Movers of the Day 1-Jan-2023
Happy New Year 2023
Tokens and coins that moved the most in the last 24 hours:
Top movers of the day are Gains Network and QuarkChain. Since morning Gains Network has increased by 10.74%, QuarkChain 7.38%.
In the afternoon the crypto markets went up and finished the day in green. Today’s crypto market movement is illustrated by an adjacent chart showing the movement of the NWSBCT Index (Blue Chips) over the past 24 hours. The large caps measured by 2100NEWS 100 Large Cap Index (NWSL100) ended +0.70%. 2100NEWS Total Index (NWST1100) ended +0.55%. Similarly, Bitcoin ended +0.50%, Ether ended +0.37%.
Please read the notes to find out which criteria have been selected.
Gains Network (GNS)
| 2100NEWS ranking: 289, Mid-cap Non-Ethereum-based Token, Index member: NWST1100, NWSM200, NWSOT50 |
| 2100NEWS DA Orderbook Quality Evaluation Grade: Poor, Score: 9 (Average for Non-Ethereum-based Tokens: 13) |
Gains Network is developing gTrade, a liquidity-efficient, powerful, and user-friendly decentralized leveraged trading platform. Their uniquely designed synthetic architecture makes gTrade more capital efficient than any existing platform, allows for low trading fees, and a wide range of leverages and pairs (up to 150x on cryptos, up to 1000x on forex, and up to 100x on stocks). The protocol revolves around the ecosystem’s ERC20 utility token (GNS) and ERC721 utility token (NFTs). GNS and the NFTs are designed to be actively used within the platform (utility) and to allow ownership of the protocol through revenue capture & governance (soon). It includes GNS holders receiving platform fees through Single Sided Staking, burning of GNS using platform revenue, NFT holders getting reduced spread and boosted rewards, as well as NFT bots executing limit orders and liquidations.
The day’s top movers are LUKSO and Nexo, rising by 8.25% since midnight.
The crypto markets have trended sideways. On the day, the 2100NEWS Indices, which measure the performance of various groups of tokens and coins, reported losses between -0.01% and -0.74%. Over the last 24 hours, the 2100NEWS Total Index (NWST1100), which measures 1100 significant (by market capitalization) crypto assets’ performance, has risen 0.20%, while Bitcoin has fallen 0.19% and Ether by 0.10%.
Nexo (NEXO)
| 2100NEWS ranking: 73, Large-cap Ethereum-based Token, Index member: NWST1100, NWSL100, NWSTo100, NWSET100 |
| 2100NEWS DA Orderbook Quality Evaluation Grade: Poor, Score: 13.6 (Average for Large-caps: 18.2) |
Nexo delivers the World’s First Instant Crypto-backed Loans, thus resolving a crucial inefficiency for the crypto world. The innovative model of Nexo brings the crypto community the best of both worlds – retaining 100% ownership of their digital assets while having immediate access to cash. Instant Cryptobacked Loans are an automatic, flexible, and cost-efficient way of obtaining liquidity secured by the value of the client’s digital assets. The process is completed in just a few simple clicks: no hidden fees, capital gains taxes, and no credit checks. Transparency is guaranteed through the use of blockchain technology, smart contracts, and algorithmic processes executed by Nexo Oracle.
Marlin (POND)
| 2100NEWS ranking: 285, Mid-cap Ethereum-based Token, Index member: NWST1100, NWSM200 |
| 2100NEWS DA Orderbook Quality Evaluation Grade: Poor, Score: 11.3 (Average for Mid-caps: 12.9) |
Marlin is an open protocol that provides high-performance programmable network infrastructure for DeFi and Web 3.0. The nodes in the Marlin network, called Metanodes, operate the MarlinVM, which provides a virtual router interface for developers to deploy customized overlays and perform edge computations.
Lily
Litecoin