Tokens and coins that moved the most in the last 24 hours:
Top Movers of the Day:
- Beam and yearn.finance: These cryptocurrencies have shown remarkable performance over the last day.
- SushiSwap has increased by 6.10% since the 7 p.m. update.
Overview: The past 24 hours have plummeted the crypto market, indicating a significant downturn. NWSBCT Index for Blue Chips: Focusing on the more established cryptocurrencies, colloquially known as the “Blue Chips.” The NWSBCT Index has plunged. After a period of slight fluctuations, the price begins a more pronounced decline from around 1 p.m., continuing to drop with minor recoveries along the way. 2100NEWS Indices: The collection of indices from 2100NEWS, which observes various crypto sectors, recorded losses from -1.63% to -2.2% since the 7 p.m. update. 2100NEWS Total Index (NWST1100): Representing a broad spectrum of the crypto market, this index tracks 1100 significant cryptocurrencies based on their market cap. It has plummeted 3.77% in the last 24 hours, indicating a broad market downturn. Bitcoin and Ether have experienced substantial drops of 4.12% and 4.19%, respectively, in the same period.
The criteria upon which these specific cryptocurrencies and indices have been highlighted are detailed in supplemental notes. The provided data offers a snapshot of the last 24 hours until midnight. Therefore, it may not accurately represent the current market conditions at the time of your inquiry.
SushiSwap is an automated market-making (AMM) decentralized exchange (DEX) currently on the Ethereum blockchain. In addition to DEX, SushiSwap involves a collection of governance, operations, and reward contracts that help grow the SushiSwap ecosystem and utilization. SushiSwap was designed as the next step forward in the Uniswap protocol design: an evolution. Taking Uniswap’s elegant core design, the team added community-oriented features that they believe help improve the protocol’s design and provide further benefits to the actors involved. With SushiSwap, one can also provide some liquidity into a pool and earn rewards through SUSHI tokens. However, unlike Uniswap, those SUSHI tokens will also entitle you to continue earning a portion of the protocol’s fee, accumulated in SUSHI, even if you no longer participate in the liquidity provision. To start providing liquidity and earning SUSHI tokens, anyone holding Uniswap LP tokens can stake those LP tokens into the corresponding initial list of pools. They began earning tokens once rewards started on block 10750000. The list of eligible LP tokens can be added per on-chain governance. At every block, 100 SUSHI tokens will be created. These tokens will be equally distributed to the stakers of each supported pool.
7:10 p.m. update: The top movers of the day are Maple and Render Token. Since 2 p.m., Maple has increased by 6.97%, Render Token is 6.31% higher.
In the afternoon, the crypto markets went down significantly. Since 2 p.m., the large caps measured by 2100NEWS 100 Large Cap Index (NWSL100) have decreased by 1.67%. 2100NEWS Total Index (NWST1100) is 2.00% lower. Moreover, Bitcoin has fallen by 2.12%, Ether even by 2.46%.
Founded in 2019 and led by a team of former bankers and credit investment professionals aiming to improve upon legacy capital markets, Maple is an institutional capital network that provides the infrastructure for credit experts to run on-chain lending businesses and connects institutional lenders and borrowers. Built with both traditional financial institutions and decentralized finance leaders, Maple is transforming capital markets by combining industry-standard compliance and due diligence with the transparent and frictionless lending enabled by smart contracts and blockchain technology. Maple is the gateway to growth for financial institutions, pool delegates, and companies seeking capital on-chain.
Top Movers of the Day (at 2 p.m. update):
- yearn.finance and Render have distinguished themselves as the top movers, with yearn.finance experiencing a 7.80% increase since the morning update.
Overview: In the past 24 hours, the crypto market has consolidated at a new price level following a bullish run. NWSBCT Index for Blue Chips: Focusing on the more established cryptocurrencies, colloquially known as the “Blue Chips.” The NWSBCT Index initially saw a sharp rise, followed by a period of consolidation with some volatility, but it has generally sustained the higher price levels achieved during the surge. 2100NEWS Total Index (NWST1100): Representing a broad spectrum of the crypto market, this index tracks 1100 significant cryptocurrencies based on their market cap; it rose by 2.05% in the last 24 hours. Bitcoin and Ether continued to make gains, with Bitcoin surging by 2.51% and Ether rising by 1.69% in the same period.
Yearn.finance is an aggregator service for decentralized finance (DeFi) investors, using automation to allow them to maximize profits from yield farming. Its goal is to simplify the ever-expanding DeFi space for investors who are not technically minded or who wish to interact in a less committed manner than serious traders. Launched in February 2020, the service, formerly known as iEarn, has seen huge growth in recent months as new products debuted and developers released in-house token YFI.
Top Movers of the Day (at 9 a.m. update):
- Kaspa and Render: These two cryptocurrencies have emerged as the top performers over the last 24 hours. Kaspa has seen a significant rise of 17.45% since midnight.
Overview: The crypto market surged, and the price rose sharply, indicating a bullish trend. After this increase, the price stabilized with minor fluctuations in the last 24 hours.
- NWSBCT Index for Blue Chips: Focusing on the more established cryptocurrencies, colloquially known as the “Blue Chips.” The NWSBCT Index soared. There’s a significant increase, where the price rises sharply, indicating a bullish trend. After this increase, the price seems to stabilize with minor fluctuations.
- 2100NEWS Total Index (NWST1100): Representing a broad spectrum of the crypto market, this index tracks 1100 significant cryptocurrencies based on their market cap; it has soared 5.15% in the last 24 hours.
- Bitcoin and Ether have shown substantial gains, with Bitcoin soaring by 5.20% and Ether surging by 3.72% in the same period.
Kaspa is the fastest and most scalable instant confirmation transaction layer ever built on a proof-of-work engine. Transactions sent to miners can be included immediately in the ledger, structured as a revolutionary blockDAG. Kaspa is based on the GhostDAG/PHANTOM protocol, a scalable Nakamoto Consensus (Bitcoin consensus) generalization. Its design is faithful to Satoshi’s principles in Bitcoin — proof-of-work mining, UTXO-formed isolated state, deflationary monetary policy, no premine, and no central governance. Kaspa is unique in its ability to support high block rates while maintaining the level of security offered by the most secure proof-of-work environments. Kaspa’s current mainnet operates with one block per second. After the ongoing rust language rewrite, the core developers’ goal is to substantially increase the number of blocks per second, attracting the development of smart contracts and DeFi.
Render Token (RNDR)
RenderToken is a distributed GPU rendering network built on top of the Ethereum blockchain. It aims to connect artists and studios needing GPU computing power with mining partners willing to rent their GPU capabilities out. RNDR is an ERC-20 utility token used by artists on the network to exchange for GPU compute power from GPU providers (node operators).