offices worldwide besides the central office in New York. tomi utilizes decentralized DNS, high-performance computing technology, a multi-chain wallet, and a unique browser, all of this with the goal to further decentralize digital assets and cloud services and provide the infrastructure for a web 3 internet that provides free speech and allows web 3 projects to become fully decentralized.

The day’s top movers (at 9 am) are Solar and ARPA, rising by 9.76% since midnight.

The NWSBCT (Blue Chips) Index movement over the last 24 hours shows a downward trend, and the 2100NEWS Indices, which measure the performance of various groups of tokens and coins, reported losses ranging from -0.57% to -2.47% on the day. The 2100NEWS Total Index (NWST1100) chart, which measures 1100 significant (by market capitalization) crypto assets’ performance, also shows that the index is approaching its 200-DAY moving average (2501 points), which is a strong support level. It’s essential to closely monitor critical support and resistance levels and momentum indicators to identify any potential trend reversals and adjust investment strategies accordingly. Additionally, over the last 24 hours, the index price -4.03%, Ether -4.21%, and Bitcoin experienced significant price drops, with Bitcoin experiencing the largest decline at 4.47%.

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.