Movers of the Day 14-Jan-2024

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

Top movers of the day are Syntropy and Velas. Since morning Syntropy has surged 28.58%, Velas is 16.87% 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 which measure the performance of different groups of tokens and coins ended between -0.30% and -2.91%. Our main 2100NEWS Total Index (NWST1100) ended -1.56%. Similarly, Bitcoin ended -1.53%, Ether ended -2.44%.

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.

Syntropy (NOIA)

Syntropy (previous NOIA Network) transforms the public internet into a secure and user-centric internet, where encryption and optimized performance are built-in and automatically enabled for anything and everything connected to it.

Top movers of the day are Jito Labs and Synapse. Since midnight Jito Labs has increased by 8.38%, Synapse is 7.87% higher.

The crypto markets started out at the same levels as they finished last night. In the last 24 hours the large caps represented by 2100NEWS 100 Large Cap Index (NWSL100) have increased by 1.35%. Our main 2100NEWS Total Index (NWST1100) which measures the performance of the major 1100 crypto assets by market capitalization is 0.27% higher. On the other hand Bitcoin and Ether are lower: BTC -0.35%, ETH -0.08%.

rats [Ordinals]  (RATS)

RATS is a BRC-20 meme token on the Bitcoin blockchain with a significant total supply, designed for trading and potentially driven by community interest and viral trends. The RATS BRC-20 token isamongf the most popular meme coins on the Bitcoin blockchain. It was created by the Ordinals protocol and using satoshis, following the BRC-20 standard. This standard allows for creating and managing tokens on Bitcoin’s network. As a meme token, RATS primarily derives its value and utility from community interest and popularity rather than underlying technical or economic functionalities. Regarding technical operation, RATS tokens are inscribed on the Bitcoin blockchain, a process that records their details and transactions. Users can trade, hold, or engage with these tokens through cryptocurrency exchanges that support BRC-20 tokens.

Jito (JTO)

Jito is the liquid staking service for Solana that distributes MEV (maximum extractable value) rewards to holders. The Jito Stake Pool enables users to stake their Solana tokens in exchange for a liquid stake pool token (JitoSOL). The JitoSOL token provides liquidity while earning a combination of staking rewards and MEV rewards. Jito’s liquid staking token is unique in two ways: (1) JitoSOL provides additional rewards to users from MEV transactions happening on Solana; (2) Jito exclusively stakes with validators that run software designed to improve network performance. The improvements from the introduction of an auction mechanism so network congestion is less likely.

Synapse (SYN)

Synapse is a cross-chain layer ∞ protocol powering frictionless interoperability between blockchains. Synapse provides decentralized, permissionless transactions between any L1, sidechain, or L2 ecosystem. It powers integral blockchain activities such as asset transfers, swaps, and generalized messaging with cross-chain functionality – enabling new primitives based on its cross-chain architecture. While Synapse focuses on cross-chain transactions, at its core, there has been and continues to be an AMM that enables low slippage swaps between pegged assets on any chain. At any point, users can use Synapse to swap between native stablecoins at the best rates on all Synapse-enabled chains.