Movers of the Day 31-May-2023

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

The day’s top movers are Raydium and XDC Network. TrueFi has risen by 9.13% since 7 pm.

Examining the NWSBCT Index for Blue Chips chart over the past 24 hours, we can observe that the cryptocurrency markets have entered a consolidation phase following a notable decline. Data from the 2100NEWS Indices, which monitor the performance of various groups of tokens and coins, supports this observation. The indices have shown a slight increase ranging from 0.07% to 0.80% since 7 pm, suggesting that the market has undergone a period of stabilization and consolidation after the last drop in prices. However, it is important to note that the 2100NEWS Total Index (NWST1100), which measures the performance of 1100 significant crypto assets based on their market capitalization, has witnessed a decline of 2.36%. Furthermore, within the market, Ether has fallen by 2.15%, and Bitcoin has experienced a decline of 2.26%.

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

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.

The day’s top movers (at 7 pm) were Raydium and SelfKey, rising by 6.60% since 2 pm. The downward trend in the cryptocurrency market has indeed resumed. Data from the 2100NEWS Indices, which track the performance of different groups of tokens and coins, confirm this observation by revealing losses across the indices since midnight, ranging from -2.62% to -4.33%. Specifically, the 2100NEWS Total Index (NWST1100), which measures the performance of 1100 significant crypto assets based on their market capitalization, has experienced a notable drop of 2.75%. Additionally, individual cryptocurrencies like Ether have fallen by 2.36%, while Bitcoin has experienced a decline of 2.86%.

SelfKey (KEY)

SelfKey is a Blockchain-based digital identity system that allows individuals and companies to own truly, control, and manage their digital identity and instantly access Citizenship and Residency by Investment, Company Incorporation, Fintech Products, Token Sales, Exchanges, and much more.

The day’s top movers (at 2 pm) are Marlin and Raydium, surging by 24.67% since 9 am. It seems like the cryptocurrency market’s downward trend has come to a stop. Crypto markets stabilized following a recent decline. Data from the 2100NEWS Indices, which track the performance of different groups of tokens and coins, shows that there have been losses across the indices since midnight, ranging from -1.91% to -3.67%. Specifically, the 2100NEWS Total Index (NWST1100), which measures the performance of 1100 significant crypto assets based on their market capitalization, has experienced a sharp drop of 3.01%. Regarding individual cryptocurrencies, Ether has dropped by 2.55%, and Bitcoin has experienced a decline of 3.20%.

Raydium (RAY)

Raydium is an automated market maker (AMM) platform built on Solana, where users can swap, trade, and provide liquidity to earn a 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.

The day’s top movers (at 9 am) were Linear Finance and SelfKey, rising by 9.52% since midnight. The latest update on the cryptocurrency market showed that there had been a decline in the value of major cryptocurrencies. The latest data from the 2100NEWS Indices, which keep track of the performance of various groups of tokens and coins, reveals a range of losses ranging from -1.37% to -2.44% across the indices since midnight. Specifically, the 2100NEWS Total Index (NWST1100), which measures the performance of 1100 significant crypto assets based on their market capitalization, has experienced a decline of 1.94%. This drop in the index suggests a general decrease in the value of major cryptocurrencies. Both Ether and Bitcoin have declined within the market over the past 24 hours, and Ether lost 1.87%, while Bitcoin saw a decline of 2.30%.

Linear Finance (LINA)

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.

Flux (FLUX)

Flux is the new generation of scalable decentralized cloud infrastructure. Develop, manage, and spawn your applications on multiple servers at once—Ready for Web 3.0, Dapps, and more. The Flux Ecosystem is a fully operational suite of decentralized computing services and blockchain-as-a-service solutions that offer an interoperable, AWS-like development environment. The Ecosystem consists of the following components, all fully deployed and operational: Flux, a native GPU mineable POW (Proof of Work) coin providing incentive for hardware hosters, XDAO governance on-chain, and lousy actor mitigation via staking requirements for running hardware.