Movers of the Day 1-Apr-2024

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

Top Movers of the Day:

  • Core and Aavegotchi: These cryptocurrencies have grown remarkably over the past day,
  • Bitensor has risen by 8.80% since the 7 p.m.

Overview: After a steep drop post-midnight, the crypto market experienced volatility. It later showed signs of recovery, pointing to a possible stabilization as buying activity picked up following the earlier sell-off.

NWSBCT Index for Blue Chips: Focusing on the more established cryptocurrencies, colloquially known as the “Blue Chips.” The index has echoed the broader market’s patterns. The 2100NEWS Indices, which track the performance of various groups of tokens and coins, have reported gains ranging from 0.57% to 1.43% since 7 p.m., suggesting a recovery across different sectors of the crypto market. 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 plummeted by 2.88% in the last 24 hours. Bitcoin and Ether have seen declines, with Bitcoin falling by 1.61% and Ether plummeting by 3.61%, indicating that the negative trend has been particularly impactful on Ether.

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.

TAO

Bittensor (TAO)

2100NEWS ranking: 52, Large-cap, Index member: NWST1100, NWSL100, NWSCo100, NWSDM100
2100NEWS DA Orderbook Quality Evaluation Grade: Poor, Score: 11.7, (Average for Large-caps: 17.9)

Bittensor is an open-source protocol that powers a decentralized, blockchain-based machine-learning network. Machine learning models train collaboratively and are rewarded in TAO according to the informational value they offer the collective. TAO also grants external access, allowing users to extract information from the network while tuning its activities to their needs. Ultimately, our vision is to create a pure market for artificial intelligence, an incentivized arena in which consumers and producers of this valuable commodity can interact in a trustless, open, and transparent context. Bittensor enables a novel, optimized strategy for developing and distributing artificial intelligence technology by leveraging the possibilities of a distributed ledger. Specifically, it facilitates open access/ownership, decentralized governance, and the ability to harness globally distributed computing power resources and innovation within an incentivized framework. An open-source repository of machine intelligence, accessible to anyone, anywhere, thus creating the conditions for open and permission-less innovation on a global internet scale; Distribution of rewards and network ownership to users in direct proportion to the value they have added.

 

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

  • Core and Aavegotchi: These cryptocurrencies have grown remarkably over the past 24 hours, with Aavegotchi soaring 40.53% since 2 p.m.

Overview: After a brief period of consolidation, the crypto market resumed its sharp decline after midnight, which could indicate broader market concerns following the quarter’s close.

  1. NWSBCT Index for Blue Chips: Focusing on the more established cryptocurrencies, colloquially known as the “Blue Chips.” The index has tracked the broader market’s movements.
  2. The 2100NEWS Indices, which track the performance of various groups of tokens and coins, have reported losses ranging from -3.40% to -6.38% since midnight, suggesting a pullback across different sectors of the crypto market.
  3. 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 plummeted by 3.54% over the last 24 hours.
  4. Bitcoin and Ether Bitcoin’s decline of 2.55% and Ether’s more pronounced drop of 4.65% showcase the current negative pressure in the market.

 

GHST

Aavegotchi (GHST)

2100NEWS ranking: 432, Small cap Ethereum-based Token, Index member: NWST1100, NWSS300
2100NEWS DA Orderbook Quality Evaluation Grade: Ordinary, Score: 9.9, (Average for Small caps: 10)

Aavegotchi (GHST) is the governance token of the Aavegotchi NFT Gaming protocol. GHST token holders receive voting power in the AavegotchiDAO, which oversees all aspects of the protocol, Aavegotchi’s flagship game, the Gotchiverse, and Aavegotchi NFTs. Aavegotchis themselves are pixelated ghosts backed by the ERC-721 token standard. The Aavegotchi NFTs have dynamic metadata that changes over time through user interaction. An Aavegotchi’s value and rarity are determined by its collateral stake, traits, and wearables. The collateral stake is based on the innovative ERC721 Aavegotchi NFT that manages an escrow contract holding Aave-backed ERC20 collateral or “aToken,” which generates yield via Aave’s LendingPool. Traits are based on random traits based on birth, kinship, and experience (XP). The protocol is called Aavegotchi as a nod to Aave, which translates to “ghost” in Finnish and is powered by the Aave protocol, one of the leading lending protocols in DeFi. The token ticker also cleverly spells out “ghost” minus the vowel.

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

  • Core and Aavegotchi: These cryptocurrencies have grown remarkably over the past day, with Aavegotchi surging by 27.94% since the morning update.

Overview: The crypto market has shown signs of consolidation following a sharp downturn that began after midnight, potentially indicating a period of market reassessment at the end of the first quarter. NWSBCT Index for Blue Chips: Focusing on the more established cryptocurrencies, colloquially known as the “Blue Chips.” The index has tracked the broader market’s movements. 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 fallen by 1.58% over the last 24 hours. Bitcoin and Ether have declined, with Bitcoin down by 1.19% and Ether by 1.90%.

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

  • Core and Jito Labs: These cryptocurrencies have grown remarkably over the past day, with Jito Labs rising by 13.83% since midnight.

Overview: After a stable period, the market underwent a sharp downturn post-midnight, suggesting a shift in sentiment as the first quarter ended.

  1.  NWSBCT Index for Blue Chips: Focusing on the more established cryptocurrencies, colloquially known as the “Blue Chips.” The index has reflected the overall trend.
  2. The 2100NEWS Indices, which track the performance of various groups of tokens and coins, have reported losses ranging from -1.13% to -3.00% since midnight, showing a broader market retreat.
  3. 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 fallen by 1.27% over the last 24 hours.
  4. Bitcoin and Ether have declined, with Bitcoin falling by 0.87% and Ether dropping by a more significant 2.12%.

 

JTO

Jito (JTO)

2100NEWS ranking: 174, Mid-cap Non-Ethereum-based Token, Index member: NWST1100, NWSM200, NWSOT50
2100NEWS DA Orderbook Quality Evaluation Grade: Ordinary, Score: 15.4, (Average for Non-Ethereum-based Tokens: 14.1)

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.

 

CORE

Core (CORE)

2100NEWS ranking: 175, Mid-cap , Index member: NWST1100, NWSM200, NWSCo100, NWSDM100
2100NEWS DA Orderbook Quality Evaluation Grade: Poor, Score: 12.5 (Average for Coins: 15.1)

The Core is a new, independent blockchain to operate at the core of Web 3. Powered by a new consensus mechanism, Satoshi Plus, Core is a Turing-complete blockchain leveraging the Bitcoin mining hash rate and the Ethereum Virtual Machine (EVM). Satoshi Plus applies a protocol-driven validator election mechanism to combine the optimal features of Proof of Work (PoW) and Delegated Proof of Stake (DPoS) to maximize security, scalability, and decentralization. Core DAO’s mission is to broadly grow the Core network and the Satoshi Plus ecosystem.

 

 

 


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