Movers of the Day 21-Mar-2023
Tokens and coins that moved the most in the last 24 hours:
Top movers of the day are BABB and Sologenic. Since 7 pm BABB has surged 22.53%, Sologenic has increased by 6.05%.
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 +0.17% and +4.43% (with the coins moved up the most: NWSCo100 +4.43%). 2100NEWS Total Index (NWST1100) ended +1.41%. Ether ended +2.49%, Bitcoin only +0.17%.
Please read the notes to find out which criteria have been selected.
BABB (BAX)
| 2100NEWS ranking: 574, Small cap Ethereum-based Token, Index member: NWST1100, NWSS300 |
| 2100NEWS DA Orderbook Quality Evaluation Grade: Poor, Score: 6.3 (Average for Small caps: 9.7) |
BABB is the decentralized bank for the microeconomy, providing individuals and businesses with a UK bank account powered by blockchain technology. The account is managed via a smartphone app and provides access to a decentralized payment card. In addition, partnerships with central banks allow for the integration and issuance of other digital currencies worldwide, further stimulating local micro-economies and expanding the reach of the BABB solution and its underlying BAX token. BABB is already an FCA Authorised Payment Institution (API).
Top movers of the day at 19:10 are Sologenic and XRP. Since 2 pm Sologenic has increased by 15.12%, XRP is 14.52% higher. In the afternoon the crypto markets stopped going up. In the last 24 hours the large caps measured by 2100NEWS 100 Large Cap Index (NWSL100) have increased by 2.05% while the midcaps are almost the same (NWSM200 +0.01%). Bitcoin has increased by 1.55%, Ether even 2.46%.
Sologenic (SOLO)
| 2100NEWS ranking: 320, Small cap Non-Ethereum-based Token, Index member: NWST1100, NWSS300, NWSOT50 |
| 2100NEWS DA Orderbook Quality Evaluation Grade: Extremely Weak, Score: 7.6 (Average for Non-Ethereum-based Tokens: 13) |
Sologenic is merging traditional finance with blockchain. The Sologenic ecosystem aims to make it effortless for crypto investors to exchange assets and invest in different conventional financial instruments. The ecosystem aims to eliminate entry barriers for individual and institutional crypto investors. Sologenic allows them to trade non-blockchain asset classes, such as stocks, ETFs, and commodities, with one cryptocurrency, SOLO. SOLO holders can access many stocks from more than 30 global exchanges in North America, Europe, Asia, and Oceania. SOLO will enable people worldwide to buy and sell stock in their favorite companies without the need for traditional brokerages. Sologenic generates stablecoins backed by 1:1 with real-world assets. Each stablecoin represents the ownership of real-world assets. Once tokenized, the asset issued on the blockchain is denominated with the suffix Ƨ; for example, a tokenized asset of TSLA is represented as TSLAƨ.
The day’s top movers (at 2 pm) are XDC Network and JOE, rising by 11.15% since 9 am. The crypto markets have rebounded. On the day, the 2100NEWS Indices, which measure the performance of various groups of tokens and coins, reported gains between 0.19% and 3.37%. Over the last 24 hours, the 2100NEWS Total Index (NWST1100), which measures 1100 significant (by market capitalization) crypto assets’ performance, has fallen 0.23% and Bitcoin by 0.26%, while Ether has risen 1.09%.
JOE (JOE)
| 2100NEWS ranking: 227, Mid-cap Non-Ethereum-based Token, Index member: NWST1100, NWSM200, NWSOT50 |
| 2100NEWS DA Orderbook Quality Evaluation Grade: Good, Score: 15.2 (Average for Non-Ethereum-based Tokens: 13) |
JOE is a token developed by Trader Joe, your one-stop decentralized trading platform on the Avalanche network. JOE is a governance token that rewards holders with a share of exchange revenues. The token distribution follows a fixed supply, decaying emission model. 0.05% of all trades are paid to the xJOE staking pool. A share of fees from lending interest and liquidations will also be paid to the xJOE staking pool. The % will be determined at the launch of the lending product. JOE token holders may stake their JOE to xJOE and receive a share of the revenues. In the long term, the founding team envisions Trader Joe as a community-governed protocol, such as a DAO. JOE is a governance token allowing holders to vote on community proposals.
The crypto markets retraced. The day’s top movers (at 9 am) were XDC Network and JOE, rising by 17.09% since midnight. On the day, the 2100NEWS Indices, which measure the performance of various groups of tokens and coins, reported losses between -1.18% and -2.35%. Over the last 24 hours, the 2100NEWS Total Index (NWST1100), which measures 1100 significant (by market capitalization) crypto assets’ performance, has retraced 3.34%, Bitcoin 2.35%, and Ether 3.15%.
XDC Network (XDC)
| 2100NEWS ranking: 311, Small cap, Index member: NWST1100, NWSS300, NWSCo100 |
| 2100NEWS DA Orderbook Quality Evaluation Grade: Poor, Score: 10.6 (Average for Coins: 15.7) |
XinFin is an enterprise-ready hybrid BlXinFin technology company optimized for international trade and finance. The XinFin network is powered by the native coin called XDC. The XDC protocol is architected to support smart contracts, 2000TPS, 2 seconds transaction time, and KYC to Masternodes (Validator Nodes). The XDC Chain (XinFin Digital Contract) uses XinFin Delegated Proof of Stake (XDPoS), intending to create a ‘highly-scalable, secure, permission, and commercial-grade blockchain network. XinFin mainnet token XDC also creates an opportunity to utilize XinFin’s real-world use cases, such as TradeFinex.org, which helps small and medium businesses or institutions originate their own financial requirements in a digital, fully structured manner so that they can distribute them to the bank or non-bank funders themselves using a common distribution standard.
Branko
Litecoin