Movers of the Day 5-Jan-2024

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

Top movers of the day are ConstitutionDAO and Powerledger. Since 7 pm ConstitutionDAO has surged 24.35%, Powerledger is 0.41% higher.

The crypto markets finished the day lower as illustrated by an adjacent chart showing the movement of the NWSBCT Index (Blue Chips) over the past 24 hours. 2100NEWS Indices ended between -1.00% and -4.66%. 2100NEWS Total Index (NWST1100) ended -1.93%. Bitcoin ended -0.93%, Ether ended -1.20%.

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.

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.

7:10 p.m. update: Top movers of the day are Powerledger and Polymesh. Since 2 pm Powerledger has increased by 6.04%, Polymesh by 2.39%.

In the afternoon the crypto markets were sliding down. Since 2 pm the large caps represented by 2100NEWS 100 Large Cap Index (NWSL100) have fallen by 0.99%. 2100NEWS Total Index (NWST1100) is 0.55% lower. Bitcoin has decreased by 0.32%, Ether by 0.27%.

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.

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

• Powerledger and ConstitutionDAO have emerged as the day’s top performers, with ConstitutionDAO registering an impressive 42.62% surge since the morning.

Overview: The cryptocurrency market has been characterized by moderate volatility and lateral movements over the past 24 hours amid speculation and uncertainty regarding approving a spot Bitcoin ETF. NWSBCT Index for Blue Chips: Focusing on the more established cryptocurrencies, colloquially known as the “Blue Chips.” The index has exhibited similar sideways trading with minor upward trends. The 2100NEWS Indices, which track the performance of various groups of tokens and coins, have reported losses ranging from -1.03% to -3.69% 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 0.22% in the last 24 hours. Bitcoin and Ether: Ether reported a slight increase of 0.27%, while Bitcoin saw a more notable rise of 1.21% in the previous 24 hours.

ConstitutionDAO (PEOPLE)

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

• Celestia and Osmosis: These cryptocurrencies have grown remarkably over the past 24 hours.
• Moonriver has risen by 7.76% since midnight.

Overview: The cryptocurrency market has experienced moderate volatility and sideways trading in the last 24 hours, which can be attributed to the uncertainty concerning the anticipated approval of a spot bitcoin ETF.

1.  NWSBCT Index for Blue Chips: Focusing on the more established cryptocurrencies, colloquially known as the “Blue Chips.” The index mirrored the broader market’s movement, trading sideways with slight upward momentum.
2. The 2100NEWS Indices, which track the performance of various groups of tokens and coins, have reported losses ranging from -0.83% to -2.84% 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 risen by 1.41% in the last 24 hours.
4. Bitcoin and Ether: Ether has ascended by 1.36%, and Bitcoin has notably surged by 2.16% over the last 24 hours.

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 its direction. Among other things, Moonriver used a large parachain crowdloan to obtain its initial parachain slot on Kusama.