Movers of the Day 31-May-2024

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

Top movers of the day are Turbo and ConstitutionDAO which has increased by 3.45% since 7 pm. in that time Turbo has stayed almost the same.

Most cryptocurrencies finished the day lower as illustrated by an adjacent chart showing the movement of the NWSBCT Index (Blue Chips) over the past 24 hours. The coins (without Bitcoin and Ether) represented by 2100NEWS Coin Index (NWSCo100) ended -0.27%. 2100NEWS Total Index (NWST1100) ended -0.52%. Bitcoin ended -1.28% while Ether ended +0.89%.

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.

ConstitutionDAO (PEOPLE)

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.

7:10 p.m. update: Top movers of the day are Turbo and MyNeighborAlice which has surged 29.09% since 2 pm. Turbo is 15.54% higher. Guild of Guardians has increased by 1.46%.

In the afternoon the crypto markets went down significantly. Since 2 pm the large caps (the cryptocurrencies with market cap from $200 million to $50 billion) measured by 2100NEWS 100 Large Cap Index (NWSL100) have decreased by 1.49%. 2100NEWS Total Index (NWST1100) is 1.64% lower. Bitcoin has fallen by 1.86%, Ether by 1.44%.

MyNeighborAlice (ALICE)

My Neighbor Alice is a decentralized project which represents the implementation of the My Neighbor Alice blockchain-aligned game. My Neighbor Alice is a play-to-earn (P2E) builder game built on Chromia, which is supported by and aligned with the Ethereum network. For this reason,the project is compatible with the EVM-based Ethereum blockchain. My Neighbor Alice is also aligned with the BNB Chain and Solana blockchain ecosystems.

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

• Jasmy and Turbo: These cryptocurrencies have grown remarkably over the past 24 hours, with Turbo rebounding by 12.76% since the morning update.

Overview: Over the last 24 hours, the cryptocurrency market has trended sideways, with a slight recovery toward the end of the period.

 2100NEWS NWSBCT Index for Blue Chips: This index focuses on the more established cryptocurrencies, colloquially known as the “Blue Chips.” The index has mirrored overall sentiment. The 2100NEWS Indices, which track the performance of various groups of tokens and coins, have reported gains ranging from 0.01% to 0.65% since midnight. 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 risen by 0.98% over the last 24 hours. Bitcoin and Ether: Bitcoin has increased by 0.79%, while Ether has experienced a more significant surge of 1.92% over the previous 24 hours.

Turbo (TURBO)

Turbo Token is a groundbreaking memecoin created entirely by artificial intelligence. The project began as a bold experiment with the founder challenging GPT-4 to create a memecoin on a budget of just $69. Turbo Token emerged as a decentralized, community-driven crypto adventure. The project leveraged AI for every aspect of its creation, including the name, logo, tokenomics, and smart contract code. This innovative approach has resulted in Turbo gaining significant attention and popularity in the crypto community. Key features of Turbo Token include:

• AI-Creation: Entirely created by GPT-4, from concept to execution.
• Community-Driven: Turbo Token emphasizes decentralization and community involvement.
• Unique Tokenomics: With a total supply of 69 billion tokens and no taxes or presales, ensuring fairness and accessibility.

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

• JasmyCoin and Beam: These cryptocurrencies have grown remarkably over the past 24 hours, with Beam soaring 29.96% since midnight.

Overview: The crypto market has generally remained stable, showing sideways movement over 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 mirrored the general market trend.
2. The 2100NEWS Indices, which track the performance of various groups of tokens and coins, have reported losses ranging from -0.25% to -0.76% 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 increased by 0.25% over the previous 24 hours.
4. Bitcoin and Ether: Bitcoin has increased by 0.64%, while Ether has slightly decreased by 0.18% over the last 24 hours.

Beam (BEAM)

The $BEAM token is the native crypto asset of the Beam network, a blockchain ecosystem developed by the Merit Circle DAO for the gaming industry. This ecosystem connects gamers and developers, providing tools like the Beam SDK for integrating blockchain features into games. $BEAM tokens are essential for transactions and interactions within the network, including asset transfers and smart contract operations, ensuring a seamless gaming experience. Additionally, $BEAM functions as a gas token, covering transaction fees and supporting network security through validation. Beyond technical functionalities, $BEAM plays a crucial role in the governance of the Merit Circle DAO. Token holders can participate in decision-making processes, propose changes, and manage the community treasury, highlighting the token’s importance in the ecosystem’s evolution. The Beam ecosystem includes various components like BeamOS, BeamSwap, Beam Bridge, and the Sphere NFT marketplace, all designed to enhance the gaming experience.​