Movers of the Day 2-Apr-2023

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

Top movers of the day are Solar and Ampleforth Governance Token which has increased by 9.11% since morning. Solar is 0.52% higher.

During the day the crypto markets were sliding down and finished in red. 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. 2100NEWS Indices which measure the performance of different groups of tokens and coins ended between -0.47% and -2.55%. Our main 2100NEWS Total Index (NWST1100) ended -1.72%. Bitcoin ended -1.63%, Ether ended -1.84%.

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

 

FORTH

Ampleforth Governance Token (FORTH)

2100NEWS ranking: 346 Small cap Non-Ethereum-based Token, Index member: NWST1100, NWSS300
2100NEWS DA Orderbook Quality Evaluation Grade: Good, Score: 12.2 (Average for Small caps: 9.6)

FORTH is a new governance token that completes the AMPL ecosystem by putting control of the protocol in the hands of the community. Anyone who has interacted with the AMPL ecosystem on-chain can claim FORTH tokens. FORTH is the mechanism by which the community will vote on parameter changes to the core AMPL protocol and, more broadly, the tool the community will use to steer the continued evolution of the Ampleforth ecosystem. Where AMPL represents an independent currency that functions as a unit of account, FORTH is the governing mechanism that oversees its evolution. FORTH is an inflationary token that can be directly utilized or delegated to propose and vote on changes to the Ampleforth protocol. Its model is an extension of Compound Finance’s COMP. To ensure a fair system that offers proper incentives for all network participants, initial governance parameters will be set when deploying on-chain governance. Additionally, you will be able to delegate your FORTH to “representatives” who will then be able to utilize your voting power to propose changes or vote on your behalf.

 

Top movers of the day are Solar and Raydium. Since midnight Solar has surged 15.71%, Raydium is 11.66% higher. BurgerCities has increased by 10.87%.

Most cryptocurrencies moved higher this morning. Since midninight the coins (measured without Bitcoin and Ether) represented by 2100NEWS Coin Index (NWSCo100) have increased by 0.44%. Our main 2100NEWS Total Index (NWST1100) which measures the performance of the major 1100 crypto assets by market capitalization has increased by 0.10%. Ether is 0.15% higher while Bitcoin is slightly lower (-0.05%).

 

SXP

Solar (SXP)

2100NEWS ranking: 152, Mid-cap, Index member: NWST1100, NWSM200, NWSTo100, NWSET100
2100NEWS DA Orderbook Quality Evaluation Grade: Poor, Score: 12.8 (Average for Tokens: 15.6)

SXP is the native utility token of the Solar blockchain. Users can stake it to secure the network, earn rewards, and pay transaction fees on the Solar blockchain. They can also help govern the Solar blockchain by proposing and voting on changes to the protocol and earning rewards for providing liquidity. Additionally, Solar DApps use SXP as their primary currency. Solar is built on the Solar Core, a Layer-1 Blockchain Framework. The Solar blockchain uses the Delegated Proof-of-Stake Consensus (DPoS). The network is protected and supported through DPoS by 53 delegates, node operators, or validators. Solar is an enterprise-level blockchain ecosystem powered by open-source developers and community participation which aims to create a transparent governance ecosystem. Developers constructing DApps on the Solar platform have access to various features, such as smart contracts, decentralized storage, and numerous tools and resources, all of which are provided by Solar Core.

 

BURGER

BurgerCities (BURGER)

2100NEWS ranking: 475, Small cap Non-Ethereum-based Token, Index member: NWST1100, NWSS300
2100NEWS DA Orderbook Quality Evaluation Grade: Ordinary, Score: 11.2 (Average for Small caps: 9.6)

BurgerSwap is the first democratized decentralized AMM on the Binance Smart Chain, built without the control of any centralized entity through smart contracts. BurgerSwap has been developed based on the DEMAX decentralized finance platform built on Binance Smart Chain, enabling a swapping mechanism with democratic, decentralized mechanics, which allows changing parameters by the community through transparent voting.

 

RAY

Raydium (RAY)

2100NEWS ranking: 326, Small cap Non-Ethereum-based Token, Index member: NWST1100, NWSS300, NWSOT50
2100NEWS DA Orderbook Quality Evaluation Grade: Good, Score: 16.5 (Average for Non-Ethereum-based Tokens: 13.2)

Raydium is an automated market maker (AMM) platform built on Solana where users can swap, trade and provide liquidity to earn yield on digital assets. However, unlike other AMM platforms, Raydium’s AMM provides on-chain liquidity to Serum’s central limit order book, meaning that Raydium’s users and liquidity pools have access to the order flow and liquidity of the entire Serum ecosystem, and vice versa.

 


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