Movers of the Day 26-Nov-2022

November 26, 20226min403

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

The day’s top movers are Cocos-BCX and MobileCoin, soaring 171% since 9 am.

As illustrated by an adjacent chart showing the NWSBCT (Blue Chips) Index movement over the last 24 hours, the crypto markets have trended sideways. During the same time, the 2100NEWS Total Index (NWST1100), which measures 1100 significant (by market capitalization) crypto assets’ performance, has risen 0.70%, Bitcoin by 0.04%, and Ether by 0.86%.

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



MobileCoin (MOB)

2100NEWS ranking: 290, Mid-cap, Index member: NWST1100, NWSM200, NWSCo100
2100NEWS DA Orderbook Quality Evaluation Grade:  Ordinary, Score: 14.5, (Average for Coins: 15.3)

MobileCoin is an encrypted-focused cryptocurrency designed for use in everyday transactions. MobileCoin addresses four fundamental issues: Security, Transaction Speed, Energy Consumption, and Optimization for Mobile devices. No one except the sender and receiver can see the transaction details, and the public blockchain is encrypted to ensure security. MobileCoin is an unrivaled cryptocurrency designed to be fast and secure enough to be used for mobile transactions.


The crypto markets rose. The day’s top movers (at 9 am) were Huobi Token and Ren, rising by 17.38% since midnight. On the day, the 2100NEWS Indices, which measure the performance of various groups of tokens and coins, reported gains between 0.64% and 1.50%. Over the last 24 hours, the 2100NEWS Total Index (NWST1100), which measures 1100 significant (by market capitalization) crypto assets’ performance, has risen 2.00%, Bitcoin by 0.90%, and Ether even 3.01%.



Ren (REN)

2100NEWS ranking: 159, Mid-cap Ethereum-based Token, Index member: NWST1100, NWSM200, NWSTo100, NWSET100
2100NEWS DA Orderbook Quality Evaluation Grade:  Ordinary, Score: 17.3, (Average for Tokens: 15.5)

Ren is an open protocol meant to enable the permissionless and private transfer of value between any blockchRen’sRen’s core product, RenVM, is focused on bringing interoperability to decentralized finance (DeFi).



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.





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