Movers of the Day 22-Sep-2024

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

Top movers of the day are Constellation and Beta Finance which has surged 14.58% since morning. Constellation has increased by 4.41%.

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 -0.16% and -3.07%. Our main 2100NEWS Total Index (NWST1100) which measures the performance of the major 1100 crypto assets by market capitalization ended -0.63%. Bitcoin ended -0.18%, Ether ended -0.09%.

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.

Beta Finance (BETA)

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.

Top movers of the day are Pendle and Constellation. Since midnight Pendle has surged 20.74%, Constellation is 15.03% higher. Chia has increased by 3.48%.

Most cryptocurrencies 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 decreased by 0.67%. Moreover, the mid caps (the cryptocurrencies with market cap from $15 million to $70 million) represented by 2100NEWS 200 Mid Cap Index (NWSM200) have fallen by 0.87%. Bitcoin has decreased by 0.32% while Ether has increased by 0.68%.

Pendle (PENDLE)

Pendle is a protocol that enables the tokenization and trading of future yield. With the creation of a novel AMM that supports assets with time decay, Pendle gives users more control over future yield by providing optionality and opportunities for its utilization.

Constellation (DAG)

Constellation provides infrastructure tools for an open, decentralized data marketplace and an enterprise-grade software solution for data provenance and integrity. It’s secure, cost-effective, scalable, and easy to integrate. Furthermore, Constellation provides data dependency graphs on a decentralized DAG (directed acyclic graph) network – an evolution of existing blockchain technologies. The solution secures data pipelines through encryption and creates an audit trail of data downstream to enable a live overview of the status of any data source.

Chia (XCH)

Chia network is a purpotedly eco-friendly blockchain platform that is considered to be among the most decentralized blockchains. With hundreds of thousands of nodes, each carrying a copy of the blockchain’s ledger, the network allows for quick propagation of information. The Chia blockchain follows a Coin set model to keep track of the network’s state. Each coin on the Chia network is locked with a Chialisp program and hashed to provide strong security to the blockchain. The Chia blockchain’s major functions include processing financial transactions, running programs written in Chialisp, and minting tokens from XCH.