Movers of the Day 27-Feb-2024

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

Top movers of the day are Pepe and BENQI which has surged 35.69% since 7 pm. Pepe has increased by 10.61%.

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 +0.99% and +3.48%. Our main 2100NEWS Total Index (NWST1100) ended +2.74%. Bitcoin ended +4.07%, Ether ended +1.97%.

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)

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 make yield, while borrowers can 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 can use, swap, or collateralize the yield-bearing asset within Decentralized Finance applications.

7:10 p.m. update: Top movers of the day are MXC and dogwifhat. Since 2 pm MXC has increased by 11.61%, dogwifhat by 7.88%. Synapse is 6.69% higher.

In the afternoon the crypto markets stopped rising. In the last 24 hours Bitcoin has made the biggest move up (+6.25%). The large caps measured by 2100NEWS 100 Large Cap Index (NWSL100) have increased by 0.60%. Our main 2100NEWS Total Index (NWST1100) is 3.61% higher. Ether has increased by 2.25%.

MXC (MXC)

Machine Xchange Coin was uniquely designed to power the “Internet of Things” world at MXC; we allow machines to communicate with each other, perform various tasks, and send and receive data in exchange for MXC. MXC is the next-generation IoT (Internet of Things) Token. The world of IoT is anticipated to power the 4th industrial revolution, changing the way we live our lives.

2:10 p.m. update: Top movers of the day are dogwifhat and Pepe which has increased by 8.14% since 9 am. dogwifhat is 6.82% higher.

The crypto markets continued to go up. Since 9 am the large caps represented by 2100NEWS 100 Large Cap Index (NWSL100) have increased by 0.97%. Moreover, the mid caps measured by 2100NEWS 200 Mid Cap Index (NWSM200) have increased by 1.08%. Bitcoin has increased by 1.70%, Ether by 1.72%.

Pepe (PEPE)

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 are MXC and Theta Network. Since midnight MXC has surged 35.75%, Theta Network is 29.13% higher.

The crypto markets moved higher this morning. Since midnight 2100NEWS Indices which measure the performance of different groups of tokens and coins have increased up to 2.08%. Our main 2100NEWS Total Index (NWST1100) which measures the performance of the major 1100 crypto assets by market capitalization is 1.55% higher. Bitcoin has increased by 2.49%, Ether by 1.02%.

Theta Network (THETA)

THETA is an open-source protocol that powers a decentralized streaming network. It will allow decentralized apps (DApps) to be built on top of the platform to enable use cases that span esports, entertainment, and peer-to-peer streaming. SLIVER.tv’s DApp was the first application built on the Theta network leveraging its existing user base of millions of esports viewers. In Nov 2018, Tencent Games announced a collaboration with SLIVER.tv to bring Theta rewards to Ring of Elysium players. The founding team has a combined 30+ years of experience in the video streaming space with advisors including Steve Chen, Co-Founder of YouTube, and Justin Kan, Co-Founder of Twitch.