Movers of the Day 9-Feb-2025

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

Top movers of the day are BinaryX and Newton Project which has surged 22.76% since morning. BinaryX has increased by 4.10%.

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 from -1.62% to -0.53%. Our main 2100NEWS Total Index (NWST1100) ended -0.71%. Bitcoin ended -0.56%, Ether ended -0.37%.

Supplemental notes detail the criteria for highlighting these specific cryptocurrencies and indices. 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.

Newton (NEW)

Newton Project aims to build infrastructure for a community-based economy through the provision of services around governance, collaboration, and incentives, Newton comprises an underlying public chain (New Chain), distributed storage service (New Net), and New IOT (which covers more than a dozen sensors). Its main net was launched in Dec 2018, which reportedly features a “Main chain and Sub chain” structure, POA consensus mechanism.

Top movers of the day are BinaryX and Rocket Pool which has surged 35.59% since midnight. BinaryX is 47.46% higher.

The crypto markets moved higher this morning. Since midnight the large caps measured by 2100NEWS 100 Large Cap Index (NWSL100) have increased by 2.21%. Our main 2100NEWS Total Index (NWST1100) which measures the performance of the major 1100 crypto assets by market capitalization is 1.20% higher. Bitcoin has increased by 0.63%, Ether by 1.23%.

BinaryX (BNX)

BinaryX is the platform cryptocurrency for the BinaryX ecosystem, which includes the DAO and all products & games utilizing $BNX. BinaryX began as a decentralized derivative trading system. Recognizing the burgeoning popularity of GameFi and interest in the metaverse games, the team gradually evolved into developing decentralized video games and is now fully transitioning to be a GameFi platform offering IGO services to bridge Web2 developers to Web3.

Rocket Pool (RPL)

Rocket Pool is a decentralized ETH liquid staking derivative provider. Rocket Pool pairs smart node operators with stakers to pool ETH for staking, then returns rETH to stakers for maintaining liquidity and control of their staked tokens. RPL is the utility and governance token, it is required for becoming a node operator.

PancakeSwap (CAKE)

Pancakeswap was originally built on the BNB Chain and allows users to trade tokens without using a centralized exchange. It provides an array of products, such as: (1) An exchange to swap tokens; (2) A yield farm to earn rewards; (3) Syrup pools to stake CAKE tokens; (4) Ethereum liquid staking (wBETH) and simple staking; (5) Pancake Protectors game; (6) v3 position manager (new feature); (7) A prediction market; (8) Initial Farm Offering (IFO) token launches; (9) A bridge to bridge CAKE to Ethereum and Aptos; (10) A lottery; (11) An NFT marketplace. Pancakeswap innovates quickly and ships new products regularly. In April 2023, PancakeSwap voted to transition to a deflationary token model called “Ultrasound CAKE.” The protocol passed a proposal called CAKE Tokenomics v2.5 to create a structure combining real yield (no supply impact) and reduced token emissions.