Movers of the Day 21-Mar-2024

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

Top movers of the day are Reserve Rights and DAO Maker which has surged 44.31% since 7 pm. The token of Reserve Rights is 12.13% higher. Zebec Protocol has increased by 4.70%.

The crypto markets 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 large caps represented by 2100NEWS 100 Large Cap Index (NWSL100) ended -1.62%. Our main 2100NEWS Total Index (NWST1100) ended -2.20%. Bitcoin ended -3.25%, Ether ended -7.15%.

 

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.

 

DAO Maker (DAO)

2100NEWS ranking: 345, Small cap Ethereum-based Token, Index member: NWST1100, NWSS300

2100NEWS DA Orderbook Quality Evaluation Grade: Poor, Score: 6.4, (Average for Small caps: 10)

DAO Maker is a platform that aims to redefine venture capital for the masses, by providing scalable technologies and funding support to tokenized startups.

 

7:10 p.m. update: Top movers of the day are Reserve Rights and Conflux. Since 2 pm the token of Reserve Rights has surged 15.94%, Conflux has increased by 7.66%. Dusk is 3.17% higher.

Most cryptocurrencies turned down in the afternoon. Since 2 pm the large caps represented by 2100NEWS 100 Large Cap Index (NWSL100) have decreased by 1.01%. 2100NEWS Total Index (NWST1100) has fallen by 1.79%. Bitcoin is 2.25% lower while Ether came back after huge drop in the morniing (+8.84% as of 2 pm).

 

Reserve Rights (RSR)

2100NEWS ranking: 192, Mid-cap Ethereum-based Token, Index member: NWST1100, NWSM200

2100NEWS DA Orderbook Quality Evaluation Grade: Ordinary, Score: 15.2, (Average for Mid-caps: 13.5)

The Reserve protocol is the first platform that allows for the permissionless creation of asset-backed, yield-bearing & overcollateralized stablecoins on Ethereum. The end goal of the Reserve protocol is to provide highly scalable, decentralized, stable money in contrast to volatile cryptocurrencies such as Bitcoin and Ether.

 

2:10 p.m. update: Top movers of the day are Centrifuge and Boson Protocol. Since 9 am Centrifuge has increased by 7.41%, Boson Protocol by 8.77%.

The crypto markets trended sideways. in the last 24 hours the tokens built on Ethereum measured by 2100NEWS Ethereum Based Index (NWSET100) have increased by 5.07%. Our main 2100NEWS Total Index (NWST1100) is 3.51% higher. Bitcoin has increased by 5.31% while Ether has dropped by 28.76%.

 

Centrifuge (CFG)

2100NEWS ranking: 334, Small cap , Index member: NWST1100, NWSS300, NWSCo100

2100NEWS DA Orderbook Quality Evaluation Grade: Extremely Weak, Score: 6.9, (Average for Coins: 15.2)

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 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.

 

Top movers of the day are Polymesh and Boson Protocol. Since midnight Polymesh has surged 18.24%, Boson Protocol is 17.59% higher. TrueFi has increased by 8.97%.

The crypto markets moved lower this morning. Since midnight 2100NEWS Indices which measure the performance of different groups of tokens and coins have decreased between 0.14% and . -1.40%. Our main 2100NEWS Total Index (NWST1100) which measures the performance of the major 1100 crypto assets by market capitalization is 0.73% lower. Bitcoin has fallen by 0.91%, Ether even by 10.53%.

 

Polymesh (POLYX)

2100NEWS ranking: 223, Mid-cap Ethereum-based Token, Index member: NWST1100, NWSM200

2100NEWS DA Orderbook Quality Evaluation Grade: Poor, Score: 12.8, (Average for Mid-caps: 13.5)

Polymesh is an institutional-grade permissioned blockchain built specifically for regulated assets. It streamlines antiquated processes and opens the door to new financial instruments by solving the challenges around governance, identity, compliance, confidentiality, and settlement.

 

TrueFi (TRU)

2100NEWS ranking: 367, Small cap Ethereum-based Token, Index member: NWST1100, NWSS300

2100NEWS DA Orderbook Quality Evaluation Grade: Ordinary, Score: 11, (Average for Small caps: 10)

TrueFi is a protocol for creating interest-bearing pools with a high APR for liquidity providers. TrueFi includes utility and rewards mechanisms using TrustTokens (TRU) and rewards participants for maintaining stable, high APRs.

 

Boson Protocol (BOSON)

2100NEWS ranking: 539, Small cap Ethereum-based Token, Index member: NWST1100, NWSS300

2100NEWS DA Orderbook Quality Evaluation Grade: Poor, Score: 6.5, (Average for Small caps: 10)

Boson Protocol is a decentralized infrastructure for enabling autonomous commercial exchanges of anyThing, specifically off-chain items. Boson is a peer-to-peer system that replicates the benefits of a market intermediary without the disbenefits of centralized systems.