Movers of the Day 15-Jan-2024

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

Top Movers of the Day:

• Multibit and Flare: These cryptocurrencies have grown remarkably over the past day.
• Ribbon Finance has risen by 12.73% since the 7 p.m. update.

Overview: The crypto market has been active, with pronounced fluctuations suggesting a phase of consolidation as investors navigate through the volatility. Despite the market’s oscillation, there appears to be an underlying trend of stabilization and moderate growth in the past day. NWSBCT Index for Blue Chips: Focusing on the more established cryptocurrencies, colloquially known as the “Blue Chips.” The index has mirrored the overall market’s trend. 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 increased by 0.41% in the last 24 hours. Bitcoin and Ether: Ether exhibited a minor increase of 0.07%, while Bitcoin experienced a more significant rise of 0.78% over the previous 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.

Ribbon Finance (RBN)

Ribbon Finance is the governance token of Ribbon Finance, a new protocol that helps users access crypto-structured products for DeFi. It combines options, futures, and fixed income to improve a portfolio’s risk-return profile. Ribbon uses financial engineering to create structured products that deliver sustainable yield, and Ribbon’s first product focuses on yield through automated options strategies. The protocol also allows developers to create arbitrarily structured products by combining various DeFi derivatives.

Top Movers of the Day (at 7 p.m. update):

• Multibit and Flare: These cryptocurrencies have grown over the past 24 hours. Flare has surged by 24.29% since the 2 p.m. update.

Overview: The crypto market saw a substantial dip during the early hours but has since recovered, showing resilience.

1. NWSBCT Index for Blue Chips: Focusing on the more established cryptocurrencies, colloquially known as the “Blue Chips.” Despite a sharp dip in the chart, the index has regained some ground, indicating a degree of resilience within the market in the last 24 hours.
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 slightly decreased by 0.09% in the last 24 hours.
3. Bitcoin and Ether have experienced only minor fluctuations within the same period. Ether’s negligible increase of 0.01% and Bitcoin’s modest fall of 0.61% reflect a market that, while experiencing some volatility, remains relatively stable in the face of recent market movements.

Flare (FLR)

Flare is an EVM-based Layer 1 blockchain designed to allow developers to build interoperable applications with blockchains and the internet. Flare enables new use cases and monetization models by providing decentralized access to high-integrity data. Flare’s native interoperability protocols, the State Connector and the FTSO are secured by the network itself, allowing it to reliably deliver data from a wide variety of off-chain sources in a decentralized way. The Flare Time Series Oracle delivers highly-decentralized price, and data feeds to dapps on Flare without relying on centralized providers.

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

• tomiNet and Neon EVM: These cryptocurrencies have grown over the past 24 hours. Neon EVM has surged by 23.10% since the morning update.

Overview: The crypto market saw a substantial dip during the early hours but has since recovered, showing resilience. NWSBCT Index for Blue Chips: Focusing on the more established cryptocurrencies, colloquially known as the “Blue Chips.” Despite a sharp dip, the index has regained some ground, indicating a degree of resilience within the market in the last 24 hours. 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 decreased by 0.17% in the last 24 hours. Bitcoin and Ether have experienced only minor fluctuations within the same period. Ether’s negligible decrease of 0.01% and Bitcoin’s modest decrease of 0.35% reflect a market that, while experiencing some volatility, remains relatively stable in the face of recent market movements.

Neon EVM (NEON)

Neon EVM is an Ethereum Virtual Machine operating as a smart contract on Solana. It gives developers the power to directly deploy Ethereum dApps with no code change while benefiting from Solana’s technical advantages, and it is all built with security, decentralization, and sustainability top of mind.

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

• tomiNet and SuperVerse: These cryptocurrencies have grown over the past 24 hours. SuperVerse has risen by 13.47% since midnight.

Overview: The crypto market declined, followed by a tentative recovery, which suggests the crypto market is testing support levels and investor sentiment is grappling with bearish and bullish pulls.

1.  NWSBCT Index for Blue Chips: Focusing on the more established cryptocurrencies, colloquially known as the “Blue Chips.” The index has demonstrated a downward trend in the last 24 hours. After a period of relative stability, the index took a downturn. Despite this drop, the index exhibits some recovery, attempting to climb back, as indicated by the slight upward trajectory.
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 fallen modestly by 0.71% in the last 24 hours.
3. Bitcoin and Ether: Ether has seen a decline of 1.50%, showing more significant volatility than Bitcoin, with a relatively modest fall of 0.70% over the same period.

SuperVerse (SUPER)

The SuperVerse is building and delivering Web3 products that empower crypto natives with next-generation NFT functionality and onboard Web2 users through immersive blockchain gaming experiences. The SuperVerse comprises two core verticals: NFT marketplace technology and video games. This wide array of Web3 tools and features is supported and governed by a single protocol and token: $SUPER ERC20 (formerly SuperFarm). The SuperVerse harbors two central products: GigaMart, a next-gen NFT marketplace with advanced analytics tools and unique social features, and Impostors, a social-gaming metaverse.”

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 is among 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.