Movers of the Day 8-Jun-2024

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

Top movers of the day are ConstitutionDAO and Bluzelle. Since morning ConstitutionDAO has surged by 21.57%, Bluzelle has increased by 4.24%.

Most cryptocurrencies 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 (the cryptocurrencies with market cap from $200 million to $50 billion) measured by 2100NEWS 100 Large Cap Index (NWSL100) ended -1.79%. Our main 2100NEWS Total Index (NWST1100) ended -0.61%. Ether ended -0.32% while Bitcoin ended +0.24%.

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.

 

PEOPLE

ConstitutionDAO (PEOPLE)

2100NEWS ranking: 147, Mid-cap Ethereum based , Index member: NWST1100, NWSM200, NWSET100, NWSDM100
2100NEWS DA Orderbook Quality Evaluation Grade: Good, Score: 16.5, (Average for Mid-caps: 13.2)

Constitution DAO was an experiment that has now been dissolved. In November 2021, a group of web3-enthusiasts gathered as a decentralized autonomous organization with the shared objective of buying a copy of the U.S. Constitution at a Sotheby’s Auction. There are only 13 original physical copies of the U.S. Constitution in existence, which meant that this auction sparked a competitive bidding battle. Even though the group raised well over $40 million in ETH, it ultimately fell short. It was outbid by Ken Griffin, a billionaire hedge fund manager and CEO of Citadel.

 

Top movers of the day are SwftCoin and Aavegotchi. Since midnight SwftCoin has surged 11.47%, Aavegotchi is 12.35% higher.

Most crypto markets started out slightly higher but nevertheless they are still significantly lower than 24 hours ago. In that time the 2100NEWS Indices which measure the performance of different groups of tokens and coins have dropped between 2.92% and 7.31%. Our main 2100NEWS Total Index (NWST1100) which measures the performance of the major 1100 crypto assets by market capitalization is 3.86% lower. Bitcoin has fallen by 2.73%, Ether by 3.44%.

 

SWFTC

SwftCoin (SWFTC)

2100NEWS ranking: 633, Microcap Ethereum-based Token, Index member: NWST1100, NWSMi500
2100NEWS DA Orderbook Quality Evaluation Grade: Poor, Score: 5.5 (Average for Microcap: 7.6)

Founded in 2017, SWFT Blockchain is a next-generation, worldwide cross-chain swap protocol and payment network. SWFT Blockchain’s technology combines blockchain, machine learning and big data to enable direct swaps between over 300 cryptocurrencies and counting. Offering a fast, affordable, and secure experience, SWFT Blockchain’s protocol allows users to swap cryptocurrencies at the best rates, in record speeds and with low fees. SWFT Blockchain is currently the go-to protocol for cross-chain swaps between DeFi and CeFi currencies, stablecoins, and more.

 

 

GHST

Aavegotchi (GHST)

2100NEWS ranking: 363, Small cap Ethereum-based Token, Index member: NWST1100, NWSS300
2100NEWS DA Orderbook Quality Evaluation Grade: Ordinary, Score: 9.9 (Average for Small caps: 10)

Aavegotchi is the governance token of the Aavegotchi NFT Gaming protocol. GHST token holders receive voting power in the AavegotchiDAO, which oversees all aspects of the protocol, Aavegotchi’s flagship game, the Gotchiverse, and Aavegotchi NFTs. Aavegotchis themselves are pixelated ghosts backed by the ERC-721 token standard. The Aavegotchi NFTs have dynamic metadata that changes over time through user interaction. An Aavegotchi’s value and rarity are determined by its collateral stake, traits, and wearables. The collateral stake is based on the innovative ERC721 Aavegotchi NFT that manages an escrow contract holding Aave-backed ERC20 collateral or “aToken,” which generates yield via Aave’s LendingPool. Traits are based on random traits based on birth, kinship, and experience (XP). The protocol is called Aavegotchi as a nod to Aave, which translates to “ghost” in Finnish and is powered by the Aave protocol, one of the leading lending protocols in DeFi. The token ticker also cleverly spells out “ghost” minus the vowel.

 

KNC

Kyber Network Crystal v2 (KNC)

2100NEWS ranking: 297, Mid-cap Ethereum-based Token, Index member: NWST1100, NWSM200
2100NEWS DA Orderbook Quality Evaluation Grade: Poor, Score: 12 (Average for Mid-caps: 13.2)

Kyber Network is a multi-chain crypto trading and liquidity hub that connects liquidity from different sources to enable trades at the best rates. KNC is a utility and governance token, an integral part of Kyber Network, and the glue connecting various stakeholders in Kyber’s ecosystem. KNC is dynamic and can be upgraded, minted, or burned by KyberDAO to support liquidity and growth better. Holding KNC means having a stake in all the essential innovation and liquidity protocols created for DeFi.

 


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