Movers of the Day 18-May-2023

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

The day’s top movers are Raydium and Mask Network. Render Token has risen by 5.70% since 7 pm.

The cryptocurrency markets have shown an initial downward spike followed by a subsequent rebound within the past 6 hours, as illustrated by an adjacent chart of the NWSBCT (Blue Chips) Index movement over the last 24 hours. During the same period, the 2100NEWS Total Index (NWST1100), which serves as a benchmark for evaluating the performance of 1100 significant crypto assets based on their market capitalization, has fallen by 1.16%. Additionally, Bitcoin has experienced a decline of 1.52%. Likewise, Ether has seen a slight decrease of 0.47%.

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

Render Token (RNDR)

RenderToken is a distributed GPU rendering network built on top of the Ethereum blockchain. It aims to connect artists and studios needing GPU computing power with mining partners willing to rent their GPU capabilities out. RNDR is an ERC-20 utility token used by artists on the network to exchange for GPU compute power from GPU providers (node operators).

The top movers of the day at 19:10 are HEX and Mask Network which has increased by 3.96% since 2 pm. HEX is 1.49% higher. On the other hand, Raydium has decreased by 1.82%. In the afternoon, the crypto markets turned down. Since 2 pm, the large caps measured by 2100NEWS 100 Large Cap Index (NWSL100) have fallen by 0.87% but are still 0.89% higher than 24 hours ago. Similarly, Ether has decreased by 0.85% while Bitcoin has fallen by 1.21%. Nevertheless, both of them are still higher than one day ago: BTC +0.52%, ETH +0.22%.

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 Render Token and Raydium. HEX has risen by 9.77% since 9 am. In the past 24 hours, the cryptocurrency markets have displayed a notable pattern of price movement, characterized by an initial jump followed by a subsequent period of stability. Over this timeframe, the 2100NEWS Total Index (NWST1100), which serves as a crucial benchmark for assessing the performance of 1100 significant crypto assets based on their market capitalization, experienced a substantial surge of 2.47%. Bitcoin demonstrated even more robust growth of 2.80%, while Ether recorded a significant increase of 1.86%.

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.

The day’s top movers (at 9 am) were Render Token and Raydium, surging by 26.38% since midnight. In the past 24 hours, the cryptocurrency markets have displayed a period of stability as buyers and sellers have reached a state of equilibrium. Over this timeframe, the 2100NEWS Total Index (NWST1100), which serves as a key benchmark for evaluating the performance of 1100 significant crypto assets based on their market capitalization, registered a modest increase of 0.64%. Bitcoin saw a slightly more robust growth of 0.84%. However, Ether experienced a marginal decline of 0.02%.

Raydium (RAY)

Raydium is an automated market maker (AMM) platform built on Solana, where users can swap, trade, and provide liquidity to earn yield on digital assets. However, unlike other AMM platforms, Raydium’s AMM provides on-chain liquidity to Serum’s central limit order book, meaning that Raydium’s users and liquidity pools have access to the order flow and liquidity of the entire Serum ecosystem and vice versa.

Gala (GALA)

GALA claims to be designed to power the Gala Games ecosystem to support gaming re-imagined to benefit creators and players alike. Founded by greats from the gaming and blockchain industry, Gala Games is redefining the gaming world. All OLD-school gamers remember the sound of blowing the dust out of a Nintendo cartridge to get ready to play their favorite game or the pride you took in lining up your PlayStation games on a shelf in your bedroom.