Movers of the Day 14-Mar-2024

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

Top Movers of the Day:

• Frontier and Ox Protocol: These cryptocurrencies have grown remarkably over the past day.
• Alchemy Pay has surged by 22.23% since the 7 p.m. update.

Overview: Over the last 24 hours, the cryptocurrency market has experienced a sharp decline, starting around 11 a.m. and reaching a low near midday. After hitting the low point, the market saw a significant recovery, which continued, with the price climbing back.

NWSBCT Index for Blue Chips: Focusing on the more established cryptocurrencies, colloquially known as the “Blue Chips.” Despite the midday low, the recovery suggests that even well-established assets are not immune to market fluctuations but may have the resilience to bounce back. The 2100NEWS Indices, which track the performance of various groups of tokens and coins, have reported gains ranging from 0.57% to 1.35% 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 fallen by 1.69% in the last 24 hours. Bitcoin and Ether have experienced declines, with Bitcoin dropping by 2.04% and Ether by 2.78%.

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.

Alchemy Pay (ACH)

Alchemy is a leading cryptocurrency payment solution and technology provider in the Asia Pacific that powers online and offline merchants with fast, secure, and convenient hybrid crypto-fiat payment systems and solutions.

7:10 p.m. update: Boba Network and Frontier are the day’s top movers. Since 2 p.m., Boba Network has surged 20.79%; Frontier is 15.37% higher. On the other hand, the MAP Protocol has fallen by 4.41%.

The crypto markets went down in the afternoon. Since 2 p.m., 2100NEWS Indices, which measure the performance of different groups of tokens and coins, have decreased between 1.18% and 2.40%. The 2100NEWS Total Index (NWST1100) is 2.20% lower. Bitcoin has fallen by 2.56% and Ether by 1.93%.

Boba Network (BOBA)

Boba is an L2 Ethereum scaling & augmenting solution built by the Enya team as core contributors to the OMG Foundation. Boba is a next-generation Ethereum Layer 2 Optimistic Rollup scaling solution that reduces gas fees, improves transaction throughput, and extends the capabilities of smart contracts. Boba offers fast exits backed by community-driven liquidity pools, shrinking the Optimistic Rollup exit period from seven days to only a few minutes, while giving LPs incentivized yield farming opportunities.

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

• dogwifhat and Boba Network: These cryptocurrencies have outperformed others with gains over the past 24 hours. dogwifhat has increased by 5.37% since the morning update.

Overview: The cryptocurrency market has trended sideways over the last 24 hours. NWSBCT Index for Blue Chips: This index focuses on the more established cryptocurrencies, colloquially known as the “Blue Chips.” The index has mirrored an overall trend. 2100NEWS Total Index (NWST1100): This index represents a broad spectrum of the crypto market and tracks 1100 significant cryptocurrencies based on their market cap. It has negligibly decreased by 0.11% in the last 24 hours. Bitcoin and Ether: Bitcoin has slightly decreased by 0.19%, while Ether has dropped by 2.02%.

dogwifhat (WIF)

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

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

• dogwifhat and 0x Protocol: These cryptocurrencies have outperformed others with gains over the past 24 hours. 0x Protocol has surged by 25.23% since midnight.

Overview: Over the last 24 hours, the cryptocurrency market has shown signs of consolidation. However, this phase was interrupted by a sharp decline at around 4 p.m., suggesting a sudden sell-off or bearish sentiment. The quick recovery that followed, alongside the ongoing high volatility, signals an active market with potential for risk and opportunity.

1. NWSBCT Index for Blue Chips: This index focuses on the more established cryptocurrencies, colloquially known as the “Blue Chips.” The index experienced a sharp decline, with a low around 4 p.m. However, it recovered quickly to its levels before the drop. The high volatility following the recovery has an overall upward trend.
2. 2100NEWS Total Index (NWST1100): This index represents a broad spectrum of the crypto market and tracks 1100 significant cryptocurrencies based on their market cap. It has modestly increased by 0.49% in the last 24 hours.
3. Bitcoin and Ether: Bitcoin’s modest increase of 0.49% contrasts Ether’s drop of 1.84%.

0x Protocol (ZRX)

0x is a protocol that facilitates the peer-to-peer exchange of Ethereum-based assets. The protocol serves as an open standard and common building block for any developer needing exchange functionality. 0x provides secure smart contracts that are externally audited, developer tools tailored to the 0x ecosystem, and open access to a pool of shared liquidity. Developers can integrate with 0x at the smart contract or application layer.