Movers of the Day 24-Feb-2024

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

Top movers of the day are COTI and Mdex. Since morning COTI has surged 32.63%, Mdex has increased by 13.02%.

During the day the crypto markets were going up and finished in green. Today’s crypto market movement is 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 +2.92%. Our main 2100NEWS Total Index (NWST1100) ended +2.16%. Bitcoin ended +1.61%, Ether ended +2.31%.

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.

COTI (COTI)

Currency Of The Internet (COTI) is a decentralized payment platform that aims to become a payment mechanism for cryptocurrency users. It can instantly convert and transact digital assets through the Trustchain, a protocol developed by the COTI platform to replace third-party entities. In addition, COTI uses a blockless payment system based on a directed acyclic graph (DAG) to improve the protocol scalability. The COTI token is the cryptocurrency created to fuel the payment platform. It can be used on the Currency Of The Internet exchange mechanisms to pay for goods and services or earn fee discounts.

Mdex (MDX)

Mdex is an automatic market-making decentralized exchange based on the concept of fund pools. It is similar in function to some DEXs on the market, but on this basis, it proposes and implements a dual-chain DEX model based on the Huobi Eco Chain and Ethereum. It combines the advantages of the low transaction fees of the Huobi Eco Chain and the prosperity of the Ethereum ecosystem. It supports the dual mining mechanism of liquidity and transactions.

Top movers of the day are Uniswap and SushiSwap which has surged 26.02% since midnight. Uniswap is 14.28% higher, COTI has increased by 9.49%.

The crypto markets started out higher today. Since midnight 2100NEWS Indices which measure the performance of different groups of tokens and coins have increased up to 2.35%. Our main 2100NEWS Total Index (NWST1100) which measures the performance of the major 1100 crypto assets by market capitalization is 1.11% higher. Bitcoin has increased by 0.57%, Ether by 1.36%.

Uniswap (UNI)

Since its inception, the Uniswap Protocol (”Uniswap”) has served as trustless and highly decentralized financial infrastructure. Having proven product-market fit for highly decentralized financial infrastructure with a platform that has thrived independently, Uniswap is now particularly well-positioned for community-led growth, development, and self-sustainability. The introduction of UNI (ERC-20) serves this purpose, enabling shared community ownership and a vibrant, diverse, and dedicated governance system, which will actively guide the protocol towards the future.

SushiSwap (SUSHI)

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.