Movers of the Day 21-Dec-2023

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

Top Movers of the Day:

• Elastos and Raydium: These cryptocurrencies have retained significant gains over the day. Raydium has risen by 8.27% since the 7 p.m. update.

Overview: The crypto market has shown some volatility with sharp movements both up and down. The bullish sentiment prevailed, and the market has continued its upward trend. NWSBCT Index for Blue Chips: Focusing on the more established cryptocurrencies, colloquially known as the “Blue Chips.” The index has demonstrated strength by maintaining its higher levels from earlier gains. 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 surged by 2.43% in the last 24 hours, pointing to a strong positive trend across various cryptocurrencies. Bitcoin and Ether have displayed differing performances, with Bitcoin achieving a moderate rise of 0.77%, while Ether has made a more considerable leap of 2.32%.

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.

Raydium (RAY)

Raydium is an automated market maker (AMM) platform built on Solana, where users can swap, trade, and provide liquidity to earn a yield on digital assets. However, unlike other AMM platforms, Raydium’s AMM provides on-chain liquidity to Serum’s central limit order book, meaning that Raydium’s users and liquidity pools have access to the order flow and liquidity of the entire Serum ecosystem and vice versa.

7:10 p.m. update: The top movers of the day are Raydium and Dynex, which have increased by 5.91% since 2 p.m. Raydium is 4.48% higher.

The crypto markets trended sideways. Over the past 24 hours, the large caps represented by the 2100NEWS 100 Large Cap Index (NWSL100) have increased by 2.74%. 2100NEWS Total Index (NWST1100) is 0.24% higher. Ether has increased by 0.09%, while Bitcoin has decreased by 1.20%.

Dynex (DNX)

Dynexsolve is the proprietary mining algorithm that addresses real-life computational tasks by applying proof-of-useful-work (POUW)  throughout the mining process.

Top Movers of the Day (at 2 p.m. update):

• BakeryToken and Elastos: These cryptocurrencies have retained significant gains over the previous 24 hours.
• Raydium has surged by 18.46% since the morning update, distinguishing itself as a significant gainer.

Overview: The robust performance of various market segments reinforces the positive sentiment that is currently prevailing in the crypto space. NWSBCT Index for Blue Chips: Focusing on the more established cryptocurrencies, colloquially known as the “Blue Chips.” The index has steadily climbed since the early hours, reflecting a growing bullish sentiment among traders and investors. The 2100NEWS Indices, which track the performance of various groups of tokens and coins, report gains ranging from 0.93 to 3.16% since midnight, indicative of broad market strength. 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 2.78% in the last 24 hours, highlighting the overall positive sentiment across the market. Bitcoin and Ether: Ether has recorded a substantial increase of 2.19%, while Bitcoin has seen an even stronger surge of 2.52% over the past 24 hours, contributing to the market’s bullish atmosphere.

Top Movers of the Day (at 9 a.m. update):

• BakeryToken and Elastos: These cryptocurrencies have retained significant gains over the previous 24 hours. Elastos, in particular, has registered a remarkable surge of 113.36% since midnight.

Overview: The market has shown a generally bullish trend and was displaying signs of health with positive price action and recovery from sell-offs.

1.  NWSBCT Index for Blue Chips: Focusing on the more established cryptocurrencies, colloquially known as the “Blue Chips.” The index experienced volatility and significant resilience, with the market quickly bouncing back from any downturns.
2. 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 surged by 1.79% in the last 24 hours, pointing to a strong positive trend across various cryptocurrencies.
3. Bitcoin and Ether have shown divergent trends. Ether has seen a minor decrease of 0.17%, while Bitcoin has experienced a stronger increase of 1.83% over the previous 24 hours.

Elastos (ELA)

Elastos is open-source software whose development process has been sponsored by industry giants such as the Tsinghua Science Park, the TD-SCDMA Industrial Alliance, and the Foxconn Group for more than 200 million RMB. Elastos has published over ten million lines of source code, including four million lines of source code. Elastos aims to create a new kind of Internet powered by blockchain technology. People can own digital assets and generate wealth from this new Internet.

BakeryToken (BAKE)

BakerySwap bills itself as the next iteration of Uniswap, and it aims to be a faster, cheaper, and tastier version of Uniswap. Liquidity providers will be rewarded with BAKE tokens from which they can earn a share of BakerySwap’s trading fees and use them for voting as part of BakerySwap’s governance. A team is an anonymous group of developers who believe in the future of decentralized autonomous organizations (DAO).