Movers of the Day 2-Aug-2023

2100news (14)

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

The day’s top movers are XDC Network and Kaspa, rising by 8.46% since 7 pm.

The crypto markets witnessed a downward trend, 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, as indicated by the adjacent chart.
  2. The 2100NEWS Indices, which track the performance of various groups of tokens and coins, report gains ranging from 0.39 to 0.81% since 7 pm.
  3. 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 0.59% over the last 24 hours.
  4. Bitcoin’s price has experienced a relatively minor decrease of only 0.08% over the last 24 hours. Ether’s price has gone down by 0.28% in the same timeframe.

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.

 

KAS

Kaspa (KAS)

2100NEWS ranking: 92, Large-cap, Index member: NWST1100, NWSL100, NWSCo100, NWSDM100
2100NEWS DA Orderbook Quality Evaluation Grade: Extremely Weak, Score: 7.9, (Average for Large-caps: 18.4)

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 top movers of the day at 19:10 were XDC Network and FUNToken, which has increased by 10.60% since 2 pm. XDC Network is 7.64% higher. In the afternoon, the crypto markets went down. Since 2 pm, the large caps represented by 2100NEWS 100 Large Cap Index (NWSL100) have fallen by 2.31%. 2100NEWS Total Index (NWST1100) is 1.89% lower. Bitcoin has decreased by 1.76%, and Ether by 1.74%.

 

FUN

FUNToken (FUN) 

2100NEWS ranking: 275, Mid-cap Ethereum-based Token, Index member: NWST1100, NWSM200
2100NEWS DA Orderbook Quality Evaluation Grade: Ordinary, Score: 12.9 (Average for Mid-caps: 13.3)

Through blockchain technology, FUNToken enables gaming operators, players, and developers transparency, provably fair gaming, and seamless integration to the world’s leading crypto iGaming solutions, helping to unlock greater economic opportunity and to tokenize value for users globally.

 

The day’s top movers (at 2 pm) are XDC Network and Amp, rising by 5.59% since 9 am. The cryptocurrency markets have shown signs of improvement over the last 24 hours. The NWSBCT Index for Blue Chips, which represents Blue Chips in the crypto space, has climbed. The 2100NEWS Total Index (NWST1100), reflecting the overall market sentiment by tracking the performance of 1100 significant cryptocurrencies based on their market capitalization, has risen by 1.72% over the last 24 hours. This means a broad range of cryptocurrencies has seen positive growth, reflecting increased investor interest and confidence. Bitcoin’s price has surged by 2.30%, indicating significant progress for the leading cryptocurrency in the past 24 hours. In the same timeframe, Ether has grown by 1.55%.

 

AMP

Amp (AMP)

2100NEWS ranking: 181, Mid-cap Ethereum-based Token, Index member: NWST1100, NWSM200, NWSET100, NWSDM100
2100NEWS DA Orderbook Quality Evaluation Grade: Poor, Score: 12.6 (Average for Ethereum-based Tokens: 16)

Amp is the new digital collateral token offering instant, verifiable assurances for any kind of value transfer. Using Amp, networks like Flexa can quickly and irreversibly secure transactions for various asset-related use cases. Amp claims to offer a straightforward but versatile interface for verifiable collateralization through a system of collateral partitions and collateral managers. Where collateral partitions can be designated to collateralize any account, application, or even transaction and carry balances directly verifiable on the Ethereum blockchain, collateral managers are smart contracts that can lock, release, and redirect collateral in these partitions as needed to support value transfer activities. Amp supports a wide variety of use cases for collateralization and also introduces the concept of predefined partition strategies, which can enable special capabilities such as collateral models through which tokens can be staked without ever leaving their original address.

 

The day’s top movers (at 9 am) were Amp and Qtun, rising by 6.14% since midnight. There was a positive sentiment in the crypto market, with both major cryptocurrencies and the overall market experiencing a rebound.

  1. The NWSBCT Index for Blue Chips, which represents Blue Chips in the crypto space, climbed. This could signify renewed investor confidence in these established digital assets.
  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 risen by 1.66% over the last 24 hours, which indicates a general rebound in the crypto market.
  3. Bitcoin’s price has surged by 2.24%, and Ether’s has risen by 1.39% over the last 24 hours.

 

QTUM

Qtum (QTUM)

2100NEWS ranking: 84, Large-cap, Index member: NWST1100, NWSL100, NWSCo100
2100NEWS DA Orderbook Quality Evaluation Grade:  Ordinary, Score: 19.8 (Average for Large-caps: 18.4)

Qtum is a Proof-of-Stake (PoS) smart contract blockchain platform and value transfer protocol. In PoS, node operators are rewarded for validating transactions. Qtum is built on Bitcoin’s UTXO transaction model, with the added functionality of smart contract execution.

 


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