Movers of the Day 8-May-2024
Tokens and coins that moved the most in the last 24 hours:
Top Movers of the Day:
- Celsius and UMA: These cryptocurrencies have grown remarkably over the past day, with UMA soaring 36.35% since 7 p.m.
Overview: The crypto market has had a tumultuous day, with considerable fluctuations leading to a generally negative closing, indicating a day dominated by bearish sentiment. 
NWSBCT Index for Blue Chips: Focusing on the more established cryptocurrencies, colloquially known as the “Blue Chips.” The index also showed a downward trend. The 2100NEWS Indices, which track the performance of various groups of tokens and coins, have reported losses ranging from -0.86% to -2.00% since 7 p.m. 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 dropped by 2.20% over the past day. Bitcoin and Ether: Bitcoin has dropped by 2.37% and Ether by 2.47%.
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.
UMA (UMA)
| 2100NEWS ranking: 199, Mid-cap Ethereum-based Token, Index member: NWST1100, NWSM200, NWSDM100 |
| 2100NEWS DA Orderbook Quality Evaluation Grade: Good, Score: 16, (Average for Mid-caps: 13.5) |
UMA is designed to power the financial innovations made possible by permissionless, public blockchains like Ethereum. UMA defines an open-source protocol that allows any two counterparties to design and create their own financial contracts using fiat financial derivatives concepts. However, unlike traditional derivatives, UMA contracts are secured with economic incentives alone, making them self-enforcing and universally accessible.
7:10 p.m. update: The Top movers of the day are Celsius and Frontier. Since 2 p.m., Celsius has surged 20.26%, and Frontier is 19.11% higher. FTX Token has increased by 6.53%.
The crypto markets trended sideways. Over the past 24 hours, the large caps measured by the 2100NEWS 100 Large Cap Index (NWSL100) have fallen by 1.97%. Similarly, the 2100NEWS Total Index (NWST1100) is 1.93% higher. Bitcoin has decreased by 1.83%, and Ether by 1.85%.
Celsius (CEL)
| 2100NEWS ranking: 400, Small cap Ethereum-based Token, Index member: NWST1100, NWSS300 |
| 2100NEWS DA Orderbook Quality Evaluation Grade: Ordinary, Score: 11.5 (Average for Small caps: 10.1) |
Celsius Network is a democratized interest income and lending platform accessible via a mobile app. Built on the belief that financial services should only do what is in the community’s best interests, Celsius is a modern platform where membership provides access to curated financial services unavailable through traditional financial institutions. Crypto holders can earn interest by transferring their coins to their Celsius Wallet and borrowing USD against their crypto collateral at interest rates as low as 4.95% APR.
Top Movers of the Day (at 2 p.m. update):
- Tellor and Celsius: These cryptocurrencies have grown remarkably over the past 24 hours.
- Frontier has surged by 26.35% since the morning update.
Overview: The cryptocurrency market has recently faced a significant downturn, yet signs of stabilization are emerging as the day progresses. The market halt in falling prices may indicate a tempering of the prior downward trend. NWSBCT Index for Blue Chips: This index focuses on the more established cryptocurrencies, colloquially known as the “Blue Chips.” The index has mirrored the overall market dynamics. 2100NEWS Total Index (NWST1100): This index represents a broad spectrum of the crypto market and tracks 1100 significant cryptocurrencies based on their market cap. It has fallen by 2.28% over the previous 24 hours. Bitcoin and Ether: Bitcoin has fallen by 1.93% and Ether by 2.38% over the last 24 hours.
Frontier (FRONT)
| 2100NEWS ranking: 360, Small cap Ethereum-based Token, Index member: NWST1100, NWSS300 |
| 2100NEWS DA Orderbook Quality Evaluation Grade: Good, Score: 12.6 (Average for Small caps: 10.1) |
Frontier is a chain-agnostic DeFi aggregation layer. With applications, users can participate in protocol tracking and management, staking, best-rate asset swapping, liquidity provision, CDP creation & monitoring, and more. In short, Frontierʼs core mission is to bring the essential pieces of DeFi to users across whichever platforms they prefer.
Top Movers of the Day (at 9 a.m. update):
- Tellor and FTX Token: These cryptocurrencies have grown remarkably over the past 24 hours, with FTX Token surging by 20.14% since midnight.
Overview: The cryptocurrency market has fallen over the last 24 hours.
- NWSBCT Index for Blue Chips: This index focuses on the more established cryptocurrencies, colloquially known as the “Blue Chips.” The index has mirrored the overall market dynamics.
- The 2100NEWS Indices, which track the performance of various groups of tokens and coins, have reported losses ranging from -0.82% to -2.32% since midnight.
- 2100NEWS Total Index (NWST1100): This index represents a broad spectrum of the crypto market and tracks 1100 significant cryptocurrencies based on their market cap. It has fallen by 1.96% over the previous 24 hours.
- Bitcoin and Ether: Bitcoin has fallen by 1.72% and Ether by 1.69% over the last 24 hours.
FTX Token (FTT)
| 2100NEWS ranking: 108, Mid-cap Ethereum-based Token, Index member: NWST1100, NWSM200, NWSTo100, NWSET100, NWSDM100 |
| 2100NEWS DA Orderbook Quality Evaluation Grade: Ordinary, Score: 16 (Average for Tokens: 16.3) |
FTX is owned by FTX Trading LTD, a company incorporated in Antigua and Barbuda. Alameda Research, a cryptocurrency liquidity provider, incubated FTX. On November 11, 2022, and November 14, 2022, FTX Trading Ltd. and 101 affiliated debtors (collectively, the “Debtors”) each filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware. Exhibit(s) (Notice of Filing Hearing Presentation) Filed by FTX Trading Ltd.. (Attachments: # 1 Exhibit A)
Tellor (TRB)
| 2100NEWS ranking: 252, Mid-cap Ethereum-based Token, Index member: NWST1100, NWSM200 |
| 2100NEWS DA Orderbook Quality Evaluation Grade: Poor, Score: 12 (Average for Mid-caps: 13.5) |
Tellor is a decentralized Oracle for bringing high-value off-chain data onto Ethereum. The system utilizes a network of staked miners that compete to solve a PoW challenge to submit the official value for requested data. Tokens are mined with every successful Tellor data point, and the company takes a 10% dev share to support the development of the ecosystem.
Branko
Litecoin