Movers of the Day 2-Nov-2022

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

The day’s top movers are Mask Network and ConstitutionDAO, rising by 3.68% since 7 pm.

As illustrated by an adjacent chart showing the NWSBCT (Blue Chips) Index movement over the last 24 hours, the crypto markets experienced high volatility. They slid after the Federal Reserve raised its benchmark interest rate by 0.75 percentage points. Since 7 pm, the 2100NEWS Indices, which measure the performance of various groups of tokens and coins, reported losses between -0.81% and -2.34%. Over the last 24 hours, the 2100NEWS Total Index (NWST1100), which measures 1100 significant (by market capitalization) crypto assets’ performance, has plummeted 2.71%, Bitcoin by 1.65%, and Ether even 4.32%.

Please read the notes to find out which criteria have been selected.

ConstitutionDAO (PEOPLE)

Constitution DAO was an experiment that has now been dissolved. In November 2021, a group of web3-enthusiasts gathered as a decentralized autonomous organization with the shared objective of buying a copy of the U.S. Constitution at a Sotheby’s Auction. There are only 13 original physical copies of the U.S Constitution in existence, which meant that this auction sparked a competitive bidding battle. Even though the group managed to raise well over $40 million in ETH, it ultimately fell short. It was outbid by Ken Griffin, a billionaire hedge fund manager and CEO of Citadel.

In the afternoon, the crypto markets came back. The day’s top movers at 19:10 are Mask Network and Render Token. Since 2 pm Mask Network has increased by 6.67% and Render Token by 4.04%. Since 2 pm 2100NEWS DA Indexes have increased up to 0.53%, but they are still about 1% lower than 24 hours ago. 2100NEWS Total Index (NWST1100) is 0.42% higher. Bitcoin has increased by 0.28% and Ether by 0.70%.

Render Token (RNDR)

RenderToken is a distributed GPU rendering network built on top of the Ethereum blockchain. It aims to connect artists and studios needing GPU computing power with mining partners willing to rent their GPU capabilities out. RNDR is an ERC-20 utility token used by artists on the network to exchange for GPU compute power from GPU providers (node operators).

The day’s top movers (at 9 am) are Render Token and Mask Network. Rari Governance Token has risen by 3.94% since 9 am. The crypto markets have fallen. On the day, the 2100NEWS DA Indexes, which measure the performance of various groups of tokens and coins, reported losses between -0.55% and -2.97%. Over the last 24 hours, the 2100NEWS Total Index (NWST1100), which measures 1100 significant (by market capitalization) crypto assets’ performance, has fallen 1.70%, Ether by 2.26%, and Bitcoin by 0.49%.

Rari Governance Token (RGT)

The Rari Governance Token is the native token behind Rari Capital. Rari Capital is a non-custodial DeFi Robo-advisor that autonomously earns users’ yield.

The crypto markets fell. The day’s top movers (at 9 am) were Render Token and Mask Network, soaring 74.26% since midnight. Over the last 24 hours, the 2100NEWS Total Index (NWST1100), which measures 1100 significant (by market capitalization) crypto assets’ performance, has fallen 1.25%, Ether by 0.56%, and Bitcoin by 0.73%.

Mask Network (MASK)

Mask Network is a protocol that allows users to send encrypted messages over Twitter and Facebook. It essentially acts as a bridge between the internet and a decentralized network running on top.