Movers of the Day 17-Feb-2023

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

Top movers of the day are Velo and Hashflow, which has surged 19.53% since 7 pm. Velo is 8.59% 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 +2.41% and +5.44. 2100NEWS Total Index (NWST1100) ended +3.30%. Bitcoin ended +2.33%, Ether ended +3.71%.

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

Hashflow (HFT)

Hashflow is a decentralized exchange designed for interoperability, zero slippage, and MEV-protected trades. It allows you to trade any asset on any chain in seconds simply by connecting your wallet. All trades are commission-free, and all price quotes are executed at their displayed price, giving you the most value for your buck on every trade.

Top movers of the day at 19:10 are Filecoin and Velo. Since 2 pm Filecoin has surged 14.79%, Velo even 22.70%.

In the afternoon the crpyto markets recovered slightly. Since 2 pm 2100NEWS Indices which measure the performance of different groups of tokens and coins have increased up to 2.27% but they are still about 1.5% lower than 24 hours ago. 2100NEWS Total Index (NWST1100) is 1.66% higher (as of 2 pm). Bitcoin has increased by 1.91%, Ether 1.57%.

Filecoin (FIL)

Filecoin is a decentralized storage system that aims to “store humanity’s most important information.” Filecoin is an open protocol and backed by a blockchain that records commitments made by the network’s participants, with transactions made using FIL, the blockchain’s native currency. The blockchain is based on both proof-of-replication and proof-of-spacetime. Filecoin aims to store data in a decentralized manner. Unlike cloud-storage companies like Amazon Web Services or Cloudflare, which are prone to the problems of centralization, Filecoin leverages its decentralized nature to protect the integrity of a data’s location, making it easily retrievable and hard to censor.

The day’s top movers (at 2 pm) are TrueFi and Filecoin. Dogelon Mars has risen by 16.26% since 9 am. The crypto markets have consolidated. During the same period, the 2100NEWS Total Index (NWST1100), which measures 1100 significant (by market capitalization) crypto assets’ performance, has fallen 1.92%, Bitcoin by 2.90%, and Ether by 1.22%.

Dogelon Mars (ELON)

Dogelon Mars is a dog-themed meme coin on Ethereum and Polygon. It follows the example of other successful dog coins like Dogecoin, Shiba Inu, and Floki Inu. Dogelon Mars plays on several popular themes in the meme coin space. Its name is a mixture of Dogecoin and Elon Musk, the billionaire entrepreneur who is an outspoken supporter of Doge. It alludes to Mars, a spin on the famous moon meme, implying that Dogelon will experience a massive upward movement. Beyond its tongue-in-cheek name, Dogelon Mars has built a significant community, with more than 300,000 Twitter followers and more than 84,000 followers on Telegram.

The crypto markets retraced. The day’s top movers (at 9 am) were TrueFi and Gains Network, soaring 59.78% since midnight. Over the last 24 hours, the 2100NEWS Total Index (NWST1100), which measures 1100 significant (by market capitalization) crypto assets’ performance, retraced 2.66%, Bitcoin by 3.72%, and Ether by 1.37%.

Gains Network (GNS)

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.

TrueFi (TRU)

TrueFi is a protocol for creating interest-bearing pools with a high APR for liquidity providers. TrueFi includes utility and rewards mechanisms using TrustTokens (TRU) and rewards participants for maintaining stable, high APRs.