Movers of the Day 11-Oct-2024

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

Top movers of the day are Non-Playable Coin and Solar. Since midnight Non-Playable Coin has increased by 8.53%, Solar is 3.58% higher.

The crypto markets finished the day in green as illustrated by an adjacent chart showing the movement of the NWSBCT Index (Blue Chips) over the past 24 hours. The large caps measured by 2100NEWS 100 Large Cap Index (NWSL100) ended +4.34%. Similarly, 2100NEWS Total Index (NWST1100) ended +4.38%. Bitcoin ended +4.62%, Ether ended +2.84%.

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.

Non-Playable Coin (NPC)

NPC is a coin for one of the most recognizable memes online. “I support the current coin” is our community’s motto, a homage to the non-playable character meme first popularized in 2018. The original meme has been redesigned and cleaned up.

7:10 p.m. update: Top movers of the day are Ethena and Non-Playable Coin. Since 2 pm Ethena has surged 20.38%, Non-Playable Coin has increased by 4.62%.

In the afternoon the crypto markets were going up. 2100NEWS Indices have increased up to 3.25%. 2100NEWS Total Index (NWST1100) is 1.47% higher. Bitcoin has increased by 1.65%, Ether by 0.84%.

Ethena (ENA)

Ethena is a synthetic dollar protocol developed on the Ethereum blockchain, providing a crypto-native solution for stable money without reliance on the traditional banking system. Designed to be globally accessible, Ethena introduces the “Internet Bond,” a dollar-denominated savings instrument tailored for the digital age. By leveraging Ethereum’s decentralized infrastructure, Ethena offers a secure, censorship-resistant financial tool that enables users worldwide to store value and earn yield in a decentralized environment. This protocol addresses the limitations of conventional financial systems, positioning itself as an innovative alternative for individuals seeking financial autonomy and stability within the cryptocurrency ecosystem.

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

• Dog (Runes) and Solar: These cryptocurrencies have grown remarkably over the past 24 hours, with Dog (Runes) rising by 12.31% since the morning update.

Overview: The crypto market has shown resilience over the last 24 hours, bouncing back from a steep drop. Despite volatility, there has been a notable recovery driven by buying pressure, which has helped stabilize the market. If this support holds, it could lay the foundation for further growth, reflecting cautious optimism among investors. 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 1.53% to 4.67% 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 increased by 0.46% over the last 24 hours. Bitcoin and Ether: Bitcoin has seen marginal movement, increasing by 0.01%, while Ether has risen by 0.65% in the previous 24 hours.

Dog (Runes) (DOG)

DOG is a decentralized, community-led memecoin on the Bitcoin blockchain, launched on April 24, 2024. It was distributed through a volunteer-organized airdrop to the Bitcoin Ordinals community, with no team allocation or presale, underscoring its grassroots ethos. DOG’s mission is to onboard millions of users to Bitcoin, using its meme-driven appeal as a gateway to broader Bitcoin adoption. Built on the Runes Protocol, DOG can be traded on Bitcoin Layer 1, Layer 2, and centralized exchanges (CEXs), making it a novel addition to the growing Bitcoin ecosystem.

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

• Dog (Runes) and Solar: These cryptocurrencies have grown remarkably over the past 24 hours, with Solar surging by 27.77% since midnight.

Overview: The crypto market has been marked by considerable volatility over the past 24 hours but remains relatively flat overall. A significant drop occurred around 6 p.m. yesterday, followed by a strong recovery, which suggests a possible support level that may offer investors some optimism in the future.

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 trend.
2. The 2100NEWS Indices, which track the performance of various groups of tokens and coins, have reported gains ranging from 0.77% to 2.87% 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 slightly decreased by 0.18% over the previous 24 hours.
4. Bitcoin and Ether: Bitcoin has decreased by 0.41%; in contrast, Ether has slightly increased by 0.26% over the last 24 hours.

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.