Movers of the Day 26-Dec-2023

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

Top movers of the day are Perpetual Protocol and LeverFi. Since 7 pm Perpetual Protocol has increased by 10.21%, LeverFi by 5.16%.

Most cryptocurrencies finished the day in red as illustrated by an adjacent chart showing the movement of the NWSBCT Index (Blue Chips) over the past 24 hours. The large caps represented by 2100NEWS 100 Large Cap Index (NWSL100) ended -1.42%. 2100NEWS Total Index (NWST1100) ended -2.19%. Bitcoin ended -2.83%, Ether ended -2.49%.

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.

Perpetual Protocol (PERP)

Perpetual Protocol is a decentralized perpetual contract protocol for every asset, made possible by a Virtual Automated Market Maker (vAMM). Like Uniswap, traders can trade with our vAMMs directly without needing counterparties. The vAMMs provide guaranteed on-chain liquidity with predictable pricing set by constant product curves. The vAMMs are also designed to be market-neutral and fully collateralized. PERP holders can become stakers by staking the PERP tokens in their possession in a Staking Pool. In return, stakers are rewarded with a portion of the transaction fees in stablecoins plus staking rewards in PERP.

7:10 p.m. update: Top movers of the day are LeverFi and Enzyme Finance. Since 2 pm LeverFi has surged 22.25%, Enzyme Finance is 16.64% higher.

In the afternoon the crypto markets went down again. Since 2 pm 2100NEWS Indices have fallen between 1.92% and 5.32%. 2100NEWS Total Index (NWST1100) is 2.78% lower. Bitcoin has fallen by 1.84%, Ether by 2.14%.

LeverFi (LEVER)

LeverFi allows traders to deposit yield-bearing collateral and trade the fluctuations in asset prices at up to 10x leverage. Traders deposit collateral such as BTC, ETH, Curve-LP, Uni-LP, and more to trade changes in asset prices at up to 10x leverage. Collateral is deposited to farming protocols, allowing traders to earn yields and leverage trade simultaneously.

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

• Perpetual Protocol and BakeryToken: These cryptocurrencies have retained significant gains over 24 hours. Perpetual Protocol, in particular, has surged by 27.436% since the morning update.

Overview: After experiencing a sharp decline early morning, the crypto market found a bottom around 11 a.m. The following recovery suggests a possible shift in sentiment, as the market may be considering the earlier drop as a buying opportunity within an ongoing bullish trend.  NWSBCT Index for Blue Chips: Focusing on the more established cryptocurrencies, colloquially known as the “Blue Chips.” The index sharply declined at approximately 6 a.m., bottoming near 11 a.m. Subsequently, a recovery trend emerged. 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 fallen by 0.69% in the last 24 hours. Bitcoin and Ether have experienced declines, with Bitcoin falling by 1.55% and Ether dropping by 1.90% over the previous 24 hours.

Perpetual Protocol (PERP)

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

• MetisDAO and Dego Finance: These cryptocurrencies have retained significant gains over 24 hours. Dego Finance, in particular, has registered a surge of 27.76% since midnight.

Overview: The crypto market experienced a range-bound trend throughout the past 24 hours, with a sharp drop towards around 6 a.m. After the fall, the index showed signs of recovery.

1.  NWSBCT Index for Blue Chips: Focusing on the more established cryptocurrencies, colloquially known as the “Blue Chips.” The index sharply declined at approximately 6 a.m., indicating a sudden bearish turn in market sentiment. However, it demonstrated some resilience with signs of recovery post-drop.
2. The 2100NEWS Indices: The array of indices provided by 2100NEWS, mapping the movements of varied token and coin clusters, presents losses ranging from -0.76% to -3.03% since midnight.
3. 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 fallen by 0.75% in the last 24 hours.
4. Bitcoin and Ether have experienced declines, with Bitcoin falling by 1.13% and Ether dropping by 1.88% over the previous 24 hours.

Dego Finance (DEGO)

Dego Finance is a token of DEGO Finance. DEGO claims to be a brand new idea for a sustainable Decentralized Finance (DeFi) ecosystem. DEGO adopts a modular design. Modularity refers to combining various product elements to form a subsystem with specific functions. We combine this subsystem as a universal module with other modules to create a new system with multiple functions and performance. DEGO equals LEGO in the DeFi world. With each DeFi protocol as a brick, like Stable Coin (DAI), Lending (Aave, Compound), DEX (Uniswap and Balancer), Derivatives (Synthetix), Insurance (Nexus Mutual), we will build a new dApp to enhance the value of DeFi, creating diversified investment portfolios and generating substantial financial returns for users. DEGO will become the entrance to the future of financial services.