Movers of the Day 26-Jun-2024

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

Top Movers of the Day:

• WEMIX and SingularityNET: These cryptocurrencies have grown remarkably over the past day
• ssv.network has increased by 6.51% since 7 p.m.

Overview: The crypto market has experienced periods of strong buying and selling pressure, eventually stabilizing after notable volatility over the last day.

2100NEWS 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 sentiment. 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 1.18% over the last 24 hours. Bitcoin and Ether: Bitcoin has fallen by 1.48%, while Ether has decreased by 0.47% over the past day.

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.

 

ssv.network (SSV)

2100NEWS ranking: 199, Mid-cap Ethereum-based Token, Index member: NWST1100, NWSM200

2100NEWS DA Orderbook Quality Evaluation Grade: Poor, Score: 11.3, (Average for Mid-caps: 13.2)

Once holding SSV tokens, users can vote on protocol changes and improvements. Influence grant distributions and operator ranking. Holders can also use SSV tokens as fees for running validators and generating rewards for stakers. SSV Network emphasizes decentralization, security, and liveness across the Ethereum consensus layer and forms the foundation of SSV.network, a fully decentralized and robust ETH staking network. Millions of users join this ecosystem and find the network simple for anyone wanting to run an Ethereum validator, from DIY users all the way to staking pools and extensive institutional staking services. This can apply to using the network not only as a user but also as a service provider; regardless of staking configuration, as long as duties are properly executed, anyone can provide service and reap the rewards for doing so.

Blast (BLAST)

Blast is a pioneering Ethereum Layer 2 (L2) solution that distinguishes itself by offering native yield for ETH and stablecoins, a feature not available on other L2s. The platform generates yield through ETH staking and Real-World Asset (RWA) protocols, delivering returns of 3.4% for ETH and 8% for stablecoins to its users. Additionally, Blast introduces gas revenue sharing, providing a novel incentive for decentralized application (dApp) developers. This unique combination of native yield and gas revenue sharing equips developers with innovative building blocks to create more competitive products and business models than other blockchain platforms. Users benefit from attractive yield rates, enhancing the appeal of holding assets on Blast. This abstract outlines Blast’s innovative approach to Ethereum Layer 2 solutions, highlighting its potential to revolutionize the blockchain ecosystem by integrating financial incentives directly into its infrastructure.

 

Top Movers of the Day (at 7 p.m. update):

• WEMIX and rats (Odinals): These cryptocurrencies have grown remarkably over the past 24 hours.
• Energy Web Token has risen by 11.57% since 2 p.m.

Overview: The recent crypto market movements indicate a retracement after 5 a.m., leading to a slight pullback across various sectors.

1. NWSBCT Index for Blue Chips: Focusing on the more established cryptocurrencies, colloquially known as the “Blue Chips.” The index has tracked the broader market’s movements.
2. The 2100NEWS Indices, which track the performance of various groups of tokens and coins, have reported losses ranging from -1.19% to -2.79% since midnight, suggesting a pullback across different sectors of the crypto market.
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 decreased by 0.73% over the last 24 hours.
4. Bitcoin and Ether: Bitcoin has slightly decreased by 0.34%, while Ether has fallen by 1.04% over the previous 24 hours.

 

Energy Web Token (EWT)

2100NEWS ranking: 312, Small cap, Index member: NWST1100, NWSS300, NWSCo100

2100NEWS DA Orderbook Quality Evaluation Grade: Poor, Score: 9.9, (Average for Coins: 15.2)

Energy Web Token (EWT) is the native token of the Energy Web Chain, a public, Proof-of-Authority Ethereum Virtual Machine blockchain specifically designed to support enterprise-grade applications in the energy sector. The Energy Web Chain is operated and governed by over 25 Validator nodes from 15 countries, including utilities, grid operators, and startups. In addition to its native token, the EW Chain supports all ERC standards. The Energy Web Chain was launched in June 2019 by the Energy Web Foundation – a global nonprofit unleashing blockchain’s potential in the energy sector – and its international consortium of Members, including upstream energy companies, utilities, grid operators, and software.

 

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

• WEMIX and rats (Odinals): These cryptocurrencies have grown remarkably over the past 24 hours
• Convex Finance has risen by 16.06% since the morning update.

Overview: The crypto market has continued consolidating after bouncing back from the 200-day EMA support.

2100NEWS 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 trend. The 2100NEWS Indices, which track the performance of various groups of tokens and coins, have reported losses ranging from -0.81% to -2.15% 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 slightly increased by 0.09% over the last 24 hours. Bitcoin and Ether: Bitcoin has increased by 0.29%, while Ether has slightly increased by 0.08% over the previous 24 hours.

 

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 (at 9 a.m. update):

• WEMIX and rats (Odinals): These cryptocurrencies have grown remarkably over the past 24 hours, with rats (Odinals) rising by 14.47% since midnight.

Overview: The crypto market has consolidated after a sharp recovery, rebounding from the 200-day EMA support, which held firm.

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 losses ranging from -0.48% to -1.58% 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 risen by 0.71% over the previous 24 hours.
4. Bitcoin and Ether: Bitcoin has risen by 0.75% and Ether by 0.59% over the last 24 hours.

 

rats [Ordinals] (RATS)

2100NEWS ranking: 408, Small cap Non-Ethereum-based Token, Index member: NWST1100, NWSS300

2100NEWS DA Orderbook Quality Evaluation Grade: Poor, Score: 8.2 (Average for Small caps: 10)

RATS is a BRC-20 meme token on the Bitcoin blockchain with a significant total supply, designed for trading and potentially driven by community interest and viral trends. The RATS BRC-20 token is among the most popular meme coins on the Bitcoin blockchain. It was created using the Ordinals protocol and satoshis, following the BRC-20 standard. This standard allows for creating and managing tokens on Bitcoin’s network. As a meme token, RATS primarily derives its value and utility from community interest and popularity rather than underlying technical or economic functionalities. Regarding technical operations, RATS tokens are inscribed on the Bitcoin blockchain, which records their details and transactions. Users can trade, hold, or engage with these tokens through cryptocurrency exchanges that support BRC-20 tokens.

 

WEMIX (WEMIX)

2100NEWS ranking: 205, Mid-cap Non-Ethereum-based Token, Index member: NWST1100, NWSM200, NWSOT50, NWSDM100

2100NEWS DA Orderbook Quality Evaluation Grade: Extremely Weak, Score: 9 (Average for Non-Ethereum-based Tokens: 14)

Wemix is a blockchain-based global gaming platform developed by Wemade Tree, a subsidiary company of WEMADE, its flagship blockchain gaming services arm. “Wemix” is a platform for gaming dApps providing users with wallets and a marketplace for digital assets (fungible tokens, non-fungible tokens). Wemix envisions nurturing a blockchain gaming ecosystem with users’ “experiential value” at the core, while existing blockchain gaming projects focus on digital asset exchange. Core competencies for Wemix setting a new standard in the blockchain gaming scene are: “Sustainability” Wemade has been serving the global gaming industry for over 20 years; “Substance” Wemade has reached more than 600 million users worldwide with global mega-hit game titles, including ChuanQi (Legend of Mir); “Support” Wemade has ten subsidiaries and 10+ investments made into gaming companies with resources accessible for Wemix; “Scalability” Wemix platform adopted a hybrid “multi-chain” infrastructure (public-bridge-private) to address inherent scalability and transaction cost issues.