Movers of the Day 22-Dec-2023

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

Top movers of the day are Optimism and Treasure which has increased by 5.73% since 7 pm. Optimism is 6.56% higher. Arbitrum has increased by 2.34%.

Most cryptocurrencies finished the day lower as illustrated by an adjacent chart showing the movement of the NWSBCT Index (Blue Chips) over the past 24 hours. The tokens measured by 2100NEWS Token Index (NWSTo100) ended +2.30%. 2100NEWS Total Index (NWST1100) ended +0.65%. Ether ended +3.02% while Bitcoin ended -0.46%.

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.

 

Treasure (MAGIC)

2100NEWS ranking: 176, Mid-cap Non-Ethereum-based Token, Index member: NWST1100, NWSM200, NWSOT50, NWSDM100

2100NEWS DA Orderbook Quality Evaluation Grade: Poor, Score: 11.5 (Average for Non-Ethereum-based Tokens: 14)

MAGIC is the standard native token of Treasure. Initially known as a Loot derivative, Treasure has transformed into a sprawling ecosystem at the intersection of DeFi, NFTs, and Gaming. Treasure is the decentralized video game console connecting games and communities through bottom-up driven IP and infrastructure, unified through a standard set of composable resources. Underpinning the Treasure ecosystem is $MAGIC – a fair launch token that powers key infrastructure and acts as a reserve asset across partner ‘game cartridges’.

 

7:10 p.m. update: Top movers of the day are Optimism and Arbitrum. Since 2 pm Optimism has increased by 8.53%, Arbitrum by 3.62%. MetisDAO is 0.22% higher.

The crypto markets still trended sideways. In the last 24 hours 2100NEWS Indices which measure the performance of different groups of tokens and coins have increased up to 2.74%. 2100NEWS Total Index (NWST1100) is 1.51% higher. Bitcoin has increased by 0.52%, Ether even by 4.15%.

 

Optimism (OP)

2100NEWS ranking: 41, Large-cap Non-Ethereum-based Token, Index member: NWST1100, NWSL100, NWSTo100, NWSOT50

2100NEWS DA Orderbook Quality Evaluation Grade: Poor, Score: 13.8 (Average for Large-caps: 18)

Optimism is a layer-two blockchain on top of Ethereum. Optimism benefits from the security of the Ethereum mainnet and helps scale the Ethereum ecosystem by using optimistic rollups. That means transactions are trustlessly recorded on Optimism but ultimately secured on Ethereum.

 

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

• Raydium and Tellor: These two cryptocurrencies have experienced substantial gains in the previous 24 hours.
• Pepe stands out with an 18.57% rise since the morning update, making it one of the most significant movers.

Overview: The crypto market has trended sideways over the 24 hours. NWSBCT Index for Blue Chips: Focusing on the more established cryptocurrencies, colloquially known as the “Blue Chips.” Despite the ups and downs, the index has managed to stay around the 5.00 level, indicating an equilibrium between buyers and sellers. 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 increased modestly by 0.40% in the last 24 hours. Bitcoin and Ether have shown divergent trends, with Bitcoin experiencing a decline of 1.05%; in contrast, Ether has gained 1.76%.

 

Pepe (PEPE)

2100NEWS ranking: 73, Large-cap Ethereum-based Token, Index member: NWST1100, NWSL100, NWSTo100, NWSET100, NWSDM100

2100NEWS DA Orderbook Quality Evaluation Grade: Ordinary, Score: 18.2 (Average for Large-caps: 18)

PEPE is a deflationary meme-coin launched on Ethereum. The cryptocurrency was created as a tribute to the Pepe the Frog internet meme, created by Matt Furie, which gained popularity in the early 2000s. The project aims to capitalize on the popularity of meme coins, like Shiba Inu and Dogecoin and strives to establish itself as one of the top meme-based cryptocurrencies. PEPE appeals to the cryptocurrency community by instituting a no-tax policy, a redistributive system rewarding long-term stakers, and a burning mechanism to maintain the scarcity of the PEPE coin.

 

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

• Raydium and Centrifuge: Raydium has maintained its robust performance from the previous day. Centrifuge stands out with an 18.07% rise since midnight, making it one of the most significant movers.

Overview: Despite the recent downturn, the broader trend over the 24 hours has been upward, showcasing the crypto market’s resilience and prevailing optimism among participants.

1.  NWSBCT Index for Blue Chips: Focusing on the more established cryptocurrencies, colloquially known as the “Blue Chips.” After reaching a peak in the early hours, the index displayed increased volatility with sharp movements up and down.
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 risen by 1.24% in the last 24 hours.
3. Bitcoin and Ether have exhibited different trajectories, with a slight 0.26% decrease for Bitcoin, while Ether has seen a significant surge of 2.93%.

 

Centrifuge (CFG)

The Centrifuge is a decentralized asset financing protocol. It connects decentralized finance (DeFi) with real-world assets (RWA) while trying to lower the cost of capital for small and mid-size enterprises (SMEs) and provide investors with a stable source of income. The project’s primary goal is to generate profits that are not tied to volatile crypto assets; the developers are pursuing the task of transferring real monetary value from fiat to cryptocurrencies. Companies are using Centrifuge to access the liquidity that DeFi has to offer. They can tokenize tangible assets and use these tokens as collateral to access financing through Tinlake, a decentralized application (DApp) lending protocol. The Centrifuge blockchain is built on Polkadot (DOT) for speed and low fees, while its financial DApp Tinlake is built to access Ethereum (ETH) liquidity. Centrifuge provides liquidity to everyone, and investors receive income and rewards in CFG tokens. Centrifuge links assets such as invoices, real estate, and royalties with decentralized finance (DeFi). Additionally, borrowers benefit from the fact that they can finance their tangible assets without banks or other intermediaries.

 

Raydium (RAY)

2100NEWS ranking: 177, Mid-cap Non-Ethereum-based Token, Index member: NWST1100, NWSM200, NWSOT50, NWSDM100

2100NEWS DA Orderbook Quality Evaluation Grade: Good, Score: 16.5 (Average for Non-Ethereum-based Tokens: 14)

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.

 

Elastos (ELA)

2100NEWS ranking: 521, Small cap, Index member: NWST1100, NWSS300

2100NEWS DA Orderbook Quality Evaluation Grade: Poor, Score: 8.6 (Average for Small caps: 9.9)

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.