Movers of the Day 28-Jul-2023

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

Top movers of the day are Refereum and StormX. Since 7 pm Refereum has increased by 2.46%, StormX is 3.21% higher.

The crypto markets 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. 2100NEWS Indices which measure the performance of different groups of tokens and coins ended between +0.57% and +1.55%. 2100NEWS Total Index (NWST1100) ended +0.64%. Bitcoin ended +0.43%, Ether ended +0.90%.

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.

Refereum (RFR)

Refereum is a games rewards platform that rewards you for doing what you love — playing and engaging with your favorite games. By joining a hub on Refereum, you can earn prizes for completing quests — whether it’s streaming a specific game or referring your friends, you’ll accumulate points that can be redeemed for rewards.

Top movers of the day at 19:10 are Kyber Network Crystal v2 and HEX. Since 2 pm Kyber Network Crystal v2 has increased by 4.44%. HEX is 4.49% higher. In the aftrernoon the crypto markets still trended sideways. In the last 24 hours the tokens built on Ethereum measured by 2100NEWS Ethereum Based Index (NWSET100) have increased by 0.45%. 2100NEWS Total Index (NWST1100) is 0.34% higher. Bitcoin has increased by 0.24%, Ether even 0.52%.

Kyber Network Crystal v2 (KNC)

Kyber Network is a multi-chain crypto trading and liquidity hub that connects liquidity from different sources to enable trades at the best rates. KNC is a utility and governance token, an integral part of Kyber Network, and the glue connecting various stakeholders in Kyber’s ecosystem. KNC is dynamic and can be upgraded, minted, or burned by KyberDAO to support liquidity and growth better. Holding KNC means having a stake in all the essential innovation and liquidity protocols created for DeFi.

The day’s top movers (at 2 pm) are Kin and StormX, rising 13.73% since 9 am. Crypto markets continue their sideways trend, and there are vital details to be aware of: The NWSBCT Index for Blue Chips, which represents Blue Chips in the crypto space, experienced a decline. Furthermore, the 2100NEWS Total Index (NWST1100), which reflects the overall market sentiment by tracking the performance of 1100 significant cryptocurrencies based on their market capitalization, has dropped by 0.90% over the last 24 hours, indicating a slightly negative shift in the sentiment of the overall crypto market. Both Bitcoin and Ether have experienced losses, with Bitcoin’s price falling by 1.03% and Ether’s price decreasing by 0.57% in the same period.

StormX (STMX)

Founded in 2015, StormX is one of the first global cryptocurrency-based solutions to reach worldwide markets. As a mobile app and browser extension, StormX aims to bring users cashback in crypto for most of their online purchases, with enterprise partners like Samsung, Nike, and Lego. StormX also allows users to stake the native STMX token to boost their rewards.

The day’s top movers (at 9 am) were Kin and ImmutableX, rising 11.06% since midnight. The crypto markets trended sideways, and here are some important details to keep in mind:

1. The NWSBCT Index for Blue Chips, which represents Blue Chips in the crypto space, experienced a decline.
2. The 2100NEWS Total Index (NWST1100), reflecting the overall market sentiment by tracking the performance of 1100 significant cryptocurrencies based on their market capitalization, has fallen by 0.72% over the last 24 hours, indicating a slightly negative shift in the sentiment of the overall crypto market.
3. Bitcoin and Ether experienced losses, with Bitcoin’s price falling by 0.76% and Ether’s price going down by 0.82% in the same timeframe.

Immutable X (IMX)

Immutable X is the first layer-2 scaling solution for NFTs on Ethereum, with instant trade confirmation, massive scalability (up to 9,000+ trades per second), and zero gas fees — without compromising user custody. The protocol is built on top of StarkWare’s proving technology, allowing users to retain access to Ethereum’s ecosystem and network effects.

Kin (KIN)

The Kin cryptocurrency is used as money within a digital ecosystem of consumer applications and services. Kin tokens enter circulation via an incentive model called the Kin Rewards Engine, or “KRE,” which rewards the developers who create compelling user experiences with Kin based on their engagement. This offers a software monetization model that incentivizes the adoption of new use cases and the creation of value for a cryptocurrency and encourages the exchange of value between users instead of harvesting user data and attention at no benefit to users.

Bounce Token (AUCTION)

Bounce is a decentralized auction platform incorporating liquidity mining, decentralized governance, and staking mechanisms. The first principle of Bounce is a scarcity of resources, which creates a competitive swap environment. The idea of “swap” originated from Uniswap, where infinite liquidity is provided for participants. While this concept is excellent, Bounce focuses on the opposite scenario instead. Bounce offers a competitive environment for a limited supply of tokens or other assets like NFTs. The assets can be auctioned off in various ways, such as Token sales. Various types of auctions where a limited amount of tokens are auctioned off with different auction principles and time limits, such as fixed price (fixed swap auction), decreasing price (Dutch auction), or hidden price (sealed-bid auction) NFT auctions NFTs are auctioned off with similar auction principles as token sales. However, there are usually fewer NFTs (or only a unique piece) for sale.