Movers of the Day 2-Apr-2024

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

Top movers of the day are Elastos and Verge which has surged 16.82% since 7 pm. Elastos is slightly higher (+0.05%).

The crypto markets finished the day deep in red as illustrated by an adjacent chart showing the movement of the NWSBCT Index (Blue Chips) over the past 24 hours. 2100NEWS Indices ended between -5.29% and -8.08%. 2100NEWS Total Index (NWST1100) ended -5.83%. Bitcoin ended -5.69%, Ether ended -6.46%.

 

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.

 

XVG

Verge (XVG)

2100NEWS ranking: 358, Small cap, Index member: NWST1100, NWSS300
2100NEWS DA Orderbook Quality Evaluation Grade: Ordinary, Score: 11.3, (Average for Small caps: 10)

Verge is a cryptocurrency designed for people and everyday use. It improves upon the original Bitcoin blockchain and aims to fulfill its initial purpose of providing individuals and businesses with a fast, efficient, and decentralized way of making direct transactions while maintaining your privacy.

 

7:10 p.m. update: Top movers of the day are Verge and Pocket Network. Since 2 pm Verge has surged 16.23%, Pocket Network has increased by 6.05%.

In the afternoon the crypto markets were still down. In the last 24 hours the large caps measured by 2100NEWS 100 Large Cap Index (NWSL100) have fallen by 4.57%. 2100NEWS Total Index (NWST1100) is 4.73% lower. Bitcoin has fallen by 4.51%, Ether even by 5.48%.

 

XVG

Verge (XVG)

 

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

  • BinaryY and Elastos: These cryptocurrencies have grown remarkably over the past 24 hours, with Elastos, in particular, making a significant leap of 33.70% since the morning update.

Overview: The crypto market’s sharp downturn, attributed to the adjustments in the post-window dressing period, has intensified. The sell-off or strategic adjustments following the quarter-end reporting have led to a more pronounced market retreat, with significant indices and major cryptocurrencies reflecting this trend. NWSBCT Index for Blue Chips: Focusing on the more established cryptocurrencies, colloquially known as the “Blue Chips.” The index has reflected the overall trend. The 2100NEWS Indices, which track the performance of various groups of tokens and coins, have reported losses ranging from -5.87% to -8.50% since midnight, indicating a widespread bearish outlook among investors. 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 7.46% over the last 24 hours. Bitcoin and Ether: The declines in Bitcoin and Ether have been particularly significant, with Bitcoin down by 5.86% and Ether by 6.75%

 

ELA

Elastos (ELA)

2100NEWS ranking: 521, Small cap, Index member: NWST1100, NWSS300
2100NEWS DA Orderbook Quality Evaluation Grade: Poor, Score: 8.6 (Average for Small caps: 9.9)

Elastos is open-source software whose development process has been sponsored by industry giants such as the Tsinghua Science Park, the TD-SCDMA Industrial Alliance, and the Foxconn Group for more than 200 million RMB. Elastos has published over ten million lines of source code, including four million lines of source code. Elastos aims to create a new kind of Internet powered by blockchain technology. People can own digital assets and generate wealth from this new Internet.

 

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

  • Aavegotchi and Verge: These cryptocurrencies have grown remarkably over the past 24 hours,
  • Propy has surged by 19.51% since midnight.

Overview: After a stable period, the crypto market resumed a sharp downturn post-midnight. The observation that the market downturn coincides with the end of window dressing activities suggests a strategic realignment by investors. After enhancing portfolio appearances for quarter-end reporting, the subsequent sell-off or adjustments led to a broader market retreat. This trend underscores the influence of institutional behaviors and strategic trading practices on market dynamics.

  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 -3.28% to -4.61% 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 plummeted by 4.58% over the last 24 hours.
  4. Bitcoin and Ether have plummeted, with Bitcoin down 3.84% and Ether plummeting by a more significant 4.52%.

 

PRO

Propy (PRO)

2100NEWS ranking: 519, Small cap Ethereum-based Token, Index member: NWST1100, NWSS300
2100NEWS DA Orderbook Quality Evaluation Grade: Poor, Score: 4.5, (Average for Small caps: 10)

Propy Utility Token was created to promote simple integration in users’ wallets. When a user buys a property, a small percentage (about 0.2% to 1% on average) of the final buying price is charged for Propy. Coins paid for writing data to the Propy Registry are saved in the Ethereum blockchain’s particular Rewards smart contract. The total amount of coins is distributed to the coin owners, equivalent to the PRO holders. The bonuses agreement snaps a picture of coin dispensation monthly and issues quarterly bonuses based on that picture, which is saved in the blockchain. This way, all users can check whether those rewards were allocated accurately.

 

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 protocol aspects, 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.

 


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