Movers of the Day 21-May-2024

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

Top movers of the day are Ethereum Name Service and Bounce Token. Since 7 pm Ethereum Name Service has increased by 3.88%, Bounce Token by 1.30%.

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. The large caps represented by 2100NEWS 100 Large Cap Index (NWSL100) ended +0.30%. Our main 2100NEWS Total Index (NWST1100) ended +0.74%. Bitcoin ended +0.08%, Ether ended +3.29%.

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.

Ethereum Name Service (ENS)

The Ethereum Name Service is a distributed, open, and extensible naming system based on the Ethereum blockchain. ENS’s job is to map human-readable names like ‘alice.eth’ to machine-readable identifiers such as Ethereum addresses, other cryptocurrency addresses, content hashes, and metadata. ENS also supports ‘reverse resolution,’ enabling metadata association such as canonical names or interface descriptions with Ethereum addresses. ENS has similar goals to DNS, the Internet’s Domain Name Service, but has significantly different architecture due to the capabilities and constraints provided by the Ethereum blockchain. Like DNS, ENS operates on a system of dot-separated hierarchical names called domains, with the domain owner having complete control over subdomains.

7:10 p.m. update: Top movers of the day are MetisDAO and Degen (Base) which has increased by 9.06% since 2 pm. MetisDAO is 1.02% higher.

In the afternoon the crypto markets stopped going up. In the last 24 hours the tokens built on Ethereum represented by 2100NEWS Ethereum Based Index (NWSET100) have increased by 6.13%. Similarly,  2100NEWS Total Index (NWST1100) has increased by 6.11%.

Degen (DEGEN)

Degen started as a reward token for participants in the Farcaster Degen channel. What began as a meme coin now boasts a substantial following of developers, crypto content creators, and enthusiasts who have bought into the coin. During its initial launch, 15% of the total supply was airdropped to active members of the Farcaster’s Degen channel, and there are plans to airdrop 70% of the token’s total supply eventually.

2:10 p.m. update: Top movers of the day are Ethereum Name Service and MetisDAO which has increased by 6.79% since 9 am. Ethereum Name Service is 1.21$ higher.

The crypto markets went up. Since 9 am 2100NEWS Indices which measure the performance of different groups of tokens and coins have increased up to 1.62%. Our main 2100NEWS Total Index (NWST1100) is 0.84% higher. Bitcoin has increased by 0.04%, Ether by 3.37%.

Metis (METIS)

Metis Andromeda is an EVM-Equivalent Ethereum Layer-2 focused on bridging the gap between Web2 and Web3. Metis provides users with a secure, decentralized, scalable, easy-to-use network. By combining a robust Layer 2 with on-chain credentials and Decentralized Autonomous Companies (DACs), Metis is building the perfect ecosystem to host open, decentralized, and trustless collaboration secured by Ethereum.

Top movers of the day are Ethereum Name Service and MetisDAO. Since midnight Ethereum Name Service has surged 14.35%, MetisDAO has increased by 8.69%.

The crypto markets started out higher today. Since midnight the large caps represented by 2100NEWS 100 Large Cap Index (NWSL100) have increased by 0.88%. Our main 2100NEWS Total Index (NWST1100) which measures the performance of the major 1100 crypto assets by market capitalization is 1.56% higher. Bitcoin has increased by 2.20%, Ether by 1.09%.

Lido DAO (LDO)

Lido is a liquid staking solution for ETH backed by industry-leading staking providers. Lido lets users stake their ETH – without locking assets or maintaining infrastructure – while participating in on-chain activities, e.g., lending. Lido attempts to solve the problems associated with initial ETH staking – illiquidity, immovability, and accessibility – making staked ETH liquid and allowing for participation with any amount of ETH to improve the security of the Ethereum network.