Movers of the Day 4-Jan-2024

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

Top Movers of the Day:

• Celestia and Helium Mobile: These cryptocurrencies have grown remarkably over the past day. Helium Mobile has risen by 9.21% since the 7 p.m. update.

Overview: The crypto market experienced a rebound over the previous day. NWSBCT Index for Blue Chips: Focusing on the more established cryptocurrencies, colloquially known as the “Blue Chips.” The index has rebounded. 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 rebounded 3.28% in the last 24 hours. Bitcoin and Ether were not immune to the rebound, with Ether surging by 2.87% and Bitcoin soaring by 3.75% over the last 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.

Helium Mobile (MOBILE)

Launched in July 2019, Helium is a decentralized wireless network that allows low-power smart devices to send and receive data to the internet. Miners earn HNT for providing network coverage and relaying data to the internet using Hotspot hardware.

7:10 p.m. update: The top movers of the day are Moonriver and Celestia. Since 2 p.m., Moonriver has increased by 12.93%, and Celestia is 8.32% higher.

In the afternoon, the crypto markets went up significantly. Since 2 p.m., 2100NEWS Indices have increased up to 2.65%. 2100NEWS Total Index (NWST1100) is 1.55% higher. Bitcoin has increased by 1.49%, Ether by 1.70%.

Moonriver (MOVR)

Moonriver is the utility token of the Moonriver Network, Moonbeam’s Kusama deployment that serves as a “CanaryNet” to the Moonbeam Network. As such, the token utility behaviors on Moonriver will mirror that of Moonbeam. Moonbeam is a developer-oriented blockchain that strives to provide compatibility with the existing Ethereum developer toolchain and network. It does this by providing a full EVM implementation, a Web3-compatible API, and bridges that connect Moonbeam to existing Ethereum networks. This allows developers to deploy existing Solidity smart contracts and DApp frontends to Moonbeam with minimal changes. Supply and other token economic behaviors on Moonriver will be the same as on Moonbeam, but token distribution will be different to support the unique goals and attributes of the network. Moonriver will serve as a “CanaryNet” for Moonbeam, but it will also be a community-led experiment where the community will decide the direction it takes. Among other things, Moonriver used a large parachain crowdloan to obtain its initial parachain slot on Kusama.

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

• ConstitutionDAO and Ethereum Name Services: These cryptocurrencies stood out as significant gainers over the past 24 hours.
• Memecoin has risen by 11.98% since midnight.

Overview: The crypto market has experienced consolidation amidst the uncertainty regarding the approval of a spot bitcoin ETF, and there’s a cautious air as market participants digest the possibility of the SEC rejecting all Bitcoin spot ETF proposals in January, delaying potential approvals until the year’s second quarter. NWSBCT Index for Blue Chips: Focusing on the more established cryptocurrencies, colloquially known as the “Blue Chips.” The index fluctuated and staged a modest recovery. The 2100NEWS Indices, which track the performance of various groups of tokens and coins, have reported gains ranging from 0.58% to 3.23% 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 rebounded 1.12% in the last 24 hours. Bitcoin and Ether have rebounded, with Bitcoin posting a surge of 1.97% and Ether modestly climbing by 0.46%.

Meme (MEME)

Meme is an experimental protocol mashing up some of the most exciting innovations in DeFi and crypto collectibles.

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

• ConstitutionDAO and Powerledger: These cryptocurrencies have grown remarkably over the past day.
• Ethereum Name Services have surged by 20.53% since midnight.

Overview: The cryptocurrency market faced a period of consolidation after a substantial downturn that occurred around noon the previous day. The volatility in the market was fueled by the uncertainty surrounding the approval of a spot bitcoin ETF, leading to significant liquidations across derivatives exchanges to the tune of $500 million. Market sentiment appears cautious following reports that the SEC may reject all Bitcoin spot ETF proposals in January, with potential approvals not expected until the year’s second quarter.

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 plummeted 5.77% in the last 24 hours, reflecting a broader market retreat.
3. Bitcoin and Ether were not spared, with Ether experiencing a significant 5.91% plunge and Bitcoin declining by 4.84%.

Ethereum Name Service (ENS)

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.

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.