Movers of the Day 22-Jun-2023

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

Top movers of the day are Ardor and Kaspa which has increased by 6.48% since 7 pm. Ardor is 0.28% higher.

Most cryptocurrencies finished the day in green as illustrated by an adjacent chart showing the movement of the NWSBCT Index (Blue Chips) over the past 24 hours. The coins (measured without Bitcoin and Ether) represented by 2100NEWS Coin Index (NWSCo100) ended +0.64%. Our main 2100NEWS Total Index (NWST1100) ended +0.40%. Further, Bitcoin ended +0.59%, Ether ended +0.29%.

Please read the notes to find out by what criteria they have been selected. The market information provided only reflects the state of the market up to midnight in the last 24 hours. Therefore, it may not accurately represent the current market conditions at the time of your inquiry.

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.

Top movers of the day at 19:10 are Celsius and Centrifuge. Since 2 pm has surged 9.95%, Centrifuge has increased by 3.73%. Ardor is 0.10% lower.

In the afternoon the crypto markets still trended sideways. Looking at the yesterday’s closings the large caps represented by 2100NEWS 100 Large Cap Index (NWSL100) are still 0.13% higher. Our main 2100NEWS Total Index (NWST1100) has increased by 0.24%. Bitcoin has increased by 0.30%, Ether by 0.23%.

Celsius (CEL)

Celsius Network is a democratized interest income and lending platform accessible via a mobile app. Built on the belief that financial services should only do what is in the community’s best interests, Celsius is a modern platform where membership provides access to curated financial services unavailable through traditional financial institutions. Crypto holders can earn interest by transferring their coins to their Celsius Wallet and borrowing USD against their crypto collateral at interest rates as low as 4.95% APR.

Top movers of the day at 14:10 are Acala Network and Centrifuge which has increased by 4.08% since 9 am. Acala Network is 2.85% higher.

The crypto markets trended sideways. In the last 24 hours the large caps measured by 2100NEWS 100 Large Cap Index (NWSL100) have increased by 1.89%. Moreover, the mid caps represented by 2100NEWS 200 Mid Cap Index (NWSM200) are 2.24% higher. Bitcoin and Ether have increased more than 3%: BTC +3.24%, ETH +3.06%.

Acala Token (ACA)

Risk Warning: Acala Network suffered an exploit on 14 Aug 2022 where 1.2 bn aUSD tokens were minted without collateral. Please mind the risks and trade with caution. 

Acala is a specialized stablecoin and liquidity blockchain that is decentralized, cross-chain by design, and future-proof with forkless upgradability. Acala stablecoin protocol uses a multi-collateral-backing mechanism to create a stablecoin soft-pegged to the US Dollar. The Acala stablecoin protocol is essentially a decentralized monetary reserve that creates a stable currency from a basket of reserve assets, where holders of the reserve assets can spend, trade, and access other services without price volatility while retaining their exposure to (without selling) the reserve assets.

Top movers of the day are Celsius and Ardor. Since midnight Celsius has surged 19.51%, Ardor even 19.85%. Acala Network is 16.08% higher.

The crypto markets started higher this morning. Since midnight 2100NEWS Indices which measure the performance of different groups of tokens and coins have increased up to 2.26%. 2100NEWS Total Index (NWST1100) which measures the performance of the major 1100 crypto assets by market capitalization is 1.40% higher. Bitcoin has increased by 0.78%, Ether even 1.80%.

Ardor (ARDR)

Ardor is an open source multichain platform launched on 01.01.2018. Its unique architecture was designed from the beginning to overcome existing blockchain technology problems and ensure scalability. Ardor’s advanced design introduces a parent – child chain system where the network security and transaction processing for the entire platform is provided by the Ardor main “parent” chain while all the business-ready functionality is present on the permissionless and permissioned child chains.