Movers of the Day 16-Mar-2024

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

Top movers of the day are Inverse Finance and MARBLEX. Since morning Inverse Finance has surged 69.83%, MARBLEX has increased by 19.19%.

During the day the crypto markets were going down and finished deep in red. 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 -5.35%. Moreover, the mid caps (the cryptocurrencies with market cap from $15 million to $70 million) measured by 2100NEWS 200 Mid Cap Index (NWSM200) ended -6.97%. Our main 2100NEWS Total Index (NWST1100) ended -4.61%. Bitcoin ended -3.91%, Ether ended -4.42%.

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.

Inverse Finance (INV)

Inverse Finance is the decentralized autonomous organization that develops and manages the FiRM fixed rate lending protocol, DOLA, its debt-backed, decentralized stablecoin, and sDOLA, the yield-bearing version of DOLA. Originally founded by Nour Haridy in late 2020, the protocol is governed by the Inverse Finance DAO, a collective of crypto enthusiasts. Their code base is open source and maintained by the community.

Top movers of the day are Samoyedcoin and Bonfida which has surged 23.10% since midnight. Samoyedcoin is 19.10% higher. Solanium has increased by 15.84%.

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 3.36%. Our main 2100NEWS Total Index (NWST1100) which measures the performance of the major 1100 crypto assets by market capitalization is 1.21% higher. Bitcoin has increased by 0.49%, Ether by 0.43%.

Samoyedcoin (SAMO)

Samoyedcoin is Solana’s meme coin, aiming to be community-owned and fun. It was inspired by Dogecoin, Sam Bankman-Fried (CEO of Alameda Research and FTX), and Anatoly Yakovenko (co-founder of Solana), hence choosing the dog breed Samoyed, bringing these two giants together. It aims to help grow Solana’s ecosystem by appealing beyond its core, mostly composed of highly technological coins. The community is already strong, with SAMO only a few months old and growing larger by appealing to people who would not be interested in cryptocurrencies. It has all the upsides of Solana’s blockchain (high scalability, high speed, low fees) while being a fun cryptocurrency to trade.

Bonfida (FIDA)

Bonfida is known as the top infrastructure developer on Solana. Bonfida was the first project in the Serum Ecosystem. Initially, they provided API services and hosted the flagship Serum DEX since its launch in September 2020. With Bonfida initially offering its Serum UI and API services, it is evident that there was a demand for products to enrich the experience of users in Decentralised Finance (DEFI). Strong demand for their products encouraged them to launch the ‘FIDA’ token on the 22nd of December 2020. From these beginnings in Q4 – 2020, Bonfida has established itself with several products and revenue streams to benefit its tokenomics through its Buy & Burn program synergistically.

Solanium (SLIM)

Solanium is a decentralized platform for fundraising and trading on the Solana blockchain. The platform includes a DEX UI, staking, wallet management, governance and a launchpad.