Movers of the Day 16-Jul-2023

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

Top movers of the day are 1inch Network and Kaspa. Since morning 1inch Network has surged 14.31%, Kaspa has increased by 12.70%.

Most cryptocurrencies finished the day lower. The tokens built on Ethereum represented by 2100NEWS Ethereum Based Index (NWSET100) ended -1.31%. Their movement can be seen on the adjacent NWSET chart over the past 24 hours. Our main 2100NEWS Total Index (NWST1100) ended -0.18%. Bitcoin and Ether ended just below 0: BTC -0.02%, ETH -0.01%.

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 the last 24 hours. Therefore, it may not accurately represent the current market conditions at the time of your inquiry.

1inch Network (1INCH)

The 1inch Network unites decentralized protocols whose synergy enables the most lucrative, fastest, and protected operations in the DeFi space by offering access to hundreds of liquidity sources across multiple chains. The 1inch Network was launched at the ETHGlobal New York hackathon in May 2019 with the release of its Aggregation Protocol v1. Since then, 1inch Network has developed additional DeFi tools such as the Liquidity Protocol, Limit Order Protocol, P2P transactions, and 1inch Mobile Wallet.

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 are Compound and Adventure Gold. Since midnight Compound has increased by 8.25%, Adventure Gold is 4.91% higher. 1inch Network has increased by 4.68%.

The crypto markets started out lower this morning. Since midnight the large caps measured by 2100NEWS 100 Large Cap Index (NWSL100) have fallen by 0.36%. Our main 2100NEWS Total Index (NWST1100) which measures the performance of the major 1100 crypto assets by market capitalization is 0.19% lower. Ether has decreased by 0.19%, Bitcoin only 0.11%.

Compound (COMP)

Compound is an algorithmic, autonomous interest rate protocol built for developers, to unlock a universe of open financial applications. Compound is a protocol on the Ethereum blockchain that establishes money markets, which are pools of assets with algorithmically derived interest rates, based on the supply and demand for the asset. Suppliers (and borrowers) of an asset interact directly with the protocol, earning (and paying) a floating interest rate, without having to negotiate terms such as maturity, interest rate, or collateral with a peer or counterparty.

Adventure Gold (AGLD)

Adventure Gold is the native ERC-20 token of the Loot non-fungible token (NFT) project. Loot is a text-based, randomized adventure gear generated and stored on-chain, created by social media network Vine co-founder Dom Hofmann. The project intentionally has no front-end interface, images, statistics, or functionality. Instead, it is based on a set of 8,000 text-based NFTs open to how the community wants to interpret it. The NFTs contain texts of gears ranging from the “Holy Greaves of Giants” to the “Grim Shout.” As of Sept. 8, 2021, the floor price of Loot on OpenSea is 8.56 ETH. Numerous derivative projects are being built around Loot and can be found here. Adventure Gold was launched on Sept. 2, 2021, and allowed each owner of a Loot NFT to claim 10,000 tokens for free. With the price of AGLD skyrocketing in the initial days of trading, this airdrop was worth as much as $70,000 per NFT. AGLD founder Will Papper claimed he wanted to set a standard for projects building on Loot by providing a currency for the decentralized gaming universe.