Movers of the Day 21-Sep-2023

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

The day’s top movers are ImmutableX and Helium. Flamingo has risen by 10.18% since 7 p.m.

The cryptocurrency market experienced a decline in the past day, with losses seen across various indices and significant cryptocurrencies. Here are the important details:

1. The NWSBCT Index for Blue Chips, representing prominent cryptocurrencies, often called Blue Chips in the crypto space, has plummeted, as shown in the adjacent chart.
2. The 2100NEWS Total Index (NWST1100), reflecting the overall market sentiment by tracking the performance of 1100 important cryptocurrencies based on their market capitalization, has seen a pullback of 2.21% over the last 24 hours, suggesting a broader market correction, with a notable decrease in the overall market sentiment.
3. During the same 24-hour period, Bitcoin (BTC) has dropped by 2.00%, while Ether (ETH) has seen a more substantial drop of 2.49%.

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.

 

Flamingo (FLM)

2100NEWS ranking: 307, Small cap Non-Ethereum-based Token, Index member: NWST1100, NWSS300, NWSOT50

2100NEWS DA Orderbook Quality Evaluation Grade:  Ordinary, Score: 13.5 (Average for Non-Ethereum-based Tokens: 14)

Flamingo Finance is a Decentralized Finance (DeFi) platform where users can convert assets, wrap assets, provide liquidity, and earn yield through staking. Flamingo’s SmartStake feature enables users to perform all of these actions in a single click. The Flamingo token functions as the rewards token users can earn by adding liquidity to liquidity pools and staking their liquidity pool tokens (LP tokens). The platform facilitates automated transactions between cryptocurrency tokens on the Neo N3 blockchain through the use of smart contracts.

 

The top movers of the day at 19:10 are Bounce Token and LeverFi, which has surged 17.47% since 2 p.m. Bounce Token has increased by 2.99%. IQ is 0.79% higher. In the afternoon, the crypto markets stopped falling, as illustrated by an adjacent chart showing the NWSBCT Index (Blue Chips) movement over the past 24 hours. Nevertheless, in that time, the large caps measured by 2100NEWS 100 Large Cap Index (NWSL100) have decreased by 1.87%. Moreover, the 2100NEWS Total Index (NWST1100) is 2.14% lower. Similarly, Bitcoin has fallen by 2.17%, Ether even by 2.57%.

 

LeverFi (LEVER) 

2100NEWS ranking: 333, Small cap Ethereum-based Token, Index member: NWST1100, NWSS300

2100NEWS DA Orderbook Quality Evaluation Grade: Good, Score: 14.6 (Average for Small caps: 9.9)

LeverFi allows traders to deposit yield-bearing collateral and trade the fluctuations in asset prices at up to 10x leverage. Traders deposit collateral such as BTC, ETH, Curve-LP, Uni-LP, and more to trade changes in asset prices at up to 10x leverage. Collateral is deposited to farming protocols, allowing traders to earn yields and leverage trade simultaneously.

 

The day’s top movers (at 2 p.m.) are ImmutableX and Flux. Maerit Circle has risen by 6.05% since 9 a.m. The cryptocurrency market has experienced a retracement over the last 24 hours, with losses observed in various indices and significant cryptocurrencies. Here are the essential details: The NWSBCT Index for Blue Chips, representing prominent cryptocurrencies, often called Blue Chips in the crypto space, has dropped. The 2100NEWS Indices, which track the performance of various groups of tokens and coins, have reported losses ranging from 1.40% to 2.68% since midnight, indicating that various segments of the cryptocurrency market have experienced significant declines. The 2100NEWS Total Index (NWST1100), reflecting the overall market sentiment by tracking the performance of 1100 important cryptocurrencies based on their market capitalization, has seen a pullback of 1.68% over the last 24 hours, suggesting a broader market correction, with a notable decrease in the overall market sentiment. In the same 24-hour period, Bitcoin (BTC) has fallen by 1.37%, while Ether (ETH) has seen a more significant drop of 2.21%.

