Movers of the Day 18-Sep-2024

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

Top Movers of the Day:

• Kadena and ZetaChain: These cryptocurrencies have grown remarkably over the past day.
• Fantom has risen by 11.82% since 7 p.m.

Overview: The Federal Reserve slashed interest rates by a half percentage point Wednesday and charted a course for two additional cuts this year. The crypto market has responded with a mix of declines and recoveries over the last 24 hours. While early losses and midday drops reflected a bearish tone, but the sharp evening recovery indicates a renewed sense of buying interest, with many assets bouncing back.

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 broader market’s sentiment. The 2100NEWS Indices, which track the performance of various groups of tokens and coins, have reported gains ranging from 0.80% to 3.58% 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 slightly decreased by 0.14% over the last 24 hours. Bitcoin and Ether: Bitcoin has somewhat decreased by 0.14%, while Ether has fallen by 0.58% 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.

 

Fantom (FTM)

2100NEWS ranking: 37, Large-cap Ethereum-based Token, Index member: NWST1100, NWSL100, NWSTo100, NWSET100

2100NEWS DA Orderbook Quality Evaluation Grade: Ordinary, Score: 19.6 (Average for Large-caps: 18.2)

FANTOM is the world’s firstDAG-basedd smart contract platform that solves the issue of scalability and confirmation time of the existing blockchain technology.

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

• First Neiro on Ethereum and Big Time: These cryptocurrencies have grown remarkably over the past 24 hours.
• ZetaChain has increased by 6.34% since 2 p.m.

Overview: The crypto market has steadily retraced over the past 24 hours, with early intense selling pressure leading to a sustained downward trend. While there were some attempts at recovery, volatility persisted, reflecting overall market weakness and uncertainty.

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 losses ranging from -1.01% to -2.34% 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 retraced by 2.03% over the last 24 hours.
4. Bitcoin and Ether: Bitcoin has retraced by 1.78%, while Ether has dropped by 2.79% over the previous 24 hours.

ZetaChain (ZETA)

ZetaChain is a novel L1 that has chain-agnostic interoperability built-in (EVM-compatible, Cosmos/IBC, Bitcoin, Dogecoin, Tron, etc.). Developers currently use ZetaChain’s messaging capabilities to send data and native value (without wrapping assets) between any chains.ZetaChain will also support native smart contracts, which let developers build omnichain dApps that orchestrate funds across chains from a single contract.

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

• Kadena and First Neiro on Ethereum: These cryptocurrencies have grown remarkably over the past 24 hours, with Kadena surging by 21.75% since the morning update.

Overview: Over the past 24 hours, the crypto market has faced some setbacks, followed by an initial recovery. After the initial surge, the pullback has erased some of those gains, indicating volatility and market uncertainty.  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. The 2100NEWS Indices, which track the performance of various groups of tokens and coins, have reported losses ranging from -0.80% to 1.68% since midnight, reflecting a partial correction after the earlier recovery. 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 increased by 0.57 over the last 24 hours. Bitcoin and Ether: Bitcoin has recovered by 1.33%; in contrast, Ether has slightly decreased by 0.19% over the past 24 hours.

Kadena (KDA)

Kadena’s hybrid blockchain platform comprises a public blockchain, a permissioned network, and the Pact smart contract language.

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

• First Neiro on Ethereum and Big Time: These cryptocurrencies have grown remarkably over the past 24 hours, with Big Time surging by 24.37% since midnight.

Overview: Over the past 24 hours, the crypto market has experienced a significant recovery, although there has been some pullback after the initial surge, indicating a period of consolidation.

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. 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 2.18% over the previous 24 hours.
3. Bitcoin and Ether: Bitcoin has shown robust growth, recovering by 3.23%, while Ether has risen by 1.03% over the last 24 hours.

Big Time (BIGTIME)

Big Time is a multiplayer action RPG for PC that melds a fast-combat system with an open game economy where players have an active role in generating and exchanging game items. Their approach is to make Web3 elements invisible to players so they don’t represent an obstacle to entertainment and cater to a broader audience.