Movers of the Day 5-Nov-2023
Tokens and coins that moved the most in the last 24 hours:
Top movers of the day are MultiversX and Venus which has increased by 10.20% since morning. PancakeSwap is 7.07% higher.
Most tokens and coins finished the day higher as illustrated by an adjacent chart showing the movement of the NWSBCT Index (Blue Chips) over the past 24 hours. The large caps measured by 2100NEWS 100 Large Cap Index (NWSL100) ended +2.43%. Our main 2100NEWS Total Index (NWST1100) ended +0.63%. Ether ended +1.56% while Bitcoin ended -0.62%.
The criteria upon which these specific cryptocurrencies and indices have been highlighted are detailed in additional notes. The provided data offers a snapshot until midnight in the last 24 hours. Therefore, it may not accurately represent the current market.
Venus (XVS)
| 2100NEWS ranking: 213, Mid-cap Non-Ethereum-based Token, Index member: NWST1100, NWSM200, NWSOT50 |
| 2100NEWS DA Orderbook Quality Evaluation Grade: Good, Score: 17 (Average for Non-Ethereum-based Tokens: 13.9) |
Venus Protocol is an algorithmic-based money market system designed to bring a complete decentralized finance-based lending and credit system to the Binance Smart Chain. Venus enables users to utilize their cryptocurrencies by supplying collateral to the network that may be borrowed by pledging over-collateralized cryptocurrencies. This creates a secure lending environment where the lender receives a compounded interest rate annually (APY) paid per block while the borrower pays interest on the cryptocurrency borrowed.
Top movers of the day are MultiversX and PancakeSwap. Since midnight MultiversX has surged 41.09%, PancakeSwap has increased by 18.18%.
Most cryptocurrencies moved higher this morning. Since midnight the tokens built on Ethereum represented by 2100NEWS Ethereum Based Index (NWSET100) have increased by 2.03%. Our main 2100NEWS Total Index (NWST1100) which measures the performance of the major 1100 crypto assets by market capitalization is 0.82% higher. Ether has increased by 1.67% while Bitcoin is unchanged.
MultiversX (EGLD)
| 2100NEWS ranking: 40, Large-cap, Index member: NWST1100, NWSL100, NWSCo100 |
| 2100NEWS DA Orderbook Quality Evaluation Grade: Ordinary, Score: 20.7 (Average for Large-caps: 18.3) |
Elrond is a distributed transactional computation protocol that relies on a sharded state architecture and a secure Proof of Stake consensus mechanism. While most other blockchain networks require custom hardware and high energy consumption, Elrond runs on average computers.
PancakeSwap (CAKE)
| 2100NEWS ranking: 88, Large-cap Non-Ethereum-based Token, Index member: NWST1100, NWSL100, NWSTo100, NWSOT50, NWSDM100 |
| 2100NEWS DA Orderbook Quality Evaluation Grade: Poor, Score: 16.8 (Average for Large-caps: 18.3) |
PancakeSwap is the leading decentralized exchange on BNB Smart Chain, with the highest trading volumes in the market. PancakeSwap runs on BNB Smart Chain, a blockchain with much lower transaction costs than Ethereum or Bitcoin. Trading fees are lower than other top decentralized exchanges too, so that’s a double win for you! Unlike centralized exchanges like Binance or Coinbase, PancakeSwap doesn’t hold your funds when you trade: you have 100% ownership of your own crypto.
Immutable (IMX)
| 2100NEWS ranking: 59, Large-cap Ethereum-based Token, Index member: NWST1100, NWSL100, NWSTo100, NWSET100, NWSDM100 |
| 2100NEWS DA Orderbook Quality Evaluation Grade: Poor, Score: 13.2 (Average for Large-caps: 18.3) |
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.
Lily
Litecoin