Movers of the Day 8-Dec-2023
Tokens and coins that moved the most in the last 24 hours:
Top movers of the day are Samoyedcoin and BENQI which has surged 28.30% since 7 pm. Samoyedcoin has ncreased by 5.03%. Raydium is 4.08% higher.
The crypto markets finished the day higher as illustrated by an adjacent chart showing the movement of the NWSBCT Index (Blue Chips) over the past 24 hours. 2100NEWS Indices ended between +1.96% and +6.67%. 2100NEWS Total Index (NWST1100) ended +2.95%. Bitcoin ended +2.54%, Ether ended +0.39%.
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.
BENQI (QI)
| 2100NEWS ranking: 419, Small cap Non-Ethereum-based Token, Index member: NWST1100, NWSS300 |
| 2100NEWS DA Orderbook Quality Evaluation Grade: Good, Score: 13.5 (Average for Small caps: 10) |
BENQI is a suite of decentralized finance protocols built on Avalanche. It consists of the BENQI Markets, BENQI Liquid Staking and Ignite. BENQI Markets enables users to effortlessly lend, borrow, and earn interest with their digital assets. Depositors providing liquidity to the protocol earn yield, while borrowers are able to borrow in an over-collateralized manner. BENQI Liquid Staking is an Avalanche liquid staking solution that tokenizes staked AVAX. By tokenizing AVAX through liquid staking, users are given the ability to use, swap or collateralize the yield-bearing asset within Decentralized Finance applications.
7:10 p.m. update: Top movers of the day are Samoyedcoin and Raydium. Since 2 pm Samoyedcoin has surged 20.07%, Raydium is 19.19% higher.
In the afternoon the crypto markets were still up. In the last 24 hours 2100NEWS Indices have increased up to 5.87%. 2100NEWS Total Index (NWST1100) is 1.81% higher. Bitcoin has increased by 0.79%, Ether by 0.77%.
Samoyedcoin (SAMO)
| 2100NEWS ranking: 660, Microcap Non-Ethereum-based Token, Index member: NWST1100, NWSMi500 |
| 2100NEWS DA Orderbook Quality Evaluation Grade: Poor, Score: 3.7 (Average for Microcap: 6.6) |
Samoyedcoin is Solana’s meme coin, aiming to be community-owned and fun. It was inspired by Dogecoin, Sam Bankman-Fried (CEO of Alameda Research and FTX), and Anatoly Yakovenko (co-founder of Solana), hence choosing the dog breed Samoyed, bringing these two giants together. It aims to help grow Solana’s ecosystem by appealing beyond its core, mostly composed of highly technological coins. The community is already strong, with SAMO only a few months old and growing larger by appealing to people who would not be interested in cryptocurrencies. It has all the upsides of Solana’s blockchain (high scalability, high speed, low fees) while being a fun cryptocurrency to trade.
Top Movers of the Day (at 2 p.m. update):
- BitTorrent and Jito Labs: These two cryptocurrencies have experienced substantial gains over the last 24 hours,
- Cardano has risen by 9.11% since the morning update.
Overview: The market has continued its upward surge, significantly supported by Ether’s exceptional growth of 5.11%, which has played a substantial role in the current bullish trend. NWSBCT Index for Blue Chips: Focusing on the more established cryptocurrencies, colloquially known as the “Blue Chips.” The NWSBCT Index has shown a steady upward trend since the previous day at 3 p.m., with the NWSBCT Index reflecting a broader market reversal and increasing buying momentum. 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 3.12%, indicating a strong upward movement across a broad array of cryptocurrencies in the last 24 hours. Bitcoin and Ether: Bitcoin has seen a rise of 1.14%, while Ether’s surge of 5.11% has been more pronounced, emphasizing Ether’s significant influence on the market’s positive dynamics.
Cardano (ADA)
| 2100NEWS ranking: 6, Blue chip, Index member: NWST1100, NWSL100, NWS30, NWSCo100 |
| 2100NEWS DA Orderbook Quality Evaluation Grade: Good, Score: 31.1 (Average for Blue chips: 23.7) |
Cardano is a decentralized blockchain network and virtual currency project. It is entirely open-source, aiming to establish a smart contract system with more advanced functionalities than existing protocols. It concentrates on evolving out of scientific philosophy, utilizing a research-driven approach.
Top Movers of the Day (at 9 a.m. update):
- BitTorrent and Jito Labs: These two cryptocurrencies have experienced substantial gains over the last 24 hours, with BitTorrent notably soaring 31.58% since midnight, positioning it as a standout performer of the day.
Overview: Ether has shown exceptional growth of 4.48%, significantly contributing to the crypto market’s upward trend, which began around 10 a.m. yesterday.
- NWSBCT Index for Blue Chips: Focusing on the more established cryptocurrencies, colloquially known as the “Blue Chips.” The NWSBCT Index has mirrored the positive market sentiment, with the NWSBCT Index rising sharply after an initial downtrend, indicating a reversal and strong buying interest in these established assets.
- The 2100NEWS Indices, which track the performance of various groups of tokens and coins, report gains ranging from 0.02 to 2.16% since midnight.
- 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 risen by 0.79% in the last 24 hours.
- Bitcoin and Ether: Bitcoin has posted a decrease of 1.37%, in contrast to Ether’s substantial surge, showcasing divergent trends among the leading cryptocurrencies and Ether’s dominant role in the current market upturn.
BitTorrent(New) (BTT)
| 2100NEWS ranking: 84, Large-cap Non-Ethereum-based Token, Index member: NWST1100, NWSL100, NWSTo100, NWSOT50 |
| 2100NEWS DA Orderbook Quality Evaluation Grade: Poor, Score: 15 (Average for Large-caps: 18.3) |
BitTorrent is a pioneering distributed communication protocol invented by Bram Cohen in 2001. As a peer-to-peer protocol, it facilitates the transfer of large, highly demanded files, eliminating the need for a trusted central server. The BitTorrent protocol enables client software endpoints (“clients”) to collaborate with each other to enable reliable simultaneous distribution of large files to multiple clients, reducing reliance on any single weak point (such as a server connection). It does this by attempting to efficiently use every client’s upload and download bandwidth to balance peer-to-peer content delivery across all clients.
Axelar (AXL)
| 2100NEWS ranking: 128, Mid-cap Ethereum-based Token, Index member: NWST1100, NWSM200, NWSTo100, NWSET100 |
| 2100NEWS DA Orderbook Quality Evaluation Grade: Poor, Score: 12.5 (Average for Tokens: 16.1) |
Axelar claims to deliver “secure cross-chain communication for Web3.” The project provides a decentralized network and tools to help builders of decentralized applications (dApps) with seamless cross-chain communication through its protocol suite, tools, and APIs. Axelar features three core components – a decentralized network, a software development kit of protocols and APIs, and a set of gateway smart contracts for cross-chain connectivity. Powered by a decentralized network of validators, anyone can join the network, build on it, or use it. Apps builders can interact with a simple API atop a permissionless network that routes messages and ensures network security via a proof-of-stake (PoS) consensus mechanism. AXL is the native token of the Axelar network. The protocol also supports the cross-chain transfer of several native tokens via their wrapped ERC-20 versions, including AVAX (Avalanche), ETH (Ethereum), FTM (Fantom), GLMR (Moonbeam), and MATIC (Polygon).
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