Movers of the Day 20-Apr-2022

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

The day’s top movers are ApeCoin and ox Protocol, rising by 15.63% since 7 pm.

As illustrated by an adjacent chart showing the NWSBCT (Blue Chips) Index movement over the past 24 hours, the crypto markets have trended sideways. At the same timespan, the 2100NEWS Digital Assets Total Index (NWST1100), which measures 1100 significant (by market capitalization) crypto assets’ performance, has risen by 0.02%, Bitcoin 0.41%, while Ether has fallen by 0.51%.

Please read the notes to find out which criteria movers have been selected.

0x Protocol (ZRX)

0x is a protocol that facilitates the peer-to-peer exchange of Ethereum-based assets. The protocol serves as an open standard and common building block for any developer needing exchange functionality. 0x provides secure smart contracts that are externally audited, developer tools tailored to the 0x ecosystem, and open access to a pool of shared liquidity. Developers can integrate with 0x at the smart contract or application layer.

After a sharp rise today, the crypto markets fell rapidly. The top movers of the day at 19:10 are LooksRare and Linear Finance. Since 2 pm, LooksRare has increased by 4.03%, Linear Finance by 4.55%. Since 2 pm, 2100NEWS DA Indexes have fallen between 1.62% and 2.93% (NWSOT50). 2100NEWS Digital Assets Total Index (NWST1100) is1.99% lower. Bitcoin has decreased by 1.61%, Ether 2.07%.

Linear Finance (LINA)

Linear Finance (“Linear”) is a non-custodial, cross-chain compatible, delta-one asset protocol. Linear’s long-term DeFi vision is to increase inclusiveness and democratize access to investment assets (digital and traditional). Tremendous value exists in the ability for investors to easily and quickly invest, save fees, and secure assets at fair market value. Linear combines substantial technical experience from numerous crypto projects with extensive financial experience in exotic and structured assets from traditional global asset management firms to bring to market one of the first DeFi projects built upon Ethereum with cross-chain compatibility.

The day’s top movers (at 2 pm) are Synapse and ApeCoin. Synthetix has risen by 12.22% since 9 am. The crypto markets have surged. On the day, the 2100NEWS DA Indexes, which measure the performance of various groups of tokens and coins, reported gains between 1.03% and 2.99%. Over the last 24 hours, the 2100NEWS Digital Assets Total Index (NWST1100), which measures 1100 significant (by market capitalization) crypto assets’ performance, has surged by 3.46%, Ether 2.97%, and Bitcoin by 3.15%.

Synthetix (SNX)

Synthetix, formerly Havven, is a cryptoasset backed network that enables the creation of on-chain synthetic assets. Synthetix is a decentralized payment network where users transact directly in a price-stable cryptocurrency. Those who use the stablecoin pay fees to those who collateralize the network, compensating them for the risks of providing collateral and stability. Collateral providers control the money supply, and fees are distributed in proportion to each individual’s stabilization performance. Thus, Synthetix rewards suppliers with stability and charges those who demand it.

The crypto markets rose. The day’s top movers (at 9 am) are Synapse and Linear Finance. ApeCoin has surged by 19.20% since midnight. On the day, the 2100NEWS DA Indexes, which measure the performance of various groups of tokens and coins, reported gains between 0.21% and 1.57%. Over the last 24 hours, the 2100NEWS Digital Assets Total Index (NWST1100), which measures 1100 significant (by market capitalization) crypto assets’ performance, has risen by 2.27%, Ether 1.80%, and Bitcoin by 1.72%.

ApeCoin (APE)

ApeCoin is an ERC-20 governance and utility token used within the APE ecosystem to empower decentralized community building at the forefront of web3. The APE Foundation is the steward of ApeCoin. It is not an overseer but the base layer on which ApeCoin holders in the ApeCoin DAO can build. The Foundation facilitates decentralized and community-led governance and is designed to become more decentralized over time. It is tasked with administering the decisions of the ApeCoin DAO and is responsible for day-to-day administration, bookkeeping, project management, and other tasks that ensure the DAO community’s ideas have the support they need to become a reality. The goal of the APE Foundation is to steward the growth and development of the APE ecosystem fairly and inclusively. It utilizes the Ecosystem Fund, controlled by a multi-sig wallet, to pay its expenses as directed by the ApeCoin DAO and provides an infrastructure for ApeCoin holders to collaborate through open and permissionless governance processes. The ApeCoin community governs itself via the ApeCoin DAO, the decentralized governance framework that supports the Ecosystem Fund. The DAO follows a proposal process to vote on how the APE Foundation will distribute the Ecosystem Fund to promote a diverse and self-sustaining ecosystem. This governance guide is an overview of the proposal process. It’s a living document that will evolve and improve with the DAO community’s input.

Synapse (SYN)

Synapse is a cross-chain layer ∞ protocol powering frictionless interoperability between blockchains. By providing decentralized, permissionless transactions between any L1, sidechain, or L2 ecosystem, Synapse powers integral blockchain activities such as asset transfers, swaps, and generalized messaging with cross-chain functionality – and in so doing, enables new primitives based on its cross-chain architecture. While Synapse’s focus is on cross-chain transactions, at its core, there has been and continues to be an AMM that enables low slippage swaps between pegged assets on any chain. At any point, users can use Synapse to swap between native stablecoins at the best rates on all Synapse-enabled chains.