Movers of the Day 12-Dec-2023

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

Top movers of the day are Creditcoin and Nano which has increased by 10.04% since 7 pm. Creditcoin is 3.96% higher.

Most cryptocurrencies finished the day still higher. The large caps represented by 2100NEWS 100 Large Cap Index (NWSL100) ended +1.48%. Their movement can be seen on the adjacent NWSLT chart over the past 24 hours. 2100NEWS Total Index (NWST1100) ended +0.23%. On the other hand Bitcoin and Ether ended already lower: BTC -0.15%, ETH -1.05%.

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 7:10 p.m. Therefore, it may not accurately represent the current market conditions at the time of your inquiry.

Nano (XNO)

Nano is decentralized, secured, and sustainable digital money focused on addressing the inefficiencies present in existing financial systems. Uniquely designed to provide simple peer-to-peer transfer of value, nano empowers individuals with the most efficient and accessible digital money possible, connecting them to the global economy with minimal impact. Nano provides an intuitive experience that feels like digital currency should – no fuss, fees, or waiting. It’s what accessible and easy-to-use digital money should feel like.

7:10 p.m. update: Top movers of the day are Propy and WazirX. Since 2 pm Propy has surged 45.94%, WazirX is 18.87% higher. Kujira has increased by 1.39%.

In the afternoon the crypto markets were still down. Since 2 pm the large caps measured by 2100NEWS 100 Large Cap Index (NWSL100) have fallen by 3.03%. 2100NEWS Total Index (NWST1100) is 2.62% lower. Similarly, Bitcoin has decreased by 2.59%, Ether by 2.27%.

Propy (PRO)

Propy Utility Token was created to promote simple integration in users’ wallets. When a user buys a property, a small percentage (about 0.2% to 1% on average) of the final buying price is charged for Propy. Coins paid for writing data to the Propy Registry are saved in the Ethereum blockchain’s particular Rewards smart contract. The total amount of coins is distributed to the coin owners, equivalent to the PRO holders. The bonuses agreement snaps a picture of coin dispensation monthly and issues quarterly bonuses based on that picture, which is saved in the blockchain. This way, all users can check whether those rewards were allocated accurately.

Top Movers of the Day (at 2 p.m. update):

• Creditcoin and Nano: These two cryptocurrencies have experienced substantial gains over the last 24 hours. Credicoin notably soared by an astonishing 219.74% since the morning update, marking it as the day’s most remarkable performer.

Overview: The crypto market experienced a significant correction followed by a rapid recovery. This pattern typically suggests that the market is resilient and that investors are actively buying the dip, thus restoring prices to their former levels.  NWSBCT Index for Blue Chips: Focusing on the more established cryptocurrencies, colloquially known as the “Blue Chips.” The NWSBCT Index has mirrored the overall market’s behavior with a sharp decline followed by a swift recovery. The subsequent volatility, characterized by a generally upward trend with some fluctuations, suggests the market stabilizes but still faces some uncertainty. The 2100NEWS Indices, which track the performance of various groups of tokens and coins, report gains ranging from 1.09 to 3.71% since midnight. 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 slightly increased by 0.10% in the last 24 hours. Bitcoin and Ether have both seen declines, with Bitcoin falling by 0.85% and Ether by 0.84% over the same time.

Creditcoin (CTC)

Launched by a team based in the US, Canada, South Korea, Nigeria, and Estonia, Creditcoin aims to address the lack of a credit system among the unbanked in the emerging market. People who cannot access the banking system have to borrow from non-banks. However, banks do not accept non-bank credit records since they cannot trust the data. The project aims to solve the problem by recording credit transaction history objectively on a public blockchain.

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

• VeThor Token and Kucoin Token: These two cryptocurrencies have experienced substantial gains over the last 24 hours, with VeThor Token rising by 11.71% since midnight, positioning it as a standout performer of the day.

Overview: The crypto market demonstrated its resilience by rebounding from a significant support level, marked by a sharp decline followed by a robust recovery, indicating strong buying interest.

1.  NWSBCT Index for Blue Chips: Focusing on the more established cryptocurrencies, colloquially known as the “Blue Chips.” The NWSBCT Index has shown similar patterns of a sharp drop and recovery.
2. The 2100NEWS Indices, which track the performance of various groups of tokens and coins, report gains ranging from 0.65 to 2.99% since midnight.
3.  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 decreased by 0.13% in the last 24 hours.
4. Bitcoin and Ether have both seen substantial declines, with Bitcoin falling by 3.06% and Ether by 3.12%, highlighting a bearish trend among the leading cryptocurrencies.

VeThor Token (VTHO)

As a leading enterprise-friendly public blockchain platform, VeChain began in 2015. It aims to connect blockchain technology to the real world by providing enterprises with blockchain solutions suitable for their business needs and building a trust-free and distributed business ecosystem platform for business value. VeChain ToolChain™, a one-stop data BaaS platform, VeChain will continue to promote the large-scale application of blockchain technology, help enterprise clients in digitalization transformation, and eventually realize the long-term vision of enabling the real economy.

BENQI (QI)

BENQI is a suite of decentralized finance protocols built on Avalanche. It consists of the BENQI Markets, BENQI Liquid Staking and Ignite. BENQI Markets enables users to effortlessly lend, borrow, and earn interest with their digital assets. Depositors providing liquidity to the protocol make yield, while borrowers can borrow in an over-collateralized manner. BENQI Liquid Staking is an Avalanche liquid staking solution that tokenizes staked AVAX. By tokenizing AVAX through liquid staking, users can use, swap, or collateralize the yield-bearing asset within Decentralized Finance applications.