Movers of the Day 9-May-2024

2100news (17)

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

Top Movers of the Day:

  • Akash Network and Energy Web Token: These cryptocurrencies have grown remarkably over the past day.
  • Radix has risen by 13.68% since 7 p.m.

Overview: The crypto market has shown resilience, embarking on a recovery trajectory characterized by growth starting around 4 p.m.

 NWSBCT Index for Blue Chips: Focusing on the more established cryptocurrencies, colloquially known as the “Blue Chips.” The index has shown movement similar to the overall market. The 2100NEWS Indices, which track the performance of various groups of tokens and coins, have reported gains ranging from 0.77% to 1.28% since 7 a.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 surged by 2.20% over the last 24 hours. Bitcoin and Ether: Bitcoin’s rise by 1.73% and Ether’s gain of 1.76% further solidify the market’s upward movement.

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.

 

XRD

Radix (XRD)

2100NEWS ranking: 137, Mid-cap , Index member: NWST1100, NWSM200, NWSCo100, NWSDM100
2100NEWS DA Orderbook Quality Evaluation Grade: Poor, Score: 14, (Average for Coins: 15.2)

Radix can refer to a few different things, depending on context: (1) Radix as software: Radix can refer to the Radix Node software, Radix Desktop Wallet, and Radix Explorer; (2) Radix as a protocol: Radix can refer to the Radix Protocol, which is the set of rules that governs validator nodes running Radix Node software. The Radix Protocol comprises the Radix Engine’s application layer and Cerberus’s consensus layer. It is the first layer one protocol specifically built to serve DeFi; (3) Radix as a network: The Radix Protocol running on validator nodes forms the basis of the Radix Public Network – a fully decentralized platform for DeFi dApps and users; (4) Radix as a ledger: The decentralized Radix Public Network maintains the public, immutable and permissionless Radix Ledger; (5) Radix as a project: Radix can refer to the decentralized project being undertaken by the Radix Community, core developer RDX Works, Radix Foundation, and Radix Tokens (Jersey); (6) Radix as an ecosystem: All of the above, including a decentralized community of users, developers, node-runners, and XRD token holders; dApps, partners, and ancillary services, forms the totality of the Radix ecosystem.

 

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

  • Moonriver and Verge: These cryptocurrencies have grown over the past 24 hours, with Verge rising by 18.61% since 2 p.m.

Overview: Over the previous 24 hours, the cryptocurrency market has trended sideways

  1. NWSBCT Index for Blue Chips: This index focuses on the more established cryptocurrencies, colloquially known as the “Blue Chips.” The index has mirrored the general market trend, suggesting that significant assets are participating in the recovery.
  2. The 2100NEWS Indices, which track the performance of various groups of tokens and coins, have reported gains ranging from 0.70% to 3.25% since midnight.
  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 risen 1.43% since the 2 p.m. update but decreased by 0.12% over the last 24 hours, highlighting substantial market improvement.
  4. Bitcoin and Ether have shown slight declines, with Bitcoin decreasing by 0.49% and Ether by 0.22%.

 

XVG

Verge (XVG)

2100NEWS ranking: 335, Small cap, Index member: NWST1100, NWSS300, NWSCo100
2100NEWS DA Orderbook Quality Evaluation Grade: Poor, Score: 11.3, (Average for Coins: 15.2)

Verge is a cryptocurrency designed for people to use every day. 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.

 

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

  • Celsius and UMA: These cryptocurrencies have grown remarkably over the past 24 hours.
  • Energy Web Token has increased by 4.04% since the morning update.

Overview: The cryptocurrency market has been experiencing considerable fluctuations, which has resulted in an overall decrease in the market in 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 reflected the general market mood. 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 1.04% over the previous 24 hours. Bitcoin and Ether: Bitcoin has dropped by 1.97%, while Ether has decreased by 0.55% over the last 24 hours.

 

EWT

Energy Web Token (EWT)

2100NEWS ranking: 312, Small cap, Index member: NWST1100, NWSS300, NWSCo100
2100NEWS DA Orderbook Quality Evaluation Grade: Poor, Score: 9.9, (Average for Coins: 15.2)

Energy Web Token (EWT) is the native token of the Energy Web Chain, a public, Proof-of-Authority Ethereum Virtual Machine blockchain specifically designed to support enterprise-grade applications in the energy sector. The Energy Web Chain is operated and governed by over 25 Validator nodes from 15 countries, including utilities, grid operators, and startups. In addition to its native token, the EW Chain supports all ERC standards. The Energy Web Chain was launched in June 2019 by the Energy Web Foundation – a global nonprofit unleashing blockchain’s potential in the energy sector – and its international consortium of Members, including upstream energy companies, utilities, grid operators, and software.

 

 

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

  • Celsius and Frontier: These cryptocurrencies have grown remarkably over the past 24 hours.
  • ConstitutionDAO has surged by 22.12% since midnight.

Overview: The cryptocurrency market has experienced considerable fluctuations, leading to a slight decrease in the last 24 hours.

  1.  NWSBCT Index for Blue Chips: This index focuses on the more established cryptocurrencies, colloquially known as the “Blue Chips.” The index has reflected the general market mood by mirroring these overall market dynamics
  2. The 2100NEWS Indices, which track the performance of various groups of tokens and coins, have reported gains ranging from 0.43% to 2.26% since midnight.
  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 decreased by 0.31% over the previous 24 hours.
  4. Bitcoin and Ether: Bitcoin has fallen by 1.41%, while Ether has risen by 1.07% since midnight but decreased by 0.49% over the last 24 hours.

 

PEOPLE

ConstitutionDAO (PEOPLE)

2100NEWS ranking: 276, Mid-cap Ethereum-based Token, Index member: NWST1100, NWSM200
2100NEWS DA Orderbook Quality Evaluation Grade: Good, Score: 16.5, (Average for Mid-caps: 13.5)

Constitution DAO was an experiment that has now been dissolved. In November 2021, a group of web3-enthusiasts gathered as a decentralized autonomous organization with the shared objective of buying a copy of the U.S. Constitution at a Sotheby’s Auction. There are only 13 original physical copies of the U.S. Constitution in existence, which meant that this auction sparked a competitive bidding battle. Even though the group raised well over $40 million in ETH, it ultimately fell short. It was outbid by Ken Griffin, a billionaire hedge fund manager and CEO of Citadel.

 

CEL

Celsius (CEL)

2100NEWS ranking: 400, Small cap Ethereum-based Token, Index member: NWST1100, NWSS300
2100NEWS DA Orderbook Quality Evaluation Grade: Ordinary, Score: 11.5 (Average for Small caps: 10.1)

Celsius Network is a democratized interest income and lending platform accessible via a mobile app. Built on the belief that financial services should only do what is in the community’s best interests, Celsius is a modern platform where membership provides access to curated financial services unavailable through traditional financial institutions. Crypto holders can earn interest by transferring their coins to their Celsius Wallet and borrowing USD against their crypto collateral at interest rates as low as 4.95% APR.

 

 

FRONT

Frontier (FRONT)

2100NEWS ranking: 360, Small cap Ethereum-based Token, Index member: NWST1100, NWSS300
2100NEWS DA Orderbook Quality Evaluation Grade: Good, Score: 12.6 (Average for Small caps: 10.1)

Frontier is a chain-agnostic DeFi aggregation layer. With applications, users can participate in protocol tracking and management, staking, best-rate asset swapping, liquidity provision, CDP creation & monitoring, and more. In short, Frontierʼs core mission is to bring the essential pieces of DeFi to users across whichever platforms they prefer.

 


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