Movers of the Day 10-Nov-2023

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

Top movers of the day are FTX Token and Bonk. Since 7 pm FTX Token has increased by 12.03%, Bonk is 14.73% higher.

Most cryptocurrencies finished the day in green as illustrated by an adjacent chart showing the movement of the NWSBCT Index (Blue Chips) over the past 24 hours. 2100NEWS Indices ended between +1.37% and +6.84%. 2100NEWS Total Index (NWST1100) ended +2.46%. Bitcoin ended +2.18% while Ether ended -0.68%.

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.

Bonk (BONK)

BONK is the first dog-themed coin on Solana “for the people, by the people” with 50% of the total supply of the cryptocurrency airdropped to the Solana community. BONK is similar to Shiba Inu (SHIB) and Dogecoin (DOGE) memecoins, it was launched on December 25, 2022, and led to an increase in the price of the SOL token (a rise of 34% in 48 hours). Trading began on December 30, 2022, arousing genuine interest from the crypto community. The main goal of the team is to bring back liquidity to Solana-based decentralized exchanges (DEXs). The idea of the developers was to create a full-fledged community coin that will be used across all the dApps built on Solana, and each user will have the opportunity to become part of the ecosystem, “where everyone gets a fair shot”.

7:10 p.m. update: Top movers of the day are FTX Token and Terra which has surged 39.94% since 2 pm. FTX Token has increased by 29.59%.

In the afternoon the crypto markets were still up. Since 2 pm 2100NEWS Indices which measure the performance of different groups of tokens and coins have increased up to 1.12%. 2100NEWS Total Index (NWST1100) is 0.35% higher. Bitcoin has increased by 0.23%, Ether by 0.51%.

Terra (LUNA)

Terra (LUNA) is a public blockchain protocol that emerged from Terra Classic. Terra Classic is home to the algorithmic stablecoin TerraClassicUSD (UST). Its now-renamed LUNC token collateralized UST, which crashed in a bank run in May 2022. That devalued LUNA to virtually zero and caused the launch of a new chain — resulting in Terra Classic and Terra.

2:10 p.m. update: Top movers of the day are FTX Token and Centrifuge. Since 9 am FTX Token has increased by 8.89%, Centrifuge is 9.67% higher.

Most cryptocurrencies are higher. Since 9 am the large caps measured by 2100NEWS 100 Large Cap Index (NWSL100) have increased by 1.27%. 2100NEWS Total Index (NWST1100) is 1.09% higher. Bitcoin has increased by 1.85% while Ether has decreased by 0.78%.

FTX Token (FTT)

FTX is owned by FTX Trading LTD, a company incorporated in Antigua and Barbuda. Alameda Research, a cryptocurrency liquidity provider, incubated FTX. On November 11, 2022, and November 14, 2022, FTX Trading Ltd. and 101 affiliated debtors (collectively, the “Debtors”) each filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware. Exhibit(s) (Notice of Filing Hearing Presentation) Filed by FTX Trading Ltd.. (Attachments: # 1 Exhibit A)

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

• Bonk and Dexe are at the forefront as the top movers of the day, with DeXe posting an extraordinary overnight surge of 45.15%.

Overview: Over the last 24 hours, the market has shown signs of upward movement, with Ether exhibiting significant strength with an upswing of 9.92%, which has outshone a marginal decrease in Bitcoin’s value. The diverging paths of these two major cryptocurrencies could indicate a shift in market dynamics and investor focus.

1. NWSBCT Index for Blue Chips: Focusing on the more established cryptocurrencies, colloquially known as the “Blue Chips.” The NWSBCT Index mirrors this positive sentiment with an initial sharp rise. However, the index did experience a period of turbulence around 4 p.m., characterized by a significant peak and subsequent sharp decline, which might reflect a period of profit-taking or market correction after the initial surge.
2. 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 risen by 1.66% in the last 24 hours.
3. Bitcoin and Ether: Bitcoin has slightly declined by 0.29%, while Ether has had a remarkable surge of 10.79%, suggesting that investor confidence in Ether is extreme in the same timeframe.