Movers of the Day 16-Jun-2024
Tokens and coins that moved the most in the last 24 hours:
Top movers of the day are Convex Finance and FTX Token. Since morning Convex Finance has surged 45.45%, FTX Token has increased by 2.25%.
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. 2100NEWS Indices which measure the performance of different groups of tokens and coins ended between +0.34% and +0.90% (NWSOT50). Our main 2100NEWS Total Index (NWST1100) ended +0.67%. Bitcoin ended +0.56%, Ether ended +0.89%.
The criteria upon which these specific cryptocurrencies and indices have been highlighted are detailed in supplemental notes. The provided data shows the last 24 hours until midnight. Therefore, it may not accurately represent the current market conditions at the time of your inquiry.
Convex Finance (CVX)
| 2100NEWS ranking: 239, Mid-cap Ethereum-based Token, Index member: NWST1100, NWSM200 |
| 2100NEWS DA Orderbook Quality Evaluation Grade: Poor, Score: 10.9 (Average for Mid-caps: 13.2) |
Convex Finance is a DeFi protocol that allows Curve liquidity providers to earn a share of trading fees on Curve without staking liquidity there. Instead, LPs can stake with Convex and receive boosted CRV and liquidity mining rewards. This provides CRV stakers with better capital efficiency and positions Convex Finance as an important player in the Curve wars.
Top movers of the day are Rocket Pool and io.net. Since midnight Rocket Pool has surged 17.44%, io.net is 10.76% higher. Curve DAO Token has increased by 3.27%.
Most cryptocurrencies started out slightly higher. Since midnight our main 2100NEWS Total Index (NWST1100) which measures the performance of the major 1100 crypto assets by market capitalization has increased by 0.16%. Bitcoin has increased by 0.27%, Ether by 0.25%.
Rocket Pool (RPL)
| 2100NEWS ranking: 137, Mid-cap Ethereum based Token, Index member: NWST1100, NWSM200, NWSTo100, NWSET100 |
| 2100NEWS DA Orderbook Quality Evaluation Grade: Ordinary, Score: 14.4 (Average for Mid-caps: 13.1) |
Rocket Pool is a first-of-its-kind, next-generation decentralized Ethereum proof of stake (PoS) pool in alpha and built to be compatible with Casper, the new consensus protocol due in 2018. Unlike traditional centralized Proof of Work (PoW) pools, Rocket Pool utilizes the power of smart contracts to create a self-regulating, decentralized network of smart nodes. Users can then engage these smart nodes with any amount of Ether to earn interest on their deposits while helping to secure the Ethereum network.
Curve DAO Token (CRV)
| 2100NEWS ranking: 102, Large-cap Ethereum-based Token, Index member: NWST1100, NWSL100, NWSTo100, NWSET100 |
| 2100NEWS DA Orderbook Quality Evaluation Grade: Ordinary, Score: 19.1 (Average for Large-caps: 18) |
CRV is a governance token on the Curve platform with time-weighted voting and value accrual mechanisms.
io.net (IO)
| 2100NEWS ranking: 356, Small cap, Index member: NWST1100, NWSS300 |
| 2100NEWS DA Orderbook Quality Evaluation Grade: Good, Score: 13.7 (Average for Small caps: 10.1) |
io.net is a decentralized GPU network designed to give unlimited computing power to ML applications. They make computing more scalable, accessible, and efficient. Their mission is to unlock fair access to computing power by assembling 1 million + GPUs from independent data centers, crypto miners, and crypto projects such as Filecoin or Render.
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