Movers of the Day 10-Jun-2024

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

Top Movers of the Day:

• LeverFi and Polymesh: These cryptocurrencies have grown remarkably over the past day.
• Amp has increased by 7.79% since 7 p.m.

Overview: Over the last day, the crypto market has experienced significant volatility, with periods of recovery and decline, ultimately ending lower than where it started.

2100NEWS NWSBCT Index for Blue Chips: This index focuses 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 losses ranging from -0.61% to -2.67% since 7 p.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 fallen by 1.18% over the last 24 hours. Bitcoin and Ether: Bitcoin has decreased by 0.27%, while Ether has fallen by 1.07% over the past day.

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.

 

Amp (AMP)

2100NEWS ranking: 186, Mid-cap Ethereum-based Token, Index member: NWST1100, NWSM200, NWSET100, NWSDM100

2100NEWS DA Orderbook Quality Evaluation Grade: Poor, Score: 12.6 (Average for Ethereum-based Tokens: 15.7)

Amp is the new digital collateral token offering instant, verifiable assurances for any kind of value transfer. Using Amp, networks like Flexa can quickly and irreversibly secure transactions for various asset-related use cases. Amp claims to offer a straightforward but versatile interface for verifiable collateralization through a system of collateral partitions and collateral managers. Where collateral partitions can be designated to collateralize any account, application, or even transaction and carry balances directly verifiable on the Ethereum blockchain, collateral managers are smart contracts that can lock, release, and redirect collateral in these partitions as needed to support value transfer activities. Amp supports a wide variety of use cases for collateralization and also introduces the concept of predefined partition strategies, which can enable special capabilities such as collateral models through which tokens can be staked without ever leaving their original address.

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

• BEERCOIN and Venom: These cryptocurrencies have grown over the past 24 hours, with Venom rising by 16.31% since 2 p.m.

Overview: The cryptocurrency market has demonstrated considerable volatility with multiple fluctuations and a slight upward trend 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 mirrored the overall market trend, with several sharp rises and falls.
2. 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 slightly increased by 0.26% over the last 24 hours.
3. Bitcoin and Ether: Bitcoin has increased by 0.55%, while Ether has increased negligibly by 0.03% over the last 24 hours.

 

Venom (VENOM)

2100NEWS ranking: 194, Mid-cap, Index member: NWST1100, NWSM200, NWSCo100

2100NEWS DA Orderbook Quality Evaluation Grade: Poor, Score: 14.1, (Average for Coins: 15.2)

Venom is an innovative blockchain network that integrates both Layer 0 and Layer 1 functionalities, leveraging Mesh network technology for unparalleled scalability and efficiency. Designed to support large-scale platforms such as stablecoins, CBDCs, and RWAs (e.g., carbon credits), Venom offers a robust infrastructure ideal for Web3 dApps. The network excels in speed, low transaction fees, and high scalability, capable of processing over 100,000 transactions per second with the potential to scale up to 1 million transactions per second. Venom’s architecture includes the Threaded Virtual Machine (TVM) and dynamic sharding, ensuring rapid finality and efficient handling of complex systems. Its interoperability features allow seamless integration with other blockchain networks, supporting cross-chain transactions and EVM-based dApps. Security is maintained through a hybrid consensus mechanism combining Proof of Stake (PoS) and Byzantine fault-tolerant algorithms, providing a stable and secure environment. The Venom ecosystem encompasses a range of tools and services, including the Venom Wallet, Venom Bridge, and Web3World DEX, enhancing user experience and supporting diverse blockchain applications.

 

 

 

 

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

• Audius and BEERCOIN: These cryptocurrencies have grown remarkably over the past 24 hours, with BEERCOIN rising by 17.23% since the morning update.

Overview: Over the last 24 hours, the crypto market has exhibited significant volatility with sharp declines and recoveries. Despite several recovery attempts, the overall trend for the day was a slight downward trajectory

 2100NEWS NWSBCT Index for Blue Chips: This index focuses on the more established cryptocurrencies, colloquially known as the “Blue Chips.” The index has reflected the overall sentiment. The 2100NEWS Indices, which track the performance of various groups of tokens and coins, have reported losses ranging from -0.57% to -2.06% 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 decreased by 0.32% over the last 24 hours. Bitcoin and Ether: Bitcoin has slightly increased by 0.12%, while Ether has decreased by 0.50% over the previous 24 hours.

 

BEERCOIN (BEER)

2100NEWS ranking: 4772 Non-Ethereum-based Token, Index member: –

2100NEWS DA Orderbook Quality Evaluation Grade: -, Score: 8.3

Beercoin is the first beer-based cryptocurrency, originating from a Bavarian startup. It introduces an innovative way to mine cryptocurrency by enjoying a beer. Users can scan a code on the bottle cap to mine Beercoin, making it a fun and engaging way to participate in the crypto economy. This unique approach promotes social interaction and supports breweries by offering them a modern solution to market challenges. Beercoin can be used to:

• purchase more beer,
• donate to charity,
• or send to friends, enhancing its utility and appeal.

 

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

• Turbo and Audius: These cryptocurrencies have grown remarkably over the past 24 hours,
• MANTRA has risen by 7.76% since midnight.

Overview: The crypto market has shown a downward trajectory over the last 24 hours, with established indices and many cryptocurrencies reflecting losses.

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 -0.62% to -2.42% 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 0.42% over the previous 24 hours.
4. Bitcoin and Ether: Bitcoin has increased negligibly by 0.06%, while Ether has slightly decreased by 0.40% over the last 24 hours.

 

MANTRA (OM)

2100NEWS ranking: 131, Mid-cap Ethereum-based Token, Index member: NWST1100, NWSM200, NWSTo100, NWSET100, NWSDM100

2100NEWS DA Orderbook Quality Evaluation Grade: Poor, Score: 13.6, (Average for Tokens: 16.2)

MANTRA DAO is a community-governed DeFi platform focusing on Staking, Lending, and Governance. MANTRA DAO leverages the wisdom of the crowd to create a community-governed, transparent, and decentralized ecosystem for Webb 3.0. Built on the Parity Substrate for the Polkadot ecosystem, MANTRA DAO gives financial control back to the people to store and grow wealth together.

 

Turbo (TURBO)

2100NEWS ranking: 243, Mid-cap Ethereum-based Token, Index member: NWST1100, NWSM200

2100NEWS DA Orderbook Quality Evaluation Grade: Poor, Score: 8.5, (Average for Mid-caps: 13.2)

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.