Movers of the Day 21-Nov-2022

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

Top movers of the day are Bonfida and Beta Finance which has surged 29.05% since 7 pm. Bonfida has increased by 1.08%.

The crypto markets finished the day in red as illustrated by an adjacent chart showing the NWSBCT (Blue Chips) Index movement over the last 24 hours. 2100NEWS Indices ended between -0.86% and -4.18%. 2100NEWS Total Index (NWST1100) ended -3.85%. Bitcoin ended -3.97%, Ether ended -4,59%.

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

Beta Finance (BETA)

Beta Finance is a permissionless money market on Ethereum for borrowing, lending, and shorting crypto assets. It allows users to access a scalable and accessible money market where tokens can be listed permissionless and automatically and where users can short these tokens. Beta Finance plans to launch on additional layer one and layer two solutions after its Ethereum Mainnet launch. Users have three options: lending, borrowing, and shorting. Lenders can lend crypto assets for any market on Beta Finance and earn interest on it. Borrowers can take the contrary position, while short-sellers can use collateral to initiate short positions. Unlike centralized exchanges, Beta Finance does not use an order book to execute shorts but routes the trade through decentralized exchanges that use automated market makers. As part of its Phase 2 launch, the platform plans to release permissionless money market creation.

Top mover of the day at 19:10 is Bonfida which has surged 51.19% since 2 pm. Huobi Token has increased by 8.67%, IQ 0.71%. he crypto markets were still down, According to the yesterday’s closings the large caps measured by 2100NEWS 100 Large Cap Index (NWSL100) have decreased by 1.69%. The mid caps represented by 2100NEWS 200 Mid Cap Index (NWSM200) have fallen by 2.31%. Bitcoin has fallen 1.47%, Ether 2.45%.

Bonfida (FIDA)

Bonfida is known as the top infrastructure developer on Solana. Bonfida was the first project in the Serum Ecosystem. Initially, they provided API services and hosted the flagship Serum DEX since its launch in September 2020. With Bonfida initially offering its Serum UI and API services, it was obvious that there was a demand for products to enrich the experience of users in Decentralised Finance (DEFI). Strong demand for their products encouraged them to launch the ‘FIDA’ token on the 22nd of December 2020. From these beginnings in Q4 – 2020, Bonfida has established itself with several products and revenue streams to synergistically benefit their tokenomics by their Buy & Burn program.

The day’s top movers (at 2 pm) are Serum and Raydium, rising by 8.64% since 9 am. The crypto markets plunged. On the day, the 2100NEWS Indices, which measure the performance of various groups of tokens and coins, reported losses between 0.43% and 2.39%. Over the last 24 hours, the 2100NEWS Total Index (NWST1100), which measures 1100 significant (by market capitalization) crypto assets’ performance, has plunged 2.79%, Bitcoin by 2.85%, and Ether even 3.90%.

Raydium (RAY)

Raydium is an automated market maker (AMM) and liquidity provider built on the Solana blockchain for the Serum decentralized exchange (DEX). Unlike any other AMMs, Raydium provides on-chain liquidity to a central limit orderbook meaning that funds deposited into Raydium are converted into limit orders which sit on Serum’s orderbooks. This gives Raydium LPs access to all of Serum’s order flow as well as their existing liquidity.

The day’s top movers (at 9 am) are Phoenix Global and NEM, surging by 25.54% since midnight.

As illustrated by an adjacent chart showing the NWSBCT (Blue Chips) Index movement, the crypto markets have plunged. After twelve days index price has tested the support again, and maybe that double bottom is formed. On the day, the 2100NEWS Indices, which measure the performance of various groups of tokens and coins, reported losses between 0.83% and 2.32%. Over the last 24 hours, the 2100NEWS Total Index (NWST1100), which measures 1100 significant (by market capitalization) crypto assets’ performance, has plunged 5.46%, Bitcoin by 3.29%, and Ether even 7.37%.

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

NEM (XEM)

NEM’s blockchain platform was designed and coded from the ground up for scale and speed. NEM’s permissioned private blockchain delivers industry-leading transaction rates for internal ledgers. And its revolutionary consensus mechanism and the Supernode program ensure that NEM’s open, public blockchain can grow without compromising throughput or stability.

Phoenix (PHB)

Phoenix Global is the result of the merger between Red Pulse and APEX Network, which took place in November 2020. Phoenix Global focuses on the blockchain enablement of the real economy. The platform aims to employ blockchain technology to unleash the value of real-world assets, such as data, alternative assets, and other intangible asset classes.