Movers of the Day 9-Aug-2024
Tokens and coins that moved the most in the last 24 hours:
Top movers of the day are Beta Finance and QuarkChain which has increased by 6.75% since 7 pm. Beta Finance is 0.19% lower.
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 represented by 2100NEWS 100 Large Cap Index (NWSL100) ended -1.27%. Our main 2100NEWS Total Index (NWST1100) ended -0.50%. Bitcoin ended -0.07%, Ether ended -0.88%.
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.
QuarkChain (QKC)
| 2100NEWS ranking: 386, Small cap Ethereum-based Token, Index member: NWST1100, NWSS300 |
| 2100NEWS DA Orderbook Quality Evaluation Grade: Good, Score: 13.2 (Average for Small caps: 10.4) |
QuarkChain aims to provide a secure, decentralized, and scalable blockchain solution to deliver 1,000,000+ on-chain TPS (transactions per second). The main features of Quarkchain are its reshardable two-layered blockchain, collaborative mining, horizontal scalability, cross-shard transactions, and streamlined account management.
7:10 p.m. update: Top movers of the day are TokenFi and Beta Finance which has surged 26.07% since 2 pm. TokenFi has increased by 1.48%.
In the afternoon the crypto markets continued to go down. Since 2 pm the large caps (the cryptocurrencies with market cap from $200 million to $50 billion) measured by 2100NEWS 100 Large Cap Index (NWSL100) have fallen by 0.92%. Our main 2100NEWS Total Index (NWST1100) is 0.86% lower. Bitcoin has decreased by 0.54%, Ether by 1.72%.
Beta Finance (BETA)
| 2100NEWS ranking: 431, Small cap Ethereum-based Token, Index member: NWST1100, NWSS300 |
| 2100NEWS DA Orderbook Quality Evaluation Grade: 10.7 (Average for Small caps: 10.4) |
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.
2:10 p.m. update: Top movers of the day are QuarkChain and TokenFi. Since 9 am QuarkChain has increased by 1.82%, TokenFi by 2.38%.
The crypto markets turned down. Since 9 am 2100NEWS Indices which measure the performance of different groups of tokens and coins have decreased between 0.05% and 0.81%. Our main 2100NEWS Total Index (NWST1100) is 0.75% lower. Ether has fallen by 2.00%, Bitcoin by 0.40%.
TokenFi (TOKEN)
| 2100NEWS ranking: 379, Small cap Non-Ethereum-based Token, Index member: NWST1100, NWSS300 |
| 2100NEWS DA Orderbook Quality Evaluation Grade: Poor, Score: 7 (Average for Small caps: 10.4) |
TokenFi aims to simplify crypto and asset tokenization, leveraging the expertise of the Floki team, which previously launched the successful Floki token. The tokenization market is projected to reach $16 trillion by 2030. Backed by a $10 million investment from DWF Labs, TokenFi plans to develop AI-driven products and establish itself as a leading platform. Like World Table Tennis, strategic partnerships further bolster its growth and industry reach.
Top movers of the day are QuarkChain and TokenFi. Since midnight QuarkChain has surged 25.39%, TokenFi is 17.73% higher.
The crypto markets started out higher this morning. Since midnight the tokens built on Ethereum measured by 2100NEWS Ethereum Based Index (NWSET100) have increased by 0.89%. Similarly, our main 2100NEWS Total Index (NWST1100) which measures the performance of the major 1100 crypto assets by market capitalization is 0.90% higher. Bitcoin has increased by 0.60%, Ether even by 2.99%.
Sui (SUI)
| 2100NEWS ranking: 34, Large-cap Non-Ethereum-based Token, Index member: NWST1100, NWSL100, NWSTo100, NWSOT50, NWSDM100 |
| 2100NEWS DA Orderbook Quality Evaluation Grade: Ordinary, Score: 18.8 (Average for Large-caps: 18) |
Sui is a permissionless layerone1 blockchain designed to be both developer and user-friendly. It can support a wide range of application development with unrivaled speed at low cost. Like most other blockchains, Sui uses objects as its primary data storage unit rather than accounts. Developers define, create, and manage these programmable objects representing user-level assets. An object has distinct attributes, including ownership, whose values can be updated based on the governing logic of the smart contract that created it.
Branko
Litecoin