Movers of the Day 19-Jun-2024

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

Top Movers of the Day:

• Degen and Turbo: These cryptocurrencies have grown remarkably over the past day, with Turbo rising by 12.64% since 7 p.m.

Overview: The recent market movements indicate a slight upward trend, with the crypto market partially recovering and stabilizing after previous fluctuations.

2100NEWS NWSBCT Index for Blue Chips: This index focuses on the more established cryptocurrencies, colloquially known as the “Blue Chips.” The index managed to recover. The 2100NEWS Indices, which track the performance of various groups of tokens and coins, have reported gains ranging from 0.18% to 0.93% 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 risen by 1.04% over the last 24 hours. Bitcoin and Ether: Bitcoin has slightly decreased by 0.28%, in contrast, Ether has surged by 2.82% 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.

 

Turbo (TURBO)

2100NEWS ranking: 225, 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.

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

• Turbo and Degen: These cryptocurrencies have grown remarkably over the past 24 hours.
• Ocean Protocol has risen by 8.60% since 2 p.m.

Overview: The crypto market has consolidated after the initial recovery, suggesting that it is stabilizing.

1. 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.
2. The 2100NEWS Indices, which track the performance of various groups of tokens and coins, have reported gains ranging from 0.22% to 2.48% since midnight, suggesting a pullback across different sectors of the crypto market.
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 recovered by 2.30% over the last 24 hours.
4. Bitcoin and Ether: Bitcoin has risen by 0.64%, while Ether has recovered by 3.82% over the previous 24 hours.

 

Ocean Protocol (OCEAN)

2100NEWS ranking: 108, Mid-cap Ethereum-based Token, Index member: NWST1100, NWSM200, NWSTo100, NWSET100

2100NEWS DA Orderbook Quality Evaluation Grade: Ordinary, Score: 15.8 (Average for Tokens: 16.2)

Ocean Protocol is a decentralized data exchange protocol that lets people share and monetize data while providing control, auditability, transparency, and compliance with all actors involved.

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

• Convex Finance and Lido DAO Token: These cryptocurrencies have grown remarkably over the past 24 hours.
• Flare has increased by 5.67% since the morning update.

Overview: Despite the significant initial decline, the crypto market has managed to turn around positively.

 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 gains ranging from 0.46% to 2.20% 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 1.19% over the last 24 hours. Bitcoin and Ether: Bitcoin has decreased by 0.33%, in contrast, Ether has recovered by 3.51% over the previous 24 hours.

 

Flare (FLR)

2100NEWS ranking: 106, Mid-cap, Index member: NWST1100, NWSM200, NWSCo100, NWSDM100

2100NEWS DA Orderbook Quality Evaluation Grade: Poor, Score: 9.6, (Average for Coins: 15.2)

Flare is an EVM-based Layer 1 blockchain designed to allow developers to build interoperable applications with blockchains and the internet. Flare enables new use cases and monetization models by providing decentralized access to high-integrity data. Flare’s native interoperability protocols, the State Connector and the FTSO are secured by the network itself, allowing it to reliably deliver data from a wide variety of off-chain sources in a decentralized way. The Flare Time Series Oracle delivers highly-decentralized price and data feeds to dapps on Flare without relying on centralized providers.

 

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

• Convex Finance and Degen: These cryptocurrencies have grown remarkably over the past 24 hours, with Degen soaring 33.48% since midnight.

Overview: Despite substantial bearish pressure initially, the crypto market’s recovery attempts were successful, leading to a positive turnaround.

1.  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, reflecting the recent recovery.
2. The 2100NEWS Indices, which track the performance of various groups of tokens and coins, have reported recoveries ranging from 1.0% to 4.23% 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 recovered by 1.75% over the previous 24 hours.
4. Bitcoin and Ether: Bitcoin has slightly increased by 0.15%, while Ether has recovered by 3.63% over the last 24 hours.

 

Degen (DEGEN)

2100NEWS ranking: 3839 Ethereum-based Token, Index member: –

2100NEWS DA Orderbook Quality Evaluation Score: 9.5

Degen started as a reward token for participants in the Farcaster Degen channel. What began as a meme coin now boasts a substantial following of developers, crypto content creators, and enthusiasts who have bought into the coin. During its initial launch, 15% of the total supply was airdropped to active members of the Farcaster’s Degen channel, and there are plans to airdrop 70% of the token’s total supply eventually.

 

Convex Finance (CVX)

2100NEWS ranking: 239, Mid-cap Ethereum-based Token, Index member: NWST1100, NWSM200

2100NEWS DA Orderbook Quality Evaluation Grade: Poor, Score: 10.9 (Average for Mid-caps: 13.2)

Convex Finance is a DeFi protocol that allows Curve liquidity providers to earn a share of trading fees on Curve without staking liquidity there. Instead, LPs can stake with Convex and receive boosted CRV and liquidity mining rewards. This provides CRV stakers with better capital efficiency and positions Convex Finance as an important player in the Curve wars.