Movers of the Day 31-Aug-2023

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

The day’s top movers are Maker and JOE. Akropolis has risen 6.81% since 7 p.m.

Over the last day, the cryptocurrency market has experienced a significant downturn over the past 24 hours. Here’s a summary of the key points:

1. The NWSBCT Index for Blue Chips, representing prominent cryptocurrencies, often called Blue Chips in the crypto space, has plunged, as shown in the chart next to it.
2. The 2100NEWS Indices, which track the performance of various groups of tokens and coins, have reported losses ranging from 0.86% to 1.14% since 7 p.m.
3. The 2100NEWS Total Index (NWST1100), reflecting the overall market sentiment by tracking the performance of 1100 significant cryptocurrencies based on their market capitalization, has taken a considerable hit, plunging by 3.94% over the last 24 hours. This indicates that the broader cryptocurrency market has experienced a notable decrease in sentiment.
4. Within the same 24-hour timeframe, Ether plunged by 3.43%, while Bitcoin experienced an even more significant drop of 4.75%.

Please read the notes to find out by what criteria they 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.

Akropolis (AKRO)

Akropolis is a domain-specific financial protocol dedicated to the needs of the informal economy. It is designed to: (1) enable anybody, regardless of geography, to quickly set up, operate, and grow informal autonomous financial organizations (AFOs), e.g., digital co-ops, guilds, mutuals; (2) enable a previously impossible interoperable scalable network between them and external third parties, whereby value can be exchanged freely in a trust-minimized way (e.g. co-invest, lend/borrow, trade); (3) reduce instances of fraud and misuse of funds.

The top movers of the day at 19:10 are JOE and Unifi Protocol DAO. Since 2 p.m., JOE has increased by 12.36%, and Unifi Protocol DAO is 10.49% higher. In the afternoon, the crypto markets fell sharply, as illustrated by an adjacent chart showing the NWSBCT Index (Blue Chips) movement over the past 24 hours. Since 2 p.m., the large caps measured by 2100NEWS 100 Large Cap Index (NWSL100) have decreased by 3.07%. 2100NEWS Total Index (NWST1100) is 3.34% lower. Bitcoin has fallen by 3.68%, Ether by 3.23%.

Unifi Protocol DAO (UNFI)

Unifi Protocol DAO is a group of non-custodial, interoperable, decentralized, and multi-chain smart contracts providing the building blocks for the next generation of DeFi development. The Unifi Protocol is designed to provide developers with functional DeFi building blocks linking multiple blockchains into one large DeFi marketplace. uTrade is the working proof-of-concept for harnessing multi-chain and multi-platform liquidity mining to power UNFI, Unifi’s Global Governance Token.

The day’s top movers (at 2 p.m.) are Fetch.ai and JOE, rising 15.71% since 9 a.m. Over the last 24 hours, the cryptocurrency market has been trading within a narrow range. Here’s a breakdown of the key points:

1. The NWSBCT Index for Blue Chips, representing prominent cryptocurrencies, often called Blue Chips in the crypto space, has trended sideways.
2. The 2100NEWS Indices, which track the performance of various groups of tokens and coins, have reported gains ranging from 0.38 to 1.30% since midnight.
3. The 2100NEWS Total Index (NWST1100), reflecting the overall market sentiment by tracking the performance of 1100 significant cryptocurrencies based on their market capitalization, has a minor decrease of 0.10% over the last 24 hours.
4. Within the same 24-hour timeframe, Ether (ETH) saw a minor decrease of 0.03%, while Bitcoin (BTC) experienced a slight increase of 0.05%.

JOE (JOE)

JOE is a token developed by Trader Joe, your one-stop decentralized trading platform on the Avalanche network. JOE is a governance token that rewards holders with a share of exchange revenues. The token distribution follows a fixed supply, decaying emission model. 0.05% of all trades are paid to the xJOE staking pool. A share of fees from lending interest and liquidations will also be paid to the xJOE staking pool. The % will be determined at the launch of the lending product. JOE token holders may stake their JOE to xJOE and receive a share of the revenues. In the long term, the founding team envisions Trader Joe as a community-governed protocol, such as a DAO. JOE is a governance token allowing holders to vote on community proposals.

The day’s top movers (at 9 a.m.) were Fetch.ai and JOE, rising 10.88% since midnight. Over the last 24 hours, the cryptocurrency market saw a retracement following a substantial surge. Here’s an overview of the key developments: The NWSBCT Index for Blue Chips, representing prominent cryptocurrencies, often called Blue Chips in the crypto space, has retraced. The 2100NEWS Total Index (NWST1100), reflecting the overall market sentiment by tracking the performance of 1100 significant cryptocurrencies based on their market capitalization, has fallen by 0.65% over the last 24 hours. Within the same 24-hour timeframe, both Ether (ETH) and Bitcoin (BTC) observed price retractions. Ether saw a decline of 0.80%, while Bitcoin decreased by 0.55%.