Movers of the Day 26-May-2023

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

The day’s top movers are Function X and NYM. Kaspa has risen by 9.72% since 7 pm.

The cryptocurrency market has ended positively in the past 24 hours. The NWSBCT Index (Blue Chips) chart reveals a significant upward movement, indicating a market recovery after a period of decline and consolidation. Concurrently, the 2100NEWS Total Index (NWST1100), a benchmark for evaluating the performance of 1100 significant crypto assets based on their market capitalization, has grown by 1.17%. Furthermore, Ether has increased by 1.37%, and Bitcoin has gained 1.02% over the past 24 hours.

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

Kaspa (KAS)

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) were Function X and NYM. Blur has risen by 8.16% since 2 pm. The cryptocurrency market experienced a surge, indicating a market rebound. The 2100NEWS Indices, which track the performance of various tokens and coins, have reported gains ranging from 0.71% to 1.31% for the day. This indicates that many cryptocurrencies have seen positive price movements during this period. Furthermore, the 2100NEWS Total Index (NWST1100), a benchmark for evaluating the performance of 1100 significant crypto assets based on their market capitalization, has surged by 1.72%. Specifically, Ether has increased by 1.77%, while Bitcoin has gained 2.03% over the past 24 hours.

Blur (BLUR)

Blur is a unique non-fungible token (NFT) marketplace and aggregator platform that offers advanced features such as real-time price feeds, portfolio management, and multi-marketplace NFT comparisons. It claims to have faster NFT sweeps and a more intuitive interface than comparable platforms. As a result, many professional NFT traders increasingly prefer to use Blur for their trading activities — although it may be due to incentives like the recent airdrop of 360 million BLUR tokens — worth around $355M at the time of writing. An Ethereum-based platform has raised over $14m from world-class investors and traders, including Paradigm, 6529, Cozomo Medici, dhof, Bharat Krymo, Zeneca, OSF, MoonOverlord, icebergy, Deeze, Andy8052, Keyboard Monkey and many more. BLUR became prominent after launching in October 2022, when it promised airdrops of BLUR tokens to the top platform users.

The day’s top movers (at 2 pm) are Function X and MOBOX, rising by 17.93% since 9 am. The cryptocurrency market remained stable without significant fluctuations. On the other hand, the 2100NEWS Total Index (NWST1100), a benchmark for evaluating the performance of 1100 significant crypto assets based on their market capitalization, has increased by 0.83%. This indicates that the broader selection of cryptocurrencies covered by the index has experienced a slight increase in value. Ether 1.46% and Bitcoin 0.77% have also shown gains over the past 24 hours.

MOBOX (MBOX)

MOBOX Protocol combines the best yield farming DeFi with Gaming NFTs creating a truly free-to-play and play-to-earn ecosystem. Utilizing the Binance Smart Chain, MOBOX shows true NFT interoperability by combining cross-chain and cross-platform functionality for NFTs.

The day’s top movers (at 9 am) were Numeraire and Function X, soaring 35.67% since midnight. The cryptocurrency markets have experienced a period of sideways movement, suggesting that the overall trend in the market has been relatively stable without significant upward or downward movement. Furthermore, the 2100NEWS Total Index (NWST1100), a benchmark for evaluating the performance of 1100 significant crypto assets based on their market capitalization, has shown a rise of 0.64%. Additionally, specific cryptocurrencies like Ether and Bitcoin have shown gains over the past 24 hours. Ether has increased by 1.40%, while Bitcoin has gained 0.53%.

Function X (FX)

Function X is a next-generation internet service framework. It improves the existing internet and blockchain architecture, combining both worlds’ benefits and using the most commonly-used technical solutions. Function X ecosystem consists of five elements: f(x) operating system, f(x) public blockchain, f(x) FXTP, f(x) docker, and f(x) IPFS, with the goal of decentralizing the Internet. The XPhone is the world’s first mobile device to use the Function X blockchain for telephone calls, messaging, file sharing, and more. Function X (Symbol: FX) is the native “currency” utilized in the Function X blockchain and ecosystem.

IRISnet (IRIS)

IRIS network aims to build a technology foundation that facilitates the construction of distributed business applications. It goes beyond today’s blockchain systems which are mainly for digitalized assets. The IRIS Network is named after the Greek goddess Iris, the personification of the rainbow and the faithful messenger between heaven and humanity. The IRIS network is under development and is being constantly updated, including but not limited to key governance and technical features.