Movers of the Day 11-Jun-2023

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

Top movers of the day are Linear Finance and Strike. Since morning Linear Finance has surged 15.01%, Strike has increased by 0.68%.

During the day the crypto markets were going up and finished in green. 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 +0.69% and +1.72%. Our main 2100NEWS Total Index (NWST1100) ended +1.02%. Similarly, Bitcoin ended +1.04%, Ether ended +1.10%.

Please read the notes to find out which criteria have been selected. The market information provided only reflects the state of the market up to midnight in the last 24 hours. Therefore, it may not accurately represent the current market conditions at the time of your inquiry.

 

LINA

Linear Finance (LINA)

2100NEWS ranking: 180, Mid-cap Ethereum-based Token, Index member: NWST1100, NWSM200, NWSDM100
2100NEWS DA Orderbook Quality Evaluation Grade: Ordinary, Score: 13.7 (Average for Mid-caps: 13.1)

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.

 

Top movers of the day are Strike and Radicle. Since midnight Strike has surged 16.25%, Radicle is 11.27% higher. Solana has increased by 0.52%.

Today the crypto markets started out at the same levels as they finished last night. In the last 24 hours the large caps measured by 2100NEWS 100 Large Cap Index (NWSL100) have increased by 3.88%. Our main 2100NEWS Total Index (NWST1100) which measures the performance of the major 1100 crypto assets by market capitalization is 1.64% higher. Bitcoin has increased by 0.94%, Ether +2.95%.

 

STRK

Strike (STRK)

2100NEWS ranking: 364, Small cap Ethereum-based Token, Index member: NWST1100, NWSS300
2100NEWS DA Orderbook Quality Evaluation Grade: Poor, Score: 8.3 (Average for Small caps: 9.7)

Strike is an autonomous and decentralized money market that enables variable based rates for supplying digital asset collaterals to the protocol and from borrowing digital assets from the protocol with over-collateralized assets. The tokenization of digital assets onto the Strike protocol will unlock liquidity from that asset without having to liquidate and/or sell that asset in the market. Money Markets allow users to tap into a peer-to-peer marketplace where all interactions are validated against open-source smart contracts running on the immutable Ethereum blockchain. The entire Strike protocol is operated by its community with no centralized control or team tokens exercising power over the protocol’s governance. Strike is designed to protect the equilibrium between borrowers and suppliers by allowing liquidators to handle bad vaults and collecting a premium for stabilizing the protocol. Strike users are in control by interacting with the STRK utility token to govern and operate the platform with consensus.

 

RAD

Radicle (RAD)

2100NEWS ranking: 220, Mid-cap Ethereum-based Token, Index member: NWST1100, NWSM200, NWSET100, NWSDM100
2100NEWS DA Orderbook Quality Evaluation Grade: Poor, Score: 12 (Average for Ethereum-based Tokens: 15.8)

Radicle is a decentralized network for code collaboration. The project’s mission is to develop resilient infrastructure for open-source communities that is secure, sovereign, and exclusively built on open protocols, not platforms. Radicle’s protocols enable developers to collaborate on code without relying on trusted intermediaries. Its peer-to-peer network is complemented by an opt-in Ethereum innovative contract system that enables global names, decentralized organizations, and protocols that help maintainers sustain their open-source work. With Ethereum, Radicle is harnessing the power of Ethereum and DeFi to enable developers to own their collaboration infrastructure. Since launching in beta this past December, Radicle has seen over 1,000 projects published to the network and garnered substantial interest across the Web3 ecosystem.

 

SOL

Solana (SOL)

2100NEWS ranking: 6, Blue chip, Index member: NWST1100, NWSL100, NWS30, NWSCo100
2100NEWS DA Orderbook Quality Evaluation Grade: Ordinary, Score: 24 (Average for Blue chips: 23.9)

Founded by former Qualcomm, Intel, and Dropbox engineers in late 2017, Solana is a single-chain, delegated-Proof-of-Stake protocol focused on delivering scalability without sacrificing decentralization or security. Core to Solana’s scaling solution is a decentralized clock titled Proof-of-History (PoH), built to solve the problem of time in distributed networks where there is no single, trusted source of time. Using Verifiable Delay Functions, PoH allows each node to generate timestamps locally with SHA256 computations. This eliminates the need for the broadcasts of timestamps across the network, improving overall network efficiency.

 


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