Movers of the Day 1-Mar-2024

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

Top movers of the day are dogwifhat and FLOKI. Since 7 pm dogwifhat has surged 18.06%, FLOKI has increased by 15.95%.

The crypto markets finished the day in green as illustrated by an adjacent chart showing the movement of the NWSBCT Index (Blue Chips) over the past 24 hours. 2100NEWS Indices ended between +2.50% and +8.53% (NWSM200). Bitcoin ended +2.18%, Ether ended +3.38%.

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.

dogwifhat (WIF)

Popular meme Dogwifhat is a meme token within the Solana ecosystem.

7:10 p.m. update: Top movers of the day are Pepe and FLOKI. Since 2 pm Pepe has surged 33.05%, FLOKI is 35.01% higher. Carry Protocol has increased by 10.60%.

The crypto markets trended sideways. In the last 24 hours the large caps measured by 2100NEWS 100 Large Cap Index (NWSL100) have increased by 2.11%. Moreover, the mid caps represented by 2100NEWS 200 Mid Cap Index (NWSM200) have increased even by 4.55%. Our main 2100NEWS Total Index (NWST1100) is 1.93% higher. Bitcoin has increased by 1.76%, Ether by 1.28%.

Pepe (PEPE)

PEPE is a deflationary meme-coin launched on Ethereum. The cryptocurrency was created as a tribute to the Pepe the Frog internet meme, created by Matt Furie, which gained popularity in the early 2000s. The project aims to capitalize on the popularity of meme coins, like Shiba Inu and Dogecoin and strives to establish itself as one of the top meme-based cryptocurrencies. PEPE appeals to the cryptocurrency community by instituting a no-tax policy, a redistributive system rewarding long-term stakers, and a burning mechanism to maintain the scarcity of the PEPE coin.

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

• Spell Token and Axelar: These cryptocurrencies have outperformed others with gains over the past 24 hours.
• Biconomy has surged by 23.38% since the morning update.

Overview: In the last 24 hours, the cryptocurrency market has shown resilience by rebounding after testing support levels, indicating underlying strength. Investors have demonstrated bullish sentiment, viewing dips as buying opportunities. However, the market is still finding its footing, and potential stabilization or continued bullish sentiment are key themes to watch. NWSBCT Index for Blue Chips: Focusing on the more established cryptocurrencies, colloquially known as the “Blue Chips.” The index decreased sharply, hitting a low point in the evening. Subsequently, the index has gradually recovered, climbing back up in a zigzag pattern through the night and into the morning hours, with some minor pullbacks along the way, with investors potentially taking profits and re-entering the market. The 2100NEWS Indices, which track the performance of various groups of tokens and coins, have reported gains ranging from 2.18% to 5.81% since midnight, pointing towards a widespread bullish wave in the crypto space. 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 0.19% in the last 24 hours. Bitcoin and Ether: Bitcoin has seen a modest decrease of 0.38%, with Ether’s fall of 1.21% being more significant.

Biconomy (BICO)

Biconomy is the multi-chain transaction infrastructure for the next-generation Web 3.0 applications. Through Biconomy’s powerful and easy-to-use APIs, developers can enable a simple and customized user journey so their end-users don’t get frustrated by blockchain complexities. By solving key pain points at the crypto transactional layer, Biconomy is on a mission to bring the familiarity of Web 2.0 to simplify Web 3.0 experiences that will drive mass adoption.

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

• Spell Token and Axelar: These cryptocurrencies have outperformed others with gains over the past 24 hours. Axelar has surged by 27.6% since midnight.

Overview: The cryptocurrency market has trended sideways, with considerable fluctuations 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 reflected the overall sentiment.
2. The 2100NEWS Indices, which track the performance of various groups of tokens and coins, have reported gains ranging from 0.68% to 6.35% since midnight, pointing towards a widespread bullish wave in the crypto space.
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 retraced by 1.67% in the last 24 hours.
4. Bitcoin and Ether: Bitcoin has seen a significant drop of 1.89%, with Ether’s decline of 2.86% being more pronounced.

Axelar (AXL)

2100NEWS ranking: 103, Mid-cap Ethereum-based Token, Index member: NWST1100, NWSM200, NWSTo100, NWSET100, NWSDM100

2100NEWS DA Orderbook Quality Evaluation Grade: Poor, Score: 12.5 (Average for Tokens: 16.4)

Spell Token (SPELL)

Abracadabra.money is a lending platform that uses interest-bearing tokens (ibTKNs) as collateral to borrow a USD-pegged stablecoin that can be used as any other traditional stablecoin.