Movers of the Day 13-Jun-2024
Tokens and coins that moved the most in the last 24 hours:
Top Movers of the Day:
- Shentu and Omni Network: These cryptocurrencies have grown remarkably over the past day, with Omni Network increasing by 3.84% since 7 p.m.
Overview: The crypto market has fallen, reflecting persistent bearish pressure and difficulties sustaining upward movements.
2100NEWS NWSBCT Index for Blue Chips: This index focuses on the more established cryptocurrencies, colloquially known as the “Blue Chips.” The index struggled to maintain any upward momentum, indicating ongoing market challenges. 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 plunged by 2.91% over the last 24 hours, indicating that the widespread bearish sentiment has affected many cryptocurrencies. Bitcoin and Ether: Bitcoin has dropped 2.34% and Ether 2.32% 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.
Omni Network (OMNI)
| 2100NEWS ranking: 232, Mid-cap Ethereum-based Token, Index member: NWST1100, NWSM200 |
| 2100NEWS DA Orderbook Quality Evaluation Grade: Ordinary, Score: 13.3, (Average for Mid-caps: 13.2) |
Omni Network is a blockchain platform aimed at resolving fragmentation across Ethereum rollups, enabling developers to launch globally-native applications. It enhances security through EigenLayer restaking, leveraging Ethereum’s infrastructure for low latency and high throughput. Backed by investors like Coinbase Ventures, Pantera Capital, Jump Crypto, and Spartan Group, Omni Network unites various Ethereum rollups, mitigating liquidity and user experience fragmentation and fostering a unified, efficient Ethereum ecosystem.
Top Movers of the Day (at 7 p.m. update):
- Aethir and Shentu: These cryptocurrencies have grown remarkably over the past 24 hours, with Shentu rising by 11.10% since 2 p.m.
Overview: The crypto market has trended downward, indicating persistent bearish pressure with moments of recovery. The repeated declines to support levels without sustained recoveries suggest ongoing uncertainty and selling pressure.
- NWSBCT Index for Blue Chips: Focusing on the more established cryptocurrencies, colloquially known as the “Blue Chips.” The index has tracked the broader market’s movements.
- The 2100NEWS Indices, which track the performance of various groups of tokens and coins, have reported losses ranging from -2.55% to -5.10% since midnight, suggesting a pullback across different sectors of the crypto market.
- 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 plunged by 4.50% over the last 24 hours, highlighting the overall negative sentiment and considerable market downturn.
- Bitcoin and Ether Bitcoin’s plunge of 3.92% and Ether’s more pronounced drop of 4.21% showcase the current negative pressure in the market.
Shentu (CTK)
| 2100NEWS ranking: 310, Small cap Ethereum-based Token, Index member: NWST1100, NWSS300 |
| 2100NEWS DA Orderbook Quality Evaluation Grade: Good, Score: 13.1, (Average for Small caps: 9.9) |
Shentu Chain is a security-first, delegated proof-of-stake blockchain designed for mission-critical applications like DeFi, NFTs, and autonomous vehicles. It emphasizes cross-chain compatibility and is built as a Cosmos Hub with full EVM and Hyperledger Burrow compatibility, as well as eWASM and AntChain. The Security Oracle offers real-time transaction protection and flags vulnerabilities. Audited projects with high-security scores may qualify for ShentuShield, a decentralized reimbursement system for lost or stolen crypto assets. Projects can use DeepSEA, a secure programming language supported by the Ethereum Foundation, Qtum Foundation, and IBM, directly with the Shentu Virtual Machine (SVM), which is EVM-compatible. The native token, CTK, powers on-chain functionalities, including the Security Oracle, ShentuShield, gas fees, and governance voting.
Top Movers of the Day (at 2 p.m. update):
- Aethir and io.net: These cryptocurrencies have grown remarkably over the past 24 hours.
- Jito Labs has increased by 3.74% since the morning update.
