Movers of the Day 30-Jun-2024

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

Top Movers of the Day:

  • Zignaly and LayerZero: These cryptocurrencies have grown remarkably over the past day, with LayerZero surging by 21.84% since 9 a.m.

Overview: The crypto market has experienced a robust recovery. Prices sharply rose in the late morning.

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 risen by 0.98% over the last day, indicating a market-wide recovery. Bitcoin and Ether: Bitcoin has surged by 1.45%, while Ether has risen by 0.84% 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.

ZRO

LayerZero (ZRO)

2100NEWS ranking: 113, Mid-cap Ethereum-based Token, Index member: NWST1100, NWSM200, NWSTo100, NWSET100
2100NEWS DA Orderbook Quality Evaluation Grade: Poor, Score: 15.4, (Average for Tokens: 16.2)

LayerZero is a cutting-edge omnichain interoperability protocol designed to enable seamless and trustless communication between various blockchain networks. It employs Ultra Light Nodes (ULNs), decentralized oracles, and relayers to facilitate secure and efficient message passing across chains. Each blockchain in the LayerZero network deploys a LayerZero Endpoint contract, serving as the protocol’s entry and exit point, ensuring trustless cross-chain transactions. LayerZero’s architecture is modular and scalable, supporting a wide range of blockchains, including both EVM-compatible and non-EVM chains. This design allows for easy integration of new blockchains and functionalities without significant changes to the core protocol. The protocol has gained significant traction, with over 80 million messages sent and more than $50 billion in value transferred. LayerZero is backed by substantial funding, including a $120 million Series B round in 2023, and plans to launch its own token in 2024.

The top movers of the day are Neutron and STP Network. Since midnight, Neutron has increased by 4.68%, and STP Network is 8.86 higher.

The crypto markets started lower this morning. Since midnight, the large caps (the cryptocurrencies with market caps from $200 million to $50 billion) measured by the 2100NEWS 100 Large Cap Index (NWSL100) have fallen by 0.64%. Their movement can be seen on the adjacent NWSLT chart over the past 24 hours. Our main 2100NEWS Total Index (NWST1100), which measures the performance of the major 1100 crypto assets by market capitalization, is 0.34% lower. Bitcoin has decreased by 0.10%, and Ether by 0.35%.

 

BETA

Beta Finance (BETA)

2100NEWS ranking: 427, Small cap Ethereum-based Token, Index member: NWST1100, NWSS300
2100NEWS DA Orderbook Quality Evaluation Grade: Ordinary, Score: 10.7 (Average for Small caps: 10.2)

Beta Finance is a permissionless money market on Ethereum for borrowing, lending, and shorting crypto assets. It allows users to access a scalable and accessible money market where tokens can be listed permissionless and automatically and where users can short these tokens. Beta Finance plans to launch on additional layer one and layer two solutions after its Ethereum Mainnet launch. Users have three options: lending, borrowing, and shorting. Lenders can lend crypto assets for any market on Beta Finance and earn interest on it. Borrowers can take the contrary position, while short-sellers can use collateral to initiate short positions. Unlike centralized exchanges, Beta Finance does not use an order book to execute shorts but routes the trade through decentralized exchanges that use automated market makers. As part of its Phase 2 launch, the platform plans to release permissionless money market creation.

 

NTRN

Neutron (NTRN)

2100NEWS ranking: 266, Mid-cap Non-Ethereum-based Token, Index member: NWST1100, NWSM200, NWSOT50
2100NEWS DA Orderbook Quality Evaluation Grade: Poor, Score: 13 (Average for Non-Ethereum-based Tokens: 14.1)

Neutron is the most secure cross-chain smart-contracting platform. It combines the security of a top 10 blockchain by staked capitalization with bleeding-edge cross-chain infrastructure to enable DeFi applications to securely scale across a growing network of 51+ interconnected blockchains.

 

STPT

STP (STPT)

2100NEWS ranking: 329, Small cap Ethereum-based Token, Index member: NWST1100, NWSS300
2100NEWS DA Orderbook Quality Evaluation Grade: Good, Score: 15.6 (Average for Small caps: 10.2)

Standard Tokenization Protocol is an open-source standard defining how tokenized assets are issued and transferred while complying with all necessary regulations. Tokens built on top of the STP-Standard will use the protocol’s on-chain Validator to verify compliance with any jurisdictional or issuer-specific requirements. Standard Tokenization Protocol allows assets to be tokenized in a way that makes them fully compliant across jurisdictions and transferable across any blockchain platform.

 


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