Movers of the Day 31-Jan-2024

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

Top Movers of the Day:

• LCX and Marlin: These cryptocurrencies have grown remarkably over the past day. Marlin has risen by 9.34% since the 7 p.m. update.

Overview: The crypto market has exhibited a significant decline over the last day, marked by a steep drop in value. After some fluctuation earlier in the day, the market took a sharp downturn in the latter half, indicating a sell-off. NWSBCT Index for Blue Chips: Focusing on the more established cryptocurrencies, colloquially known as the “Blue Chips.” The index echoed the broader market’s decline. The 2100NEWS Indices, which track the performance of various groups of tokens and coins, have reported losses ranging from -1.25% to -2.95% since 7 p.m. 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 plunged 2.75% in the last 24 hours. Bitcoin and Ether: Bitcoin has fallen by 1.70%, while Ether has plunged by 3.50% 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.

 

Marlin (POND)

2100NEWS ranking: 245, Mid-cap Ethereum-based Token, Index member: NWST1100, NWSM200

22100NEWS DA Orderbook Quality Evaluation Grade: Poor, Score: 11.3 (Average for Mid-caps: 13.5)

High volatility!

Marlin is an open protocol that provides high-performance programmable DeFi and Web 3.0 network infrastructure. The nodes in the Marlin network, called Metanodes, operate the MarlinVM, which provides a virtual router interface for developers to deploy customized overlays and perform edge computations.

 

7:10 p.m. update: The day’s top movers are rats (Ordinals) and DFI.Money. Since 2 p.m., rats (Ordinals) have surged 15.77%, DFI.Money is 12.50% higher. LCX has increased by 1.15%.

The crypto markets trended sideways. In the last 24 hours, the large caps represented by the 2100NEWS 100 Large Cap Index (NWSL100) have fallen by 2.29%. 2100NEWS Total Index (NWST1100) is 0.83% lower. Ether has decreased by 1.20%, while Bitcoin has increased by 0.48%.

 

rats [Ordinals] RATS

2100NEWS ranking: 325, Small cap, Index member: NWST1100, NWSS300

2100NEWS DA Orderbook Quality Evaluation Grade: Poor, Score: 8.2 (Average for Small caps: 9.8)

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.

 

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

• DeFiChain and Cortex: These cryptocurrencies have outperformed others with gains over the past 24 hours.
• ECOMI has risen by 13.50% since the morning update.

Overview: Despite an attempt at recovery, the crypto market has experienced a pullback over the last 24 hours. NWSBCT Index for Blue Chips: Focusing on the more established cryptocurrencies, colloquially known as the “Blue Chips.” The index experienced a decline throughout the day, with occasional signs of a rebound that were not strong enough to reverse the downward movement entirely. The 2100NEWS Indices, which track the performance of various groups of tokens and coins, have reported losses ranging from -2.04% to -3.70% 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 fallen by 1.83% in the last 24 hours. Bitcoin and Ether: Bitcoin has fallen by 1.71%, while Ether has had a marginal decrease of 0.09% over the same period.

 

ECOMI (OMI)

2100NEWS ranking: 289, Mid-cap Ethereum-based Token, Index member: NWST1100, NWSM200

2100NEWS DA Orderbook Quality Evaluation Grade:  Poor, Score: 11.2 (Average for Mid-caps: 13.5)

ECOMI is a technology company based in Singapore and is leading the way in the emerging digital collectible space. ECOMI offers a one-stop shop for digital collectibles through the ECOMI Collect app, bringing pop culture and entertainment into the 21st century. The Collect app allows users to experience true ownership of premium digital collectibles. Through the app marketplace, users can obtain common, rare, or one-of-a-kind digital collectibles, share these across the social network service, and exchange them with the Collect community, all from the palm of their hand. ECOMI sees digital collectibles as a new asset class that offers intellectual property owners the opportunity for new revenue streams in the digital landscape. Digital streaming, gaming, and in-app purchasing have become a multibillion-dollar market,t and the next to join this digital trend is the pop culture and collectibles industry.

 

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

• DeFiChain and Maverick Protocol: These cryptocurrencies have outperformed others with gains over the past 24 hours.
• Cortex has risen by 12.15% since midnight.

Overview: The crypto market has trended sideways with a slight pullback over the last 24 hours.

1. NWSBCT Index for Blue Chips: Focusing on the more established cryptocurrencies, colloquially known as the “Blue Chips.” The index has mirrored the overall market.
2. The 2100NEWS Indices, which track the performance of various groups of tokens and coins, have reported losses ranging from -0.68% to -1.80% 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 decreased by 0.60% in the last 24 hours.
4. Bitcoin and Ether: Bitcoin has decreased by 0.77%, while Ether has enjoyed a rise of 1.24% over the same period.

 

Cortex (CTXC)

2100NEWS ranking: 402, Small cap, Index member: NWST1100, NWSS300

2100NEWS DA Orderbook Quality Evaluation Grade: Good, Score: 12.8 (Average for Small caps: 10.0)

In Cortex, due to the nature of the open-source and competitive mechanisms, the best model as an intelligent agent will survive to enhance the intelligence level of the Blockchain network. Cortex’s primary mission is to provide state-of-the-art machine-learning models on the blockchain in which users can infer using smart contracts on the Cortex blockchain. One of Cortex’s goals also includes implementing a machine-learning platform that allows users to post tasks on the platform and submit AI DApps (Artificial Intelligence Decentralized Applications).

 

DeFiChain (DFI)

2100NEWS ranking: 316, Small cap, Index member: NWST1100, NWSS300, NWSCo100

2100NEWS DA Orderbook Quality Evaluation Grade: Poor, Score: 8.9 (Average for Coins: 15.1)

DeFiChain is a blockchain platform built with the mission of maximizing the full potential of DeFi within the Bitcoin (BTC) ecosystem. The software platform is supported by a distributed network of computers and is designed to facilitate fast and transparent transactions. The development team positions DeFiChain as an innovative blockchain project and offers solutions to problems like scalability, security, and decentralization. The project was launched in the fall of 2019 with the aim of offering financial services that commercial banks typically provide (borrowing, lending, investing, and keeping funds). Yet there is a key difference between DeFiChain and a banking network: DeFiChain is a decentralized platform. This provides a number of advantages: authorities and entities cannot control the network, and anyone has the right to participate in the launch of the network protocol. All actions support the entire ne,twork and participants in the process receive DFI tokens.

 

Maverick Protocol (MAV)

2100NEWS ranking: 206, Mid-cap Ethereum-based Token, Index member: NWST1100, NWSM200

2100NEWS DA Orderbook Quality Evaluation Grade: Good, Score: 15.5 (Average for Mid-caps: 13.5)

Maverick Protocol is a new infrastructure for decentralized finance, built to facilitate the most liquid markets for traders, liquidity providers, DAO treasuries, and developers, powered by a revolutionary Automated Market Maker (AMM).