Overview: Yesterday, the crypto market exhibited midday spikes. The overall trend was downward with a slight recovery, indicating persistent bearish pressure with moments of recovery.
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 -1.38% to -3.96% 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 0.38% over the last 24 hours, indicating a potential stabilization. Bitcoin and Ether: Bitcoin has negligibly decreased by 0.06%, while Ether has fallen by 1.12% over the previous 24 hours.
Jito (JTO)
| 2100NEWS ranking: 129, Mid-cap Non-Ethereum-based Token, Index member: NWST1100, NWSM200, NWSTo100, NWSOT50, NWSDM100 |
| 2100NEWS DA Orderbook Quality Evaluation Grade: Poor, Score: 15.4, (Average for Tokens: 16.2) |
Jito is the liquid staking service for Solana that distributes MEV (maximum extractable value) rewards to holders. The Jito Stake Pool enables users to stake their Solana tokens in exchange for a liquid stake pool token (JitoSOL). The JitoSOL token provides liquidity while earning a combination of staking rewards and MEV rewards. Jito’s liquid staking token is unique in two ways: (1) JitoSOL provides additional rewards to users from MEV transactions happening on Solana; (2) Jito exclusively stakes with validators that run software designed to improve network performance. The improvements from introducing an auction mechanism so network congestion is less likely.
Top Movers of the Day (at 9 a.m. update):
- Aethir and io.net: These cryptocurrencies have grown remarkably over the past 24 hours
- Aelf has increased by 8.35% since midnight.
Overview: Despite the midday spike, the crypto market has experienced a downward trend, indicating persistent bearish pressure and fluctuating investor confidence within 24 hours.
- NWSBCT Index for Blue Chips: This index focuses on the more established cryptocurrencies, colloquially known as the “Blue Chips.” The index mirrored the general market trend.
- The 2100NEWS Indices, which track the performance of various groups of tokens and coins, have reported losses ranging from -1.59% to -3.54% since midnight.
- 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 0.16% over the previous 24 hours.
- Bitcoin and Ether: Bitcoin has increased by 0.36%, while Ether has fallen by 0.61% over the last 24 hours.
aelf (ELF)
| 2100NEWS ranking: 160, Mid-cap Ethereum-based Token, Index member: NWST1100, NWSM200, NWSET100 |
| 2100NEWS DA Orderbook Quality Evaluation Grade: Poor, Score: 14.7, (Average for Ethereum-based Tokens: 15.7) |
Ælf is a distributed cloud computing blockchain network. Ælf offers high performances by using full nodes developed on cloud servers. Each smart contract runs on its Blockchain. The development of this coin is determined by users’ voting system, making it entirely community-driven. This means token holders can contribute to decision-making and representatives via their votes.
io.net (IO)
| 2100NEWS ranking: , Index member: – |
| 2100NEWS DA Orderbook Quality Evaluation Grade: -, Score: 13.7 |
io.net represents a groundbreaking advancement in decentralized AI computing, offering the world’s largest decentralized GPU network. This platform aggregates GPU power from various sources, including underutilized data centers and crypto mining farms, to create scalable and distributed clusters capable of handling intensive AI and machine learning workloads. io.net significantly reduces costs, offering GPU computing at up to 90% savings compared to traditional centralized cloud providers like AWS and Google Cloud. The network’s unique capability to deploy tens of thousands of GPUs with low latency facilitates rapid scaling and efficient processing. By partnering with decentralized infrastructure networks like Render and Filecoin, io.net extends its compute capacity and monetization opportunities for AI/ML companies. This collaborative and innovative ecosystem supports the growing demand for GPU resources driven by the exponential growth of AI applications. With a global presence in over 138 countries, io.net democratizes access to GPU computing power, enabling AI startups and enterprises to accelerate their development processes. This initiative addresses the challenges of GPU scarcity and high costs and fosters a new era of AI innovation, making cutting-edge computational resources more accessible and economically feasible.
Lily
Litecoin