Movers of the Day 20-Apr-2024

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

Top movers of the day are Velo and rats (Ordinals) surging 28.63% since morning. Velo is 30.83% higher. Bonk has increased by 26.02%.

In the afternoon the crypto markets made a significant move up and finished the day quite high. Today’s crypto market movement is illustrated by an adjacent chart showing the movement of the NWSBCT Index (Blue Chips) over the past 24 hours. 2100NEWS Indices which measure the performance of different groups of tokens and coins ended between +0.85% and +7.01% (NWSOT50). 2100NEWS Total Index (NWST1100) which measures the performance of the major 1100 crypto assets by market capitalization ended +2.41%. Bitcoin ended +0.54%, Ether ended +1.77%.

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.

Velo (VELO)

Velo is a blockchain-based financial protocol enabling digital credit issuance and borderless asset transfer for businesses using a smart contract system. VELO tokens are utility tokens designed to ensure the settlement of digital credits issued in the ecosystem by being used as smart contract-locked collateral for value transfers. Value for VELO token holders will increase as demand for digital credits grows and transfer volumes increase with the addition of more business partners and end-users. Velo’s core mission is to build a decentralized settlement network that allows its Trusted Partners to securely transfer value among one another in a timely and transparent manner. Velo’s initial focus would be on business partners in the remittance and money transfer spaces in Southeast Asia, followed by the wider Asia Pacific region and beyond.

rats [Ordinals] (RATS)

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 are Aurora and Circuits of Value which has increased by 10.32% since midnight. Aurora is 7.96% higher. Tenset has increased by 6.85%

Today most cryptocurrencies started out higher. Since midnight the large caps measured by 2100NEWS 100 Large Cap Index (NWSL100) have increased by 0.70%. Similarly, the small caps (the cryptocurrencies with market cap from $3 million to $15 million) represented by 2100NEWS 300 SmallCap Index (NWSS300) have increased by 0.68%. On the other hand Bitcoin and Ether are lower: BTC -0.38%, ETH -1.04%.

Tenset (10SET)

Tenset is a technological hub specialising in blockchain. They provide innovative young startups with the necessary tools to flourish, while connecting them with powerful marketing and a global community through their world-class launchpad. Tenset Gem Launch Platform is widely respected as one of the top launchpads in the crypto space having previously launched hugely successful projects such as Metahero and Everdome.

Aurora (AURORA)

Aurora is an Ethereum Virtual Machine created by the team at the NEAR Protocol, delivering a turn-key solution for developers to operate their apps on an Ethereum-compatible, high-throughput, scalable, and future-safe platform with low transaction costs for their users.

Circuits of Value (COVAL)

The circuits-of-value system is being designed with a central goal of driving value using “off-chain” methods. This means native coin assets and tokens from other public and private blockchains networks (consisting of COVAL itself) access the COVAL Network of issued ledgers (COVAL Sidechains). They can be transacted flexibly and securely by employing skeptical p2p models in COVAL Network. Both individual tokens and wallets (containers of coins) represented by sidechain assets called Emblems are included in COVAL transactions.