Movers of the Day 19-Sep-2024

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

Top Movers of the Day:

• Gigachad and Solar: These cryptocurrencies have grown remarkably over the past day, with Solar increasing by 6.55% since 7 p.m.

Overview: The crypto market experienced a rally following the Federal Reserve’s rate cut decision, starting with a solid early surge. This was followed by a period of consolidation and a second rally. However, the latter part of the day saw a gradual decline, likely due to profit-taking. Despite this, the market has remained relatively strong, though it has shown signs of cooling off after a period of sustained gains.

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 losses ranging from -0.55% to -1.44% 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 4.88% over the last 24 hours. Bitcoin and Ether: Bitcoin has soared 4.48%, while Ether while Ether has outperformed Bitcoin, making a leap of 5.62% 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.

Solar (SXP)

SXP is the native utility token of the Solar blockchain. Users can stake it to secure the network, earn rewards, and pay transaction fees on the Solar blockchain. They can also help govern the Solar blockchain by proposing and voting on changes to the protocol and earning rewards for providing liquidity. Additionally, Solar DApps use SXP as their primary currency. Solar is built on the Solar Core, a Layer-1 Blockchain Framework. The Solar blockchain uses the Delegated Proof-of-Stake Consensus (DPoS). The network is protected and supported through DPoS by 53 delegates, node operators, or validators. Solar is an enterprise-level blockchain ecosystem powered by open-source developers and community participation which aims to create a transparent governance ecosystem. Developers constructing DApps on the Solar platform have access to various features, such as smart contracts, decentralized storage, and numerous tools and resources, all of which are provided by Solar Core.

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.
• Turbo has surged by 25.40% since 2 p.m.

Overview: The crypto market has shown a sharp rally following the Federal Reserve’s rate cut decision, characterized by an initial rapid rise, a period of consolidation, and a steady upward trend. The market has been driven by sustained buying interest.

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, reflecting the same strong upward momentum.
2. The 2100NEWS Indices, which track the performance of various groups of tokens and coins, have reported significant leaps ranging from 5.57% to 10.10% since midnight, indicating broad-based market strength.
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 shown a considerable leap of 7.48% over the last 24 hours.
4. Bitcoin and Ether: Bitcoin has soared 6.12%, while Ether has outperformed Bitcoin, making a leap of 7.48% in the previous 24 hours.

Turbo (TURBO)

Turbo is a community-driven crypto adventure. Birthed from a wild idea: GPT-4 guided & the quest to create the next great memecoin.

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

• Altlayer and Popcat (SOL): These cryptocurrencies have grown remarkably over the past 24 hours, with Altlayer rising by 17.09% since the morning update.

Overview:  The crypto market saw a significant leap following the Federal Reserve’s rate cut decision, which led to solid gains across various assets. This move prompted a sharp rally, followed by consolidation as traders took profits and the market digested gains. The market has continued with a slight upward trend, reflecting optimism and sustained buying pressure. 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 gains ranging from 4.03% to 7.63% 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 soared 5.24 over the last 24 hours. Bitcoin and Ether: Bitcoin has soared by 4.61%, while Ether has outperformed Bitcoin, making a leap of 5.68% in the previous 24 hours.

Altlayer (ALT)

AltLayer is a decentralized protocol designed to enhance the security, decentralization, and interoperability of rollups through its innovative Restaked Rollups mechanism. By integrating popular rollup stacks like OP Stack, Arbitrum Orbit, and Polygon CDK, AltLayer provides crypto-economic fast finality using a restaking process. The platform’s native utility token, ALT, plays a crucial role in economic bonding, governance, incentivizing network operators, and paying protocol fees. AltLayer’s core offerings include VITAL, an actively validated service for verifying blocks; MACH, which enables faster finality using restaked Ethereum-based assets; and SQUAD, which provides decentralized sequencing to solve issues such as bad MEV and rent extraction.

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

• Kadena and cat in a dogs world: These cryptocurrencies have grown remarkably over the past 24 hours, with cat in a dogs world soaring 31.31% since midnight.

Overview: The crypto market’s rally follows the Federal Reserve’s decision to slash interest rates by half a percentage point yesterday and a forecast for two additional cuts later this year. This move is seen as favorable for riskier assets, including cryptocurrencies. After the rally, the market entered a period of consolidation, where assets stabilized after sharp gains.

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, reflecting the overall rally and subsequent stabilization.
2. The 2100NEWS Indices, which track the performance of various groups of tokens and coins, have reported gains ranging from 3.08% to 6.39% since midnight, highlighting broad-based strength across different segments 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 soared by 3.39% over the previous 24 hours.
4. Bitcoin and Ether: Bitcoin has shown robust growth, surging by 2.72%, while Ether has outperformed Bitcoin, soaring by 4.02% over the last 24 hours.

cat in a dogs world (MEW)

MEW, the cat-inspired cryptocurrency, is on a mission to reclaim its territory from the dogs. With the goal of siphoning liquidity from its rivals, MEW emerges to reclaim its rightful place in the crypto realm at the top of the food chain.