Movers of the Day 24-May-2023

May 24, 202310min457

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

The day’s top movers are IRIS NEtwork and ARPA. Kaspa has risen by 15.76% since 7 pm.

The cryptocurrency markets have been recovering after a recent dip, as indicated by the adjacent chart of the NWSBCT Index (Blue Chips) moving over the last 24 hours. The 2100NEWS Indices, which track the performance of various tokens and coins, have reported gains ranging from 0.40% to 1.30% since 7 pm. The 2100NEWS Total Index (NWST1100), a benchmark for evaluating the performance of 1100 significant crypto assets based on their market capitalization, plunged 2.94%. Additionally, Ether and Bitcoin have both experienced a decline of 2.70% and 3.06%, respectively, within the last 24 hours.

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

 

KAS

Kaspa (KAS)

2100NEWS ranking: 149, Mid-cap, Index member: NWST1100, NWSM200, NWSCo100, NWSDM100
2100NEWS DA Orderbook Quality Evaluation Grade: Extremely Weak, Score: 7.9, (Average for Coins: 15.3)

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 Satoshi’s principles in 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 7 pm) are Bella Protocol and ARPA, surging by 21.61% since 2 pm. The cryptocurrency markets continued plunging. The 2100NEWS Indices, which track the performance of various tokens and coins, have reported losses varying from -2.48% to -5.16% since midnight, indicating a widespread downturn throughout the cryptocurrency market. The 2100NEWS Total Index (NWST1100), a benchmark for evaluating the performance of 1100 significant crypto assets based on their market capitalization, has also seen a significant drop of 3.66%. Additionally, Ether and Bitcoin have both experienced a decline of 3.50% and 3.86%, respectively.

 

ARPA

ARPA (ARPA)

2100NEWS ranking: 269, Mid-cap Ethereum-based Token, Index member: NWST1100, NWSM200
2100NEWS DA Orderbook Quality Evaluation Grade:   Excellent, Score: 18.7, (Average for Mid-caps: 13.2)

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 NKN, rising by 5.53% since 9 am. Over the last 24 hours, the cryptocurrency markets experienced a period of consolidation following a significant decline. The 2100NEWS Indices, which track the performance of various tokens and coins, have reported losses ranging from -1.51% to -3.06% since midnight, indicating a widespread downturn throughout the cryptocurrency market. The 2100NEWS Total Index (NWST1100), which is a benchmark for evaluating the performance of 1100 major crypto assets based on their market capitalization, has seen a notable decline of 2.27%. Furthermore, Ether has declined by 2.16%, while Bitcoin has dropped by 2.19% in the past 24 hours.

 

NKN

NKN (NKN)

2100NEWS ranking: 233, Mid-cap Non-Ethereum-based Token, Index member: NWST1100, NWSM200, NWSOT50
2100NEWS DA Orderbook Quality Evaluation Grade: Poor, Score: 13, (Average for Non-Ethereum-based Tokens: 14.1)

NKN is a new generation of highly scalable, self-evolving, and self-incentivized blockchain network infrastructure. NKN addresses network decentralization and self-evolution by introducing the Cellular Automata (CA) methodology for dynamism and efficiency.

 

The day’s top movers (at 9 am) were Waves and ARPA, soaring 44.42% since midnight. Over the past 24 hours, the cryptocurrency markets have experienced a significant decline. The 2100NEWS Indices, which track the performance of various tokens and coins, have reported losses ranging from -1.11% to -2.88% since midnight, indicating a widespread downturn throughout the cryptocurrency market. The combined value of the included cryptocurrencies has dropped significantly, as demonstrated by the 2100NEWS Total Index (NWST1100), which is a benchmark for evaluating the performance of 1100 major crypto assets based on their market capitalization, has seen a notable decline of 2.20%. Additionally, Ether has declined by 1.95%, while Bitcoin has experienced a drop of 2.21% in the past 24 hours.

Waves

Waves (WAVES)

2100NEWS ranking: 136, Mid-cap, Index member: NWST1100, NWSM200, NWSCo100, NWSDM100
2100NEWS DA Orderbook Quality Evaluation Grade: Good, Score: 19.9, (Average for Coins: 15.3)

Risk warning: USDN, an algorithmic stablecoin of the Waves ecosystem, has lost its U.S. dollar peg. Please mind the risks and trade with caution.

Waves is an open-source platform and decentralized environment for Web 3.0 applications, offering a wide range of purpose-designed tools for making the process of developing and running dApps easy and accessible.

 



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