Movers of the Day 3-Aug-2023

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

The day’s top movers are Refereum and HEX, rising by 11.41% since 7 pm.

The crypto market has been moving sideways lately. This means that prices have been staying within a narrow range, and there hasn’t been as much volatility as during strong uptrends or downtrends. Here are some important things to note:

1. The NWSBCT Index for Blue Chips, which represents Blue Chips in the crypto space, has trended sideways, as indicated by the adjacent chart.
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 experienced a slight decline of 0.23% over the last 24 hours. This indicates a relatively stable market sentiment with no significant swings in either direction.
3. Bitcoin and Ether have shown mixed performance, with Bitcoin’s price increasing slightly by 0.29%, while Ether’s price saw a minor decrease of 0.08% over the past 24 hours.

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.

HEX (HEX)

HEX is an ERC20 token launched on the Ethereum network. HEX is designed to be a store of value to replace the Certificate of Deposit as the blockchain counterpart of that financial product used in traditional financial markets. HEX is also designed to leverage the emerging DeFi (Decentralised Finance) ecosystem in cryptocurrencies within the Ethereum network. HEX uses the Ethereum network for the transaction layer (sending and receiving HEX tokens and interacting with the HEX smart contract). At the same time, the consensus code and staking mechanism are contained in the HEX smart contract.

The top movers of the day at 19:10 were Yield Guild Games and XDC Network, which has increased by 11.36% since 2 pm. The token of Yield Guild Games is 4.28% higher. In the afternoon, the crypto went up. Since 2 pm 2100NEWS Indices which measure the performance of different groups of tokens and coins, have increased up to 0.90%. 2100NEWS Total Index (NWST1100) is 0.54% higher. Similarly, Ether has increased by 0.53% and Bitcoin by 0.59%.

XDC Network (XDC)

XinFin is an enterprise-ready hybrid BlXinFin technology company optimized for international trade and finance. The XinFin network is powered by the native coin called XDC. The XDC protocol is architected to support smart contracts, 2000TPS, 2 seconds transaction time, and KYC to Masternodes (Validator Nodes). The XDC Chain (XinFin Digital Contract) uses XinFin Delegated Proof of Stake (XDPoS), intending to create a ‘highly-scalable, secure, permission, and commercial-grade blockchain network. XinFin mainnet token XDC also creates an opportunity to utilize XinFin’s real-world use cases, such as TradeFinex.org, which helps small and medium businesses or institutions originate their own financial requirements in a digital, fully structured manner so that they can distribute them to the bank or non-bank funders themselves using a common distribution standard.

The day’s top movers (at 2 pm) are HEX and Refereum, surging by 25.84% since 9 am.

Investors in the crypto space are currently showing a bearish sentiment, as both the NWSBCT Index for Blue Chips and the 2100NEWS Total Index have experienced declines. The NWSBCT Index for Blue Chips, which represents Blue Chips in the crypto space, experienced a decline. 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 1.72% over the last 24 hours, which signifies a negative overall market sentiment. Additionally, Bitcoin and Ether have also seen price drops. Bitcoin’s price declined by 1.44% in the previous 24 hours, while Ether’s decreased by 1.28% in the same timeframe.

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.

The day’s top movers (at 9 am) were HEX and XDC Network, rising by 12.61% since midnight. The crypto markets were facing a downward trend, with the NWSBCT Index for Blue Chips and the 2100NEWS Total Index (NWST1100) experiencing declines. 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 1.75% over the last 24 hours, indicating a bearish sentiment among investors. Bitcoin’s price has also dropped by 1.74% in the previous 24 hours, while Ether’s price has decreased by 1.29% in the same timeframe.

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.