Movers of the Day 20-May-2023

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

Top movers of the day are Verge ad Utrust. Since morning Verge has surged 25.16%. Utrust has increased by 3.82%.

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. 2100NEWS Indices which measure the performance of different groups of tokens and coins ended between +0.02% and +0.47%. Our main 2100NEWS Total Index (NWST1100) ended +0.38%. Ether ended +0.23%, Bitcoin ended even +0.58%.

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

 

XVG

Verge (XVG)

2100NEWS ranking: 372, Small cap, Index member: NWST1100, NWSS300, NWSCo100
2100NEWS DA Orderbook Quality Evaluation Grade: Poor, Score: 11.3 (Average for Coins: 15.4)

Verge is a cryptocurrency designed for people and for everyday use. It improves upon the original Bitcoin blockchain and aims to fulfill its initial purpose of providing individuals and businesses with a fast, efficient and decentralized way of making direct transactions while maintaining your privacy.

 

Top movers of the day are Ordinals and Utrust. Since midnight Ordinals has surged 30.21%, Utrust is 6.70% higher. HEX has increased by 4.67%.

The crypto markets moved lower this morning. Since midnight the tokens built on Ethereum measured by 2100NEWS Ethereum Based Index (NWSET100) have fallen by 0.50%. Our main 2100NEWS Total Index (NWST1100) which measures the performance of the major 1100 crypto assets by market capitalization has decreased by 0.23%. Similarly, Ether has decreased by 0.19%, while Bitcoin is only 0.11% lower.

 

ORDI

Ordinals (ORDI)

2100NEWS ranking: 171, Mid-cap Non-Ethereum-based Token, Index member: NWST1100, NWSM200, NWSOT50
2100NEWS DA Orderbook Quality Evaluation Grade: Ordinary, Score: 15.2 (Average for Non-Ethereum-based Tokens: 14.1)

The Ordinal theory concerns itself with satoshis, giving them individual identities and allowing them to be tracked, transferred, and imbued with meaning. Satoshis, not Bitcoin, is the atomic, native currency of the Bitcoin network. One bitcoin can be subdivided into 100,000,000 satoshis, but no further. The ordinal theory does not require a sidechain or token aside from Bitcoin and can be used without any changes to the Bitcoin network. It works right now. Ordinal theory imbues satoshis with numismatic value, allowing them to be collected and traded as curios. Individual satoshis can be inscribed with arbitrary content, creating unique Bitcoin-native digital artifacts that can be held in Bitcoin wallets and transferred using Bitcoin transactions. Inscriptions are as durable, immutable, secure, and decentralized as Bitcoin itself.

 

UTK

Utrust (UTK)

2100NEWS ranking: 306, Small cap Ethereum-based Token, Index member: NWST1100, NWSS300
2100NEWS DA Orderbook Quality Evaluation Grade: Good, Score: 13 (Average for Small caps: 9.8)

The UTRUST platform aims to provide the consumer protection that buyers take for granted in traditional online purchases – acting as a mediator, resolving conflicts, and enabling the possibility of refunds to mitigate fraud while shielding the merchant from crypto-market volatility. The project wants to facilitate fast transactions, lower fees, and low cross-border transaction friction, enabling merchants to sell to a growing worldwide crypto-holder audience. The project aspires to ‘build a payment API for marketplace integration that will become the crypto-equivalent of PayPal.’

 

HEX

HEX (HEX)

2100NEWS ranking: 30, Blue chip Ethereum-based Token, Index member: NWST1100, NWSL100, NWS30, NWSTo100, NWSET100, NWSDM100
2100NEWS DA Orderbook Quality Evaluation Grade: Extremely Weak, Score: 3.4 (Average for Blue chips: 22.7)

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.

 


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