Movers of the Day 29-May-2023

2100news (22)

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

The day’s top movers are Linear Finance and NKN, rising by 5.00% since 7 pm.

According to the NWSBCT Index for Blue Chips displayed in the chart, there has been a retracement in the cryptocurrency markets. Recent data from the 2100NEWS Indices, which monitor the performance of various groups of tokens and coins, reveals a range of increases from 0.06% to 0.81% across the indices since 7 pm, despite the retracement. The 2100NEWS Total Index (NWST1100), a significant benchmark for assessing the performance of 1100 major crypto assets based on their market capitalization, has only decreased by 0.05%. Similarly, Bitcoin has experienced a slight decline of 0.29% in the last 24 hours, while Ether has risen by 1.65%.

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

 

 

NKN

NKN (NKN)

2100NEWS ranking: 233, Mid-cap Non-Ethereum-based Token, Index member: NWST1100, NWSM200, NWSOT50
2100NEWS DA Orderbook Quality Evaluation Grade:  Poor, Score: 13, (Average for Non-Ethereum-based Tokens: 14.1)

NKN is a new generation of highly scalable, self-evolving, and self-incentivized blockchain network infrastructure. NKN addresses network decentralization and self-evolution by introducing the Cellular Automata (CA) methodology for dynamism and efficiency.

 

The day’s top movers (at 7 pm) were HEX and Linear Finance, rising by 3.06% since 2 pm. The cryptocurrency markets experienced a recent surge but have since experienced a retracement, suggesting that prices have pulled back after an earlier upward movement. Looking at the performance of the 2100NEWS Total Index (NWST1100), a crucial benchmark for evaluating the performance of 1100 significant crypto assets based on their market capitalization, we see a rise of 1.16% within the last 24 hours. This indicates some resilience in the broader cryptocurrency market. Ether and Bitcoin have seen increases in their values, with Ether experiencing a rise of 2.19% and Bitcoin experiencing growth of 1.32% in the same 24-hour period.

 

LINA

Linear Finance (LINA)

2100NEWS ranking: 272, Mid-cap Ethereum-based Token, Index member: NWST1100, NWSM200
2100NEWS DA Orderbook Quality Evaluation Grade: Ordinary, Score: 13.7, (Average for Mid-caps: 13.2)

Linear Finance (“Linear”) is a non-custodial, cross-chain compatible, delta-one asset protocol. Linear’s long-term DeFi vision is to increase inclusiveness and democratize access to investment assets (digital and traditional). Tremendous value exists in the ability for investors to easily and quickly invest, save fees, and secure assets at fair market value. Linear combines substantial technical experience from numerous crypto projects with extensive financial experience in exotic and structured assets from traditional global asset management firms to bring to market one of the first DeFi projects built upon Ethereum with cross-chain compatibility.

The day’s top movers (at 2 pm) were Linear Finance and HEX, rising by 14.03% since 9 am. Following a notable surge, the cryptocurrency markets transitioned into a consolidation phase. Recent data from the 2100NEWS Indices, which track the performance of multiple groups of tokens and coins, shows widespread gains across the market. Starting at midnight, these gains range from 0.19% to 0.95%. One key highlight is the performance of the 2100NEWS Total Index (NWST1100), a crucial benchmark for evaluating the performance of 1100 significant crypto assets based on their market capitalization. This index has experienced a surge of 2.55%, indicating a positive overall market sentiment. Within the last 24 hours, both Ether and Bitcoin, the leading cryptocurrencies, have witnessed substantial increases. Ether has risen by 3.19%, while Bitcoin has seen a rise of 2.74%.

 

HEX

HEX (HEX)

2100NEWS ranking: 30, Blue chip Ethereum-based Token, Index member: NWST1100, NWSL100, NWS30, NWSTo100, NWSET100, NWSDM100
2100NEWS DA Orderbook Quality Evaluation Grade:  Extremely Weak, Score: 3.4 (Average for Blue chips: 22.7)

HEX is an ERC20 token launched on the Ethereum network. HEX is designed to be a store of value to replace the Certificate of Deposit as the blockchain counterpart of that financial product used in traditional financial markets. HEX is also designed to leverage the emerging DeFi (Decentralised Finance) ecosystem in cryptocurrencies within the Ethereum network. HEX uses the Ethereum network for the transaction layer (sending and receiving HEX tokens and interacting with the HEX smart contract). At the same time, the consensus code and staking mechanism are contained in the HEX smart contract.

 

The day’s top movers (at 9 am) were TomoChain and Linear Finance, surging by 23.11% since midnight. The cryptocurrency markets entered a period of consolidation following a notable surge. Recent data from the 2100NEWS Indices, which track the performance of multiple groups of tokens and coins, reveals gains across the board. Over the same timeframe, these increases ranged from 0.23% to 1.01%. Of great significance is the performance of the 2100NEWS Total Index (NWST1100), an essential benchmark for evaluating the performance of 1100 significant crypto assets based on their market capitalization. This index has experienced a surge of 2.58%. Within the last 24 hours, both Ether and Bitcoin have seen considerable increases, with rises of 3.02% and 2.95%, respectively.

 

 


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