 

Merit Circle (MC) 

2100NEWS ranking: 161, Mid-cap Ethereum-based Token, Index member: NWST1100, NWSM200, NWSET100, NWSDM100

2100NEWS DA Orderbook Quality Evaluation Grade:  Poor, Score: 12.6 (Average for Ethereum-based Tokens: 15.8)

Merit Circle is a decentralized autonomous organization that focuses on developing the play-to-earn (P2E) economy. The project wishes to create a new era of gameplay where users can earn money by playing games they love instead of treating them as a simple hobby. The project launched on the 4th of November, 2021, but it has been in development since July 2021. Despite its young age, it already has a massive community, with over 64,800 followers on Twitter.

 

The day’s top movers (at 9 a.m.) were WEMIX and ImmutableX, soaring 29.35% since midnight. The cryptocurrency market has remained stable, with minor price movements over the last 24 hours. Here are the essential details:

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 losses ranging from 0.28% to 1.08% since midnight. This indicates that some segments of the cryptocurrency market have experienced slight declines, but these losses are relatively modest.
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 seen a slight decrease of 0.30% over the last 24 hours.  However, this drop is insignificant and suggests that the overall market sentiment has remained stable with no significant changes.
4. In the same 24-hour period, Bitcoin (BTC) has remained unchanged, while Ether (ETH) has fallen by 0.87%.

 

Immutable X (IMX)

2100NEWS ranking: 62, Large-cap Ethereum-based Token, Index member: NWST1100, NWSL100, NWSTo100, NWSET100

2100NEWS DA Orderbook Quality Evaluation Grade:  Poor, Score: 13.2 (Average for Large-caps: 18.5)

Immutable X is the first layer-2 scaling solution for NFTs on Ethereum, with instant trade confirmation, massive scalability (up to 9,000+ trades per second), and zero gas fees — without compromising user custody. The protocol is built on top of StarkWare’s proving technology, allowing users to retain access to Ethereum’s ecosystem and network effects.

 

WEMIX (WEMIX)

2100NEWS ranking: 171, Mid-cap Non-Ethereum-based Token, Index member: NWST1100, NWSM200, NWSOT50, NWSDM100

2100NEWS DA Orderbook Quality Evaluation Grade: Extremely Weak, Score: 9 (Average for Non-Ethereum-based Tokens: 13.9)

Wemix is a blockchain-based Global Gaming Platform developed by Wemade Tree, a subsidiary company of WEMADE as its flagship blockchain gaming services arm. “Wemix” is a platform for gaming dApps providing users with wallets and a marketplace for digital assets (fungible tokens, non-fungible tokens). Wemix envisions nurturing a blockchain gaming ecosystem with users’ “experiential value” at the core while existing blockchain gaming projects focus on digital asset exchange. Core competencies for Wemix setting a new standard in the blockchain gaming scene are: “Sustainability” Wemade has been serving the global gaming industry for over 20 years; “Substance” Wemade has reached more than 600 million users worldwide with global mega-hit game titles, including ChuanQi (Legend of Mir); “Support” Wemade has ten subsidiaries and 10+ investments made into gaming companies with resources accessible for Wemix; “Scalability” Wemix platform adopted a hybrid “multi-chain” infrastructure (public-bridge-private) to address inherent scalability and transaction cost issues.

 

Ark (ARK)

2100NEWS ranking: 253, Mid-cap, Index member: NWST1100, NWSM200, NWSCo100

2100NEWS DA Orderbook Quality Evaluation Grade:  Poor, Score: 12.6 (Average for Coins: 15.5)

ARK is a cryptocurrency and blockchain-based development platform allowing anyone to create their own fully customizable and interoperable blockchain and reducing the industries’ need for Smart Contracts by using custom transactions, logic, and multiple programming languages. ARK aims to solve the difficulty of working with blockchain technology and developing solutions that satisfy various use cases. The ARK Core Framework gives developers easier access to blockchain technology. This framework consists of the ARK Core, which acts as the backbone of an ARK-based network, peer-to-peer handling operations, ledger database management, API access, and custom business logic.