Movers of the Day 6-Jan-2024

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

Top movers of the day are ConstitutionDAO and Decentralized Social. Since morning ConstitutionDAO has increased by 6.43%, Decentralized Social is 4.01% 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. The large caps measured by 2100NEWS 100 Large Cap Index (NWSL100) ended -1.33%. Our main 2100NEWS Total Index (NWST1100) ended -0.48%. Bitcoin ended -0.12%, Ether ended -0.16%.

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.

Top movers of the day are Powerledger and Telos. Since midnight Powerledger has increased by 5.97%, Telos by 3.53%.

The crypto markets moved lower this morning. Since midnight 2100NEWS Indices which measure the performance of different groups of tokens and coins have fallen between 0.30% and 2.10% (NWSOT50). Our main 2100NEWS Total Index (NWST1100) which measures the performance of the major 1100 crypto assets by market capitalization is 0.76% lower. Bitcoin has decreased by 0.33%, Ether by 0.23%.

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.

Telos (TLOS)

Telos is a networked ecosystem enabling visionary leaders and communities to work together to build a new global economy. Telos is a new blockchain network based on EOSIO software. Telos has modified the Eos genesis snapshot and some rules to make the network more responsible to the majority of token holders, be more attractive to DApp developers, and generally run more responsively and sustainably.

Polymesh (POLYX)

Polymesh is an institutional-grade permissioned blockchain built specifically for regulated assets. It streamlines antiquated processes and opens the door to new financial instruments by solving the challenges around governance, identity, compliance, confidentiality, and settlement.