Movers of the Day 17-Jun-2024

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

Top movers of the day are cat in a dogs world and Convex Finance. Since 7 pm cat in a dogs world has increased by 7.91% while Convex Finance has fallen by 9.26%. XRP has stayed almost the same.

Most cryptocurrencies finished the day in red as illustrated by an adjacent chart showing the movement of the NWSBCT Index (Blue Chips) over the past 24 hours. 2100NEWS Indices ended between -0.42% and -6.47%. 2100NEWS Total Index (NWST1100) ended -1.53%. Ether ended -1.92% while Bitcoin ended +0.14%.

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.

cat in a dogs world (MEW)

MEW, the cat-inspired cryptocurrency, is on a mission to reclaim its territory from the dogs. With the goal of siphoning liquidity from their rivals, MEW emerges to reclaim its rightful place in the crypto realm at the top of the food chain.

7:10 p.m. update: Top movers of the day are Convex Finance and cat in a dogs world which has increased by 10.79% since 2 pm. Convex Finance is 5.87% higher.

Most cryptocurrencies were still down. Since 2 pm the tokens built on Ethereum measured by 2100NEWS Ethereum Based Index (NWSET100) have decreased by 0.41%. 2100NEWS Total Index (NWST1100) is 0.12% lower. Similarly, Ether has decreased by 0.10% while Bitcoin has increased by 0.08%.

cat in a dogs world (MEW)

Top Movers of the Day (at 2 p.m. update):

• Convex Finance and Frax Share: These cryptocurrencies have grown remarkably over the past 24 hours, with Frax Share increasing by 6.54% since the morning update.

Overview:  The crypto market has trended downward, reflecting persistent bearish pressure and declining investor confidence.

2100NEWS NWSBCT Index for Blue Chips: This index focuses on the more established cryptocurrencies, colloquially known as the “Blue Chips.” The index has reflected the overall sentiment. The 2100NEWS Indices, which track the performance of various groups of tokens and coins, have reported losses ranging from -1.31% to -5.82% since midnight. 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 fallen by 1.79% over the last 24 hours. Bitcoin and Ether: Bitcoin has fallen by 1.00% and Ether by 0.86% over the previous 24 hours.

Frax Share (FXS)

The Frax Protocol is the first fractional-algorithmic stablecoin system. Frax is open-source, permissionless, and entirely on-chain, and it is currently implemented on Ethereum (with possible cross-chain implementations in the future). The end goal of the Frax protocol is to provide highly scalable, decentralized, algorithmic money in place of fixed-supply digital assets like BTC. The protocol incorporates the following concepts: Fractional-Algorithmic – Frax is a unique stablecoin with parts of its supply backed by collateral and parts of the supply algorithmic. The ratio of collateralized and algorithmic depends on the market’s pricing of the FRAX stablecoin. If FRAX trades above $1, the protocol decreases the collateral ratio. If FRAX trades under $1, the protocol increases the collateral ratio. Frax Shares is the governance token that accrues fees, seigniorage revenue, and excess collateral value.

Top Movers of the Day (at 9 a.m. update):

• Convex Finance and Popcat: These cryptocurrencies have grown remarkably over the past 24 hours, with Convex Finance surging by 27.01% since midnight.

Overview: The crypto market has experienced renewed selling pressure since midnight, indicating ongoing market challenges and fluctuating investor confidence. The recent market movements indicate persistent bearish pressure.

1.  NWSBCT Index for Blue Chips: This index focuses on the more established cryptocurrencies, colloquially known as the “Blue Chips.” The index mirrored the general market trend.
2. The 2100NEWS Indices, which track the performance of various groups of tokens and coins, have reported pullbacks ranging from -0.78% to -3.13% since midnight.
3. 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 0.74% over the previous 24 hours.
4. Bitcoin and Ether: Bitcoin has decreased by 0.28%, while Ether has fallen by 0.61% over the last 24 hours.

Convex Finance (CVX)

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.

io.net (IO)

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.