Movers of the Day 5-May-2024

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

Top Movers of the Day:

• Celsius and Frontier: These cryptocurrencies have grown remarkably over the past day, with Frontier soaring 40.38% since 9 a.m.

Overview: The crypto market has experienced a day of mixed yet generally positive results. The overall market ending in the green is a good sign of investor confidence.

 NWSBCT Index for Blue Chips: Focusing on the more established cryptocurrencies, colloquially known as the “Blue Chips.” The index also showed an upward trend. The 2100NEWS Indices, which track the performance of various groups of tokens and coins, have reported gains ranging from 0.73% to 2.23% since 9 a.m. 2100NEWS Total Index (NWST1100): Representing a broad spectrum of the crypto market, this index tracks 1100 significant cryptocurrencies based on their market cap. It has slightly increased by 0.08% over the past day. Bitcoin and Ether: Bitcoin has slightly decreased by 0.14%; in contrast, Ether has increased by 0.41%.

The criteria upon which these specific cryptocurrencies and indices have been highlighted are detailed in supplemental notes. The provided data offers a snapshot of the last 24 hours until midnight. Therefore, it may not accurately represent the current market conditions at the time of your inquiry.

Frontier (FRONT)

Frontier is a chain-agnostic DeFi aggregation layer. With applications, users can participate in protocol tracking and management, staking, best-rate asset swapping, liquidity provision, CDP creation & monitoring, and more. In short, Frontierʼs core mission is to bring the essential pieces of DeFi to users across whichever platforms they prefer.

Top Movers of the Day (at 9 a.m. update):

• Golem and Ontology Gas: These cryptocurrencies have grown remarkably over the past day.
• Akash network has risen by 9.39% since midnight.

Overview: The cryptocurrency market has been consolidating over the previous 24 hours, but there has been a general downturn since midnight, suggesting a cooling-off period.

1.  NWSBCT Index for Blue Chips: This index focuses on the more established cryptocurrencies, colloquially known as the “Blue Chips.” The index has mirrored the overall market dynamics with similar downturn patterns observed since midnight
2. The 2100NEWS Indices, which track the performance of various groups of tokens and coins, have reported losses ranging from -0.81% to -2.41% since midnight.
3. 2100NEWS Total Index (NWST1100): This index represents a broad spectrum of the crypto market and tracks 1100 significant cryptocurrencies based on their market cap. It has increased by 0.14%, though it has fallen by 0.99% since midnight.
4. Bitcoin and Ether: Bitcoin has risen by 0.61%, in contrast, Ether has decreased by 0.49% over the last 24 hours.

Akash Network (AKT)

Akash DeCloud is a faster, better, and lower-cost cloud built for DeFi, decentralized projects, and high-growth companies, providing unprecedented scale, flexibility, and price performance. 10x lower in cost, our serverless computing platform is compatible with all cloud providers and all applications that run on the cloud.

Golem (GLM)

Golem is a decentralized marketplace for computing power. It enables CPUs and GPUs to connect in a peer-to-peer network, enabling both application owners and individual users (“requestors”) to rent resources from other users’ (“providers”) machines. These resources can be used to complete tasks requiring any amount of computation time and capacity. Nowadays, centralized cloud providers control these services, and these platforms are constrained by closed networks, proprietary payment systems, and hard-coded provisioning operations. Golem proposes an open-source, decentralized, and user-controlled alternative.