Movers of the Day 5-Jun-2023

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

Top movers of the day are Metal DAO and ABBC Coin. Metal DAO ended +18.69%, ABBC Coin ended +10.69%.

The crypto markets finished the day deep in red as illustrated by an adjacent chart showing the movement of the NWSBCT Index (Blue Chips) over the past 24 hours. 2100NEWS Indices ended between -5.52% and -10.44%. 2100NEWS Total Index (NWST1100) ended -6.49%. Bitcoin ended -5.72%, Ether ended -5.09%.

 

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

 

Metal DAO (MTL)

2100NEWS ranking: 238, Mid-cap Ethereum-based Token, Index member: NWST1100, NWSM200

2100NEWS DA Orderbook Quality Evaluation Grade:  Good, Score: 16.7 (Average for Mid-caps: 13.1)

Metal is a digital currency for MetalPay that enables global instant payment by utilizing just a phone number. MTL is fairly decentralized with the support of a process called Proof of Processed Payments (PoPP). Members and participants could earn rewards in MTL by spending or making a purchase. The maximum supply is 66.5 million MTL. Users can get up to 5% MTL on every purchase. They can also receive high interest when investing in MTL.

 

Top movers of the day at 19:10 are Metal DAO and FLEX which has increased by 6.74% since 2 pm. Metal DAO is 1.79% higher. tomiNet has decreased by 1.59%. In the afternoon the crypto markets fell sharply mainly due to the SEC’s filing of charges against Binance (the press release can be read here: https://www.sec.gov/news/press-release/2023-101). Since 2 pm 2100NEWS Indices have dropped between 3.24% and 6.89%. 2100NEWS Total Index (NWST1100) is 4.49% lower. Bitcoin has fallen by 3.85%, Ether by 3.17%.

 

FLEX (FLEX)

2100NEWS ranking: 3874 Non-Ethereum-based Token, Index member: –

2100NEWS DA Orderbook Quality Evaluation Score: 4.7

Founded in 2019, CoinFLEX is the home of crypto yield. The platform offers innovative solutions such as flexUSD — the world’s first interest bearing stablecoin — and AMM+, the most capital–efficient automated market maker for today’s investors. CoinFLEX is dedicated to providing an easily accessible venue for users to earn and trade crypto with minimal friction.

 

The day’s top movers (at 2 pm) are TomiNet and Metal DAO, rising by 12.25% since 9 am. The cryptocurrency markets are currently in a consolidation phase after a recent decline in the last 24 hours. This consolidation phase suggests the market stabilizes after experiencing a downward trend. Data from the 2100NEWS Indices, which monitor the performance of various groups of tokens and coins, show losses across the indices since midnight. These losses range from -1.51% to -2.78%, indicating a general decline in the performance of cryptocurrencies during this period. Additionally, the broader cryptocurrency market, represented by the 2100NEWS Total Index (NWST1100), which measures the performance of 1100 significant crypto assets based on their market capitalization, has experienced a drop of 1.61%. Bitcoin (BTC) and Ether (ETH) have both experienced declines in the last 24 hours. BTC has dropped by 1.56%, while ETH has decreased by 1.78%.

 

Metal DAO (MTL)

 

The day’s top movers (at 9 am) were Victoria VR and Multichain, surging by 23.87% since midnight. There was a recent decrease in the overall performance of the crypto markets. According to the 2100NEWS Indices, which monitor the performance of various groups of tokens and coins, losses ranging from -1.20% to -2.68% across indices have been reported since midnight. Furthermore, the broader cryptocurrency market, represented by the 2100NEWS Total Index (NWST1100), which measures 1100 significant (by market capitalization) crypto assets’ performance, has experienced a drop of 1.42%. This index measures the performance of 1100 significant crypto assets based on their market capitalization. Bitcoin (BTC) and Ether (ETH) have both experienced a decline in the last 24 hours, with BTC dropping by 1.23% and ETH decreasing by 1.46%.

 

Multichain (MULTI)

2100NEWS ranking: 227, Mid-cap Ethereum-based Token, Index member: NWST1100, NWSM200, NWSDM100

2100NEWS DA Orderbook Quality Evaluation Grade: Ordinary, Score: 13.1, (Average for Mid-caps: 13.1)

Multichain is the ultimate Router for web3. It is an infrastructure developed for arbitrary cross-chain interactions. Multichain was born as Anyswap on the 20th of July 2020 to serve the clear needs of different and diverse blockchains to communicate with each other. Each blockchain has unique services that it provides, its own community, and its development ecosystem.

 

Terra Classic (LUNC)

2100NEWS ranking: 245, Mid-cap, Index member: NWST1100, NWSM200, NWSCo100, NWSDM100

2100NEWS DA Orderbook Quality Evaluation Grade: Extremely Weak, Score: 3 (Average for Coins: 15.2)

Luna Classic is the first native token of the Terra blockchain, released in August 2018. LUNC existed before the launch of the new chain — now branded Terra (LUNA) — and works with the original code of the Terra ecosystem. The primary function that the native token performed was to absorb the price deviation of the algorithmic stablecoin — $UST. The price of the UST stablecoin was pegged to the US dollar by minting and burning UST tokens to balance the supply and demand of the coin. In May 2022, UST lost its peg and collapsed. The UST stablecoin algorithm created trillions of LUNA tokens, fell into a hyperinflationary spiral, and reduced the value of the original LUNA token by 99%.

Terra (LUNA) and Terra Classic (LUNC) have the right to exist due to the implementation of a proposal called Terra Ecosystem Revival Plan 2. The essence of the plan is to split the current blockchain through forking,  creating a new chain in the ecosystem, and preserving the previous version. According to the recovery plan, the existing chain and token have been rebranded as Terra Classic. The new LUNA tokens were airdropped to existing holders of LUNA and UST before the depeg and the subsequent crash occurred.

 

 

Victoria VR (VR)

2100NEWS ranking: 622, Microcap Ethereum-based Token, Index member: NWST1100, NWSMi500

2100NEWS DA Orderbook Quality Evaluation Grade: Poor, Score: 4.2 (Average for Microcap: 6.3)

Victoria VR is a Blockchain-based MMORPG in Virtual Reality with Realistic Graphics built on Unreal Engine, created and owned by its users. The whole world is built to be a universal platform for all virtual realities, games, and decentralized applications, collectively creating a Metaverse — a shared virtual realm, the 3D internet. In the Victoria VR World, there will be games, quests, never-ending adventures, virtual galleries, and The Big Market VR, where you can exchange NFTs in 3D! In addition, users will be rewarded for each of their activities in the VR world.