Movers of the Day 30-Jul-2024

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

Top movers of the day are PlatON Network and Decred which has increased by 11.55% since 7 pm. PlatON Network is 2.50% lower.

The crypto markets finished the day in red as illustrated by an adjacent chart showing the movement of the NWSBCT Index (Blue Chips) over the past 24 hours. 2100NEWS Indices which measure the performance of different groups of tokens and coins ended between -1.51% and -3.43%. 2100NEWS Total Index (NWST1100) ended -1.75%. Bitcoin ended -1.70%, Ether ended -1.76%.

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.

Decred (DCR)

Decred is a self-funding cryptocurrency with a system of community-based governance integrated into its blockchain. Decred iterates on Bitcoin by employing an innovative hybrid Proof-of-Work (PoW)/Proof-of-Stake (PoS) system and the Politeia governance platform to solve the issues of centralization, funding, and governance. In Decred’s hybrid system, PoW acts similarly to Bitcoin, but miners only receive 60% of the block reward. Thirty percent of the Decred block reward goes to PoS voters who quality control the miners’ work, reducing the miners’ power, emphasizing the coin holders’ hands, and securing the network. The final 10% block reward goes into the Treasury to fund development and operations. The self-funding element ensures that Decred is sustainable over the long term.

7:10 p.m. update: Top movers of the day are PlatON Network and NEM. Since 2 pm PlatON Network has surged 25.17%, NEM has increased by 4.42%.

In the afternoon the crypto markets went down again. Since 2 pm the large caps measured by 2100NEWS 100 Large Cap Index (NWSL100) have decreased by 0.37%. 2100NEWS Total Index (NWST1100) is 0.48% lower. Similarly, Bitcoin has fallen by 0.46%, Ether even by 0.71%.

PlatON (LAT)

PlatON is a future-oriented infrastructure for privacy computation and distributed economies built on blockchain and cryptographic technologies. PlatON aims to enable and facilitate trades in data usage while protecting data ownership and privacy, eventually establishing a viable market for data and computing power. PlatON, in its capacity as a data and computation marketplace, differentiates from other public blockchains with many added features, which creates a new value proposition for its native token and requires a unique governance structure.

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

• Convex Finance and Echelon Prime: These cryptocurrencies have grown remarkably over the past 24 hours.
• BinaryX has risen 7.97% since the morning update.

Overview: The crypto market has experienced consolidation following a pullback after the recent spike. 2100NEWS 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 trend. 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 dropped by 3.31% over the last 24 hours. Bitcoin and Ether: Bitcoin has plummeted by 4.31%, while Ether has fallen by 1.14%, over the past 24 hours.

BinaryX (BNX)

2100NEWS ranking: 115, Mid-cap Non-Ethereum-based Token, Index member: NWST1100, NWSM200, NWSTo100, NWSOT50, NWSDM100

2100NEWS DA Orderbook Quality Evaluation Grade: Poor, Score: 12.7 (Average for Tokens: 16.2)

BinaryX is a GameFi and IGO platform, and the force behind popular blockchain games such as CyberChess, CyberDragon, and CyberLand. These games run on the BNB Chain. Aside from developing games, BinaryX has now evolved into a full-fledged GameFi platform by offering Initial Game Offering (IGO) services, giving game developers the opportunity to launch their GameFi projects on their platform and for users to get early access to innovative new games.

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

• Convex Finance and Mog Coin: These cryptocurrencies have grown remarkably over the past 24 hours, with Mog Coin rising by 12.05% since midnight.

Overview: The crypto market experienced a spike, a pullback, and periods of volatility and consolidation.

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.
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 plummeted by 3.38% over the previous 24 hours, reflecting a general market retracement.
3. Bitcoin and Ether: Bitcoin has plummeted by 4.16%, while Ether has dropped by 1.46% over the last 24 hours.

Mog Coin (MOG)

MOG represents a groundbreaking revolution in the cryptocurrency world, transcending the typical memecoin narrative. Unlike traditional crypto projects, MOG is fueled by an unwavering passion for memes and viral content. This unique memecoin aims to dominate the internet, creating a global impact through its hilarious and mind-blowing memes. The distinguishing factor of MOG lies in its vibrant community, a tight-knit tribe of meme enthusiasts dedicated to producing unparalleled, side-splitting content. MOG’s commitment to humor and originality sets it apart, ensuring it doesn’t merely follow trends but sets new standards in the meme landscape. This paper explores the innovative approach of MOG, its community dynamics, and its potential to revolutionize how viral content is integrated into the cryptocurrency market.