Movers of the Day 13-Dec-2023

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

Top Movers of the Day:

• FUNToken and rats: These cryptocurrencies have retained significant gains over the day.
• Bonk has soared 34.03% since the 7 p.m. update.

Overview: Over the last day, the crypto market has soared, influenced mainly by the Federal Reserve’s hints at future rate cuts, with expectations set for three cuts in 2024. NWSBCT Index for Blue Chips: Focusing on the more established cryptocurrencies, colloquially known as the “Blue Chips.” The NWSBCT Index started its ascent around 8 a.m., with a more pronounced rise after 4 p.m. This coincides with the timing of Fed Chairman Jerome Powell’s press conference. The 2100NEWS Indices, which track the performance of various groups of tokens and coins, report gains ranging from 2.26 to 4.32% since 7 p.m., reflecting a positive market reaction to the Federal Reserve’s announcements. 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 soared 3.91% in the last 24 hours, indicative of a broad market rally. Bitcoin and Ether have soared 4.43% and 3.45%, respectively, over the previous day.

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) meme coin; 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 team’s primary goal 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 would be used across all the dApps built on Solana, and each user would have the opportunity to become part of the ecosystem “where everyone gets a fair shot.”

7:10 p.m. update: The top movers of the day are FUNToken and Akash Network, which has increased by 6.31% since 2 p.m. FUNToken is 4.30% higher.

In the afternoon, the crypto markets went up. Since 2 p.m., 2100NEWS Indices have increased up to 2.25%. 2100NEWS Total Index (NWST1100) is 1.98% higher. Bitcoin has increased by 2.19%, Ether by 1.41%.

Akash Network (AKT)

Akash DeCloud is a faster, better, and lower-cost cloud built for DeFi, decentralized projects, and high-growth companies, providing unprecedented scale, flexibility, and price performance. 10x lower in cost, our serverless computing platform is compatible with all cloud providers and all applications that run on the cloud.

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

• Propy and FUNToken: These two cryptocurrencies have experienced substantial gains over the last 24 hours, with FUNToken soaring 79.90% since the morning update, marking it as the day’s most remarkable performer.

Overview: The crypto market has been experiencing some uncertainty, with periods of sell-off and recovery.  NWSBCT Index for Blue Chips: Focusing on the more established cryptocurrencies, colloquially known as the “Blue Chips.” The NWSBCT Index has shown signs of stabilization, exhibiting sideways movement with smaller fluctuations, which may suggest a tempering of earlier volatility. The 2100NEWS Indices, which track the performance of various groups of tokens and coins, report losses ranging from -0.26 to -4.92% since midnight, indicating a downturn across a broad spectrum of cryptocurrencies. 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 dropped by 2.20% in the last 24 hours. Bitcoin and Ether have declined, with Bitcoin falling by 1.64% and Ether by 1.97%, emphasizing the bearish trend within these significant digital assets.

FUNToken (FUN) 

Through blockchain technology, FUNToken enables gaming operators, players, and developers transparency, provably fair gaming, and seamless integration to the world’s leading crypto iGaming solutions, helping to unlock greater economic opportunity and tokenize value for users globally.

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

• Propy and rats: These two cryptocurrencies have experienced substantial gains over the last 24 hours, with Propy soaring 58.18% since midnight, positioning it as a standout performer of the day.

Overview: The overall crypto market has been dominated by sellers, as evidenced by the persistent downtrend and the inability of the market to maintain recovery efforts, which points to a bearish sentiment among market participants.

1.  NWSBCT Index for Blue Chips: Focusing on the more established cryptocurrencies, colloquially known as the “Blue Chips.” The NWSBCT Index has shown a general downtrend with several attempts at recovery, as indicated by the minor peaks followed by further declines, indicating consistent selling pressure.
2. The 2100NEWS Indices, which track the performance of various groups of tokens and coins, report losses ranging from -0.46 to -4.85% since midnight, further underlining the current market pullback.
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 dropped by 1.85% in the last 24 hours.
4. Bitcoin and Ether have experienced notable declines, with Bitcoin dropping by 1.78% and Ether by 2.57%.

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.

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.