Movers of the Day 1-Sep-2024
Tokens and coins that moved the most in the last 24 hours:
Top movers of the day are Acala Network and Centrifuge. Since morning Acala Network has surged 14.01%, Centrifuge is 9.96% higher.
The crypto markets finished the day lower as illustrated by an adjacent chart showing the movement of the NWSBCT Index (Blue Chips) over the past 24 hours. 2100NEWS Indices which measure the performance of different groups of tokens and coins ended between -1.35% and -2.42% (NWSTo100). Our main 2100NEWS Total Index (NWST1100) ended -1.63%. Bitcoin ended -1.30%, Ether ended -1.53%.
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.
Acala Token (ACA)
| 2100NEWS ranking: 334, Small cap , Index member: NWST1100, NWSS300, NWSCo100 |
| 2100NEWS DA Orderbook Quality Evaluation Grade: Poor, Score: 13.3 (Average for Coins: 15.2) |
Acala is a specialized stablecoin and liquidity blockchain that is decentralized, cross-chain by design, and future-proof with forkless upgradability. Acala stablecoin protocol uses a multi-collateral-backing mechanism to create a stablecoin soft-pegged to the US Dollar. The Acala stablecoin protocol is essentially a decentralized monetary reserve that creates a stable currency from a basket of reserve assets, where holders of the reserve assets can spend, trade, and access other services without price volatility while retaining their exposure to (without selling) the reserve assets.
Top movers of the day are LUKSO and Beta Finance which has increased by 4.12% since midnight. LUKSO is 3.35% higher.
The crypto markets moved lower this morning. Since midnight 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 2.00%. Our main 2100NEWS Total Index (NWST1100) which measures the performance of the major 1100 crypto assets by market capitalization is 1.68% lower. Bitcoin has decreased by 1.49%, Ether by 1.85%.
LUKSO (LYX)
| 2100NEWS ranking: 416, Small cap , Index member: NWST1100, NWSS300 |
| 2100NEWS DA Orderbook Quality Evaluation Grade: Poor, Score: 6.1 (Average for Small caps: 10.3) |
LUKSO, the Blockchain for the new digital lifestyle, is created by former Ethereum Developer Fabian Vogelsteller, author of ERC20 and ERC725, developer of web3.js, and the Mist Browser. LUKSO is a multiverse blockchain network where fashion, gaming, design, and social media intersect. LUKSO focuses on bringing Blockchain to the masses through its smart contract-based Blockchain, industry-involving standards processes, and an innovative new direction of decentralized applications.
Alephium (ALPH)
| 2100NEWS ranking: 372, Small cap , Index member: NWST1100, NWSS300 |
| 2100NEWS DA Orderbook Quality Evaluation Grade: Poor, Score: 6 (Average for Small caps: 10.3) |
Alephium is a cutting-edge blockchain platform designed to support scalable and secure decentralized applications (dApps). It combines innovative sharding technology with a stateful UTXO (sUTXO) model to ensure efficient and scalable dApps. The platform employs Proof-of-Less-Work (PoLW), reducing energy consumption to 1/8th of Bitcoin’s requirements. Alephium also features a custom virtual machine, Alphred, enhancing the security and development experience while introducing trustless peer-to-peer smart contract transactions. Addressing key blockchain challenges—accessibility, scalability, and security—Alephium offers a robust, energy-efficient, and developer-friendly environment for real-world dApps.
Beta Finance (BETA)
| 2100NEWS ranking: 457, Small cap Ethereum-based Token, Index member: NWST1100, NWSS300 |
| 2100NEWS DA Orderbook Quality Evaluation Grade: Ordinary, Score: 10.7 (Average for Small caps: 10.3) |
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.
Branko
Litecoin