Movers of the Day 28-Aug-2024

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

Top Movers of the Day:

• Helium and Immutable: These cryptocurrencies have grown remarkably over the past day.
• Convex Finance has increased by 7.33% since 7 p.m.

Overview: The crypto market reflected a day of volatility and stabilization, suggesting that the market is currently in a phase of consolidation with underlying resilience.

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 trend. The 2100NEWS Indices, which track the performance of various groups of tokens and coins, have reported gains ranging from 0.39% to 1.26% since 7 p.m. 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 1.26% over the last 24 hours. Bitcoin and Ether: Bitcoin has dropped by 1.95%, in contrast, Ether has surged by 1.90% 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.

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.

7:10 p.m. update: Top movers of the day are IDEX and MCOIN which has increased by 3-57% since 2 p.m.

The crypto markets were still down. Since 2 p.m., the large caps represented by 2100NEWS 100 Large Cap Index (NWSL100) have fallen by 2.69%. 2100NEWS Total Index (NWST1100) is 1.81%lower. Bitcoin has fallen by 1.54%, Ether by 0.59%.

MCOIN (MCOIN)

M20 Chain is a blockchain and Web3 ecosystem that aims to integrate and connect the traditional world to provide a seamless user experience. It seeks to revolutionize the industry by setting a unified standard for quality assurance across all protocols.

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

• Sun (New) and Popcat (SOL): These cryptocurrencies have grown remarkably over the past 24 hours
• UMA has risen by 6.71% since the morning update.

Overview: The crypto market has been under pressure, with a significant drop followed by a cautious recovery, leaving the market at a lower level compared to the previous 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 trend. 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 retraced by 3.49% over the last 24 hours. Bitcoin and Ether: Bitcoin has retraced by 3.92% and Ether by 3.89% over the past 24 hours.

UMA (UMA)

UMA is designed to power the financial innovations made possible by permissionless, public blockchains like Ethereum. UMA defines an open-source protocol that allows any two counterparties to design and create their own financial contracts using fiat financial derivatives concepts. However, unlike traditional derivatives, UMA contracts are secured with economic incentives alone, making them self-enforcing and universally accessible.

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

• Sun (New) and IDEX: These cryptocurrencies have grown remarkably over the past 24 hours, with IDEX increasing by 3.36% since midnight.

Overview:  The crypto market has plummeted, mostly due to Ether’s plunge of -7.73% over the last 24 hours.

1.  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 trend.
2. The 2100NEWS Indices, which track the performance of various groups of tokens and coins, have reported losses ranging from -0.48% to -0.99% 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 plummeted by 5.32% over the previous 24 hours.
4. Bitcoin and Ether: Bitcoin has plummeted by 4.97%, while Ether has shown a more pronounced plunge of 7.73% over the last 24 hours.

IDEX (IDEX)

IDEX is the first Ethereum-based decentralized smart contract exchange for supporting real-time trading and high transaction throughput. IDEX is the most advanced Ethereum DEX, supporting limit and market orders, gas-free cancels, and the ability to fill many trades at once.