Movers of the Day 3-Jan-2024

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

Top Movers of the Day:

• ConstitutionDAO and Powerledger: These cryptocurrencies have grown remarkably over the past day. Powerledger has surged by 8.79% since the 7 p.m. update.

Overview: The crypto market experienced a significant downturn and signs of a modest recovery, oscillating within a narrower range. NWSBCT Index for Blue Chips: Focusing on the more established cryptocurrencies, colloquially known as the “Blue Chips.” After maintaining a relatively steady uptrend earlier in the day, the index witnessed a sharp decline around noon. Since then, it has shown some resilience, stabilizing within a narrower range. 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 plummeted 5.83% in the last 24 hours. Bitcoin and Ether were not immune to the downturn, with Ether taking a considerable hit by falling 6.26% and Bitcoin also facing a decline of 5.12%.

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.

Powerledger (POWR)

Power Ledger, based in Australia, encourages us to imagine a world where electricity is dependable, affordable, and clean for everyone. Powered by contracts on the Ethereum network, the peer-to-peer energy exchange platform, their most mature platform, aims to democratize energy trading with transparent systems that allow individuals and communities to select their power source. POWR is the utility token that users would escrow to use the platform in their dual token model, while Sparkz represents electricity credits tied to local fiat for marketplace participants. Both are used to create part of an economy where households that generate electricity can trade with their neighbors for a fair return.

7:10 p.m. update: The day’s top movers are ConstitutionDAO and Ethereum Name Service. Since 2 p.m., ConstitutionDAO has surged 50.90%, and Ethereum Name Service is 36.71% higher. Powerledger has increased by 23.84%.

The crypto markets stopped falling. Over the past 24 hours, 2100NEWS Indices have dropped between 4.28% and 8.68%. 2100NEWS Total Index (NWST1100) is 5.91% lower. Bitcoin has fallen by 5.02%, Ether by 6.02%.

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 raised 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.

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

• Perpetual Protocol and Chromia have emerged as the Top Movers of the Day, with Velas recording a 12.63% rise since midnight.

Overview: The cryptocurrency market has plummeted because of rumors that the SEC will reject all Bitcoin spot ETFs in January and that approvals won’t come before the second quarter of the year. NWSBCT Index for Blue Chips: Focusing on the more established cryptocurrencies, colloquially known as the “Blue Chips.” The index similarly faced a sharp decline, mirroring the broader market’s losses. The 2100NEWS Indices, which track the performance of various groups of tokens and coins, have reported losses ranging from -4.88% to -7.57% 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 plummeted 6.84% in the last 24 hours, reflecting widespread sell-offs across the sector. Bitcoin and Ether: Bitcoin has plummeted 5.97% and 6.67%, respectively, over the same period.

Chromia (CHR)

Chromia is a blockchain platform for decentralized applications, conceived in response to the shortcomings of existing platforms and designed to enable a new generation of dapps to scale beyond what is currently possible. Chromia gives power to developers to give power to the public. Chroma is a meta token native to Chromia. It serves as a medium for exchange and an economic balancing tool for dapps deployed on Chromia. It: – Enables dapps to pay for system resource usage – Enables resource conversion between dapps – Enables smart contract automatic conversion – Enables liquidity and profit-sharing – Provides a mechanism for validator nodes to stake a security deposit for participation in the public network.

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

• Perpetual Protocol and Velas have emerged as the Top Movers of the Day, with Velas recording a substantial 21.70% surge since midnight.

Overview: Following an earlier pullback, the cryptocurrency market has demonstrated signs of consolidation.

1.  NWSBCT Index for Blue Chips: Focusing on the more established cryptocurrencies, colloquially known as the “Blue Chips.” The index has seen an uptrend initially but faced a notable drop. Despite the decline, the index fluctuated and staged a modest recovery.
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 retraced by 1.32% in the last 24 hours.
3. Bitcoin and Ether: Bitcoin has retraced by 1.05% and Ether by 1.03% over the same period.

Velas (VLX)

Velas ™ is a self-learning and self-optimizing blockchain platform for secure, interoperable, extremely scalable transactions and smart contracts. The Velas blockchain uses neural networks optimized by artificial intelligence to enhance its consensus algorithm, which maintains decentralization, stability, and security.

Perpetual Protocol (PERP)

Perpetual Protocol is a decentralized perpetual contract protocol for every asset, made possible by a Virtual Automated Market Maker (vAMM). Like Uniswap, traders can trade with our vAMMs directly without needing counterparties. The vAMMs provide guaranteed on-chain liquidity with predictable pricing set by constant product curves. The vAMMs are also designed to be market-neutral and fully collateralized. PERP holders can become stakers by staking the PERP tokens in their possession in a Staking Pool. In return, stakers are rewarded with a portion of the transaction fees in stablecoins plus staking rewards in PERP.