Movers of the Day 21-Aug-2024

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

Top Movers of the Day:

• Moonriver and Fantom: These cryptocurrencies have grown remarkably over the past day, with Moonriver increasing by 1.43% since 7 p.m.

Overview: The crypto market reflected a day of initial indecision followed by strong upward movement and eventual stabilization, suggesting a positive shift in market sentiment.

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 market sentiment. The 2100NEWS Indices, which track the performance of various groups of tokens and coins, have reported gains ranging from 1.51% to 2.77% 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 soared 2.88% over the last 24 hours. Bitcoin and Ether: Bitcoin has soared by 3.35%, while Ether has surged by 2.16% 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.

Moonriver (MOVR)

Moonriver is the utility token of the Moonriver Network, Moonbeam’s Kusama deployment that serves as a “CanaryNet” to the Moonbeam Network. As such, the token utility behaviors on Moonriver will mirror that of Moonbeam. Moonbeam is a developer-oriented blockchain that strives to provide compatibility with the existing Ethereum developer toolchain and network. It does this by providing a full EVM implementation, a Web3-compatible API, and bridges that connect Moonbeam to existing Ethereum networks. This allows developers to deploy existing Solidity smart contracts and DApp frontends to Moonbeam with minimal changes. Supply and other token economic behaviors on Moonriver will be the same as on Moonbeam. Still, token distribution will be different to support the unique goals and attributes of the network. Moonriver will serve as a “CanaryNet” for Moonbeam, but it will also be a community-led experiment where the community will decide its direction. Among other things, Moonriver used a large parachain crowdloan to obtain its initial parachain slot on Kusama.

7:10 p.m. update: The top movers of the day are Numeraire and Bounce Token. Since 2 p.m., Numeraire has increased by 7.72%, and Bounce Token is 3.22% higher.

The crypto markets are higher. Since 2 p.m., the tokens built on Ethereum measured by 2100NEWS Ethereum Based Index (NWSET100) have increased by 0.82%. 2100NEWS Total Index (NWST1100) is 0.76% higher. Bitcoin has increased by 0.87%, Ether even by 0.99%.

Numeraire (NMR)

Numeraire is a new cryptographic token employed in a novel auction mechanism to create overfitting economically irrational. Numeraire is an ERC20 Ethereum token that makes collaboration congenial with self-interest. Last year, Numeraire introduced a new kind of hedge aire. This resource enables any data scientist to develop machine learning patterns on the team’s data and offer predictions to manage the capital in the team’s hedge fund. Today, a new money abstraction for Numerai has been published, starting modern commerce with the team’s data scientists based on long-term adjustments impossible with regular money.

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

• SuperRare and Sun (New): These cryptocurrencies have grown remarkably over the past 24 hours, with Sun (New) surging by 25.21% since the morning update.

Overview: The crypto market has reflected a period of consolidation and minor adjustments as the market digested the retrace. 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, reflecting similar patterns of decline and subsequent consolidation. 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 retraced by 1.57% over the last 24 hours, indicating a market-wide pullback. Bitcoin and Ether: Bitcoin has retraced by 1.89%, while Ether has dropped by 2.41% over the past 24 hours.

Sun [New] (SUN)

The SUN.io platform is TRON’s first one-stop platform that supports stablecoin swap, token mining, and self-governance.

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

• Sun (New) and SuperRare: These cryptocurrencies have grown remarkably over the past 24 hours. SuperRare has risen by 18.68% since midnight and has leaped 264% over the last seven days.

Overview:  The crypto market has experienced an initial decline, followed by stabilization and a minor recovery, suggesting that the market has tried to find a footing after the sharp midday sell-off

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 sentiment.
2. The 2100NEWS Indices, which track the performance of various groups of tokens and coins, have reported gains ranging from 0.31% to 1.11% since midnight, indicating a recovery across multiple market segments.
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 retraced by 1.87% over the previous 24 hours.
4. Bitcoin and Ether: Bitcoin has retraced by 2.33%, while Ether has dropped by 2.93% over the last 24 hours.

SuperRare (RARE)

SuperRare 2.0 introduces web-scale curation, independently running storefronts on the platform, and sovereign minting contracts for the artists to mint, promote, and sell their works directly to collectors. By embarking on this path of progressive decentralization, SuperRare shifted ownership and governance of the network to the community. SuperRare 2.0 is a decentralized DAO organization that oversees key platform parameters, allocates funds from the Community Treasury, and votes on proposed improvements to the network and protocol.