Movers of the Day 22-Nov-2022
Tokens and coins that moved the most in the last 24 hours:
Top movers of the day are LeverFi and Chrono.tech which has surged 30.96% since 7 pm. LeverFi is 2.51% higher.
The crypto markets finished the day in green as illustrated by an adjacent chart showing the NWSBCT (Blue Chips) Index movement over the last 24 hours. 2100NEWS Indices ended between+2.37% and +4.39%. 2100NEWS Total Index (NWST1100) ended +3.68%. Bitcoin ended +3.35%, Ether ended +3.46%.
Please read the notes to find out which criteria have been selected.
Chrono.tech (TIME)
| 2100NEWS ranking: 497, Small cap Ethereum-based Token, Index member: NWST1100, NWSS300 |
| 2100NEWS DA Orderbook Quality Evaluation Score: Poor, Score: 4.7 (Average for Small caps: 10) |
Chrono.tech token is developed utilizing the Ethereum ecosystem, specifically leveraging the ERC20 token standard. Chrono.tech is building a comprehensive ecosystem for HR and finance, helping reduce or eliminate the barriers to recruitment and payment processes for both workers and employers. Chrono.tech was founded in 2016 in Sydney, Australia, with the vision of transforming the way Individuals access jobs and Businesses connect with Contractors. As a Fintech Company focusing on HR solutions, Chrono.tech reduces & eliminates the barriers to Recruitment and Payment Processes for both Workers and Employers by utilizing Blockchain Technology.
Top mover of the day at 19:10 is LeverFi which has surged 34.75% since 2 pm. Akash Network has increased by 8.45%, Neblio 4.36%. In the afternoon the crypto markets went up significantly. Since 2 pm 2100NEWS Indices which measure the performance of different groups of tokens and coins have increased up to 4.56%. 2100NEWS Total Index (NWST1100) is 3.60% higher. Bitcoin has increased by 2.80%, Ether even 4.03%.
LeverFi (LEVER)
| 2100NEWS ranking: 485, Small cap Ethereum-based Token, Index member: NWST1100, NWSS300 |
| 2100NEWS DA Orderbook Quality Evaluation Score: Good, Score: 14.6 (Average for Small caps: 10) |
LeverFi allows traders to deposit yield-bearing collateral and trade the fluctuations in asset prices at up to 10x leverage. Traders deposit collateral such as BTC, ETH, Curve-LP, Uni-LP and more to trade changes in asset prices at up to 10x leverage. Collateral are deposited to farming protocols, allowing traders to earn yields and leverage trade at the same time.
The day’s top movers (at 2 pm) are Bonfida and NEST Protocol. Beta Finance has surged by 26.82% since 9 am. The crypto markets have trended sideways. n the last 24 hours, the 2100NEWS Total Index (NWST1100), which measures 1100 significant (by market capitalization) crypto assets’ performance, fell 2.23%, Bitcoin by 2.10%, and Ether by 3.53%.
Beta Finance (BETA)
| 2100NEWS ranking: 285, Mid-cap Ethereum-based Token, Index member: NWST1100, NWSM200 |
| 2100NEWS DA Orderbook Quality Evaluation Score: Poor, Score: 10.7 (Average for Mid-caps: 12.7) |
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.
The crypto markets fell. The day’s top movers (at 9 am) were Bonfida and NEST Protocol, rising by 11.58% since midnight. Over the last 24 hours, the 2100NEWS Total Index (NWST1100), which measures 1100 significant (by market capitalization) crypto assets’ performance, fell 2.71%, Bitcoin by 2.57%, and Ether by 3.54%.
NEST Protocol (NEST)
| 2100NEWS ranking: 193, Mid-cap Ethereum-based Token, Index member: NWST1100, NWSM200, NWSDM100 |
| 2100NEWS DA Orderbook Quality Evaluation Score: Ordinary, Score: 14.1 (Average for Mid-caps: 12.7) |
NEST Protocol is a decentralized price oracle based on Ethereum. NEST provides a creative solution, including collateral asset quotation, arbitrage verification, price chain, beta coefficients, and other modules to form a complete NEST-Protocol.
Bonfida (FIDA)
| 2100NEWS ranking: 507, Small cap Non-Ethereum-based Token, Index member: NWST1100, NWSS300 |
| 2100NEWS DA Orderbook Quality Evaluation Score: Good, Score: 14.3 (Average for Small caps: 10) |
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 is evident 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 benefit its tokenomics through its Buy & Burn program synergistically.
NEM (XEM)
| 2100NEWS ranking: 72, Large-cap, Index member: NWST1100, NWSL100, NWSCo100 |
| 2100NEWS DA Orderbook Quality Evaluation Score: Ordinary, Score: 19 (Average for Large-caps: 18) |
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.
Branko
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