Movers of the Day 28-Oct-2024

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

Top movers of the day are Velo and Bitcoin SV. Since 7 pm Velo has increased by 4.62%, Bitcoin SV by 2.91%.

In the evening the crypto markets went up again to finish the day in green. Today’s crypto market movement is illustrated by an adjacent chart showing the movement of the NWSBCT Index (Blue Chips) over the past 24 hours. The tokens built on Ethereum measured by 2100NEWS Ethereum Based Index (NWSET100) ended +1.25%. 2100NEWS Total Index (NWST1100) ended +2.04%. Bitcoin ended +2.55%, Ether ended +2.06%.

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.

Velo (VELO)

Velo is a blockchain-based financial protocol enabling digital credit issuance and borderless asset transfer for businesses using a smart contract system. VELO tokens are utility tokens designed to ensure the settlement of digital credits issued in the ecosystem by being used as smart contract-locked collateral for value transfers. Value for VELO token holders will increase as demand for digital credits grows and transfer volumes increase with the addition of more business partners and end-users. Velo’s core mission is to build a decentralized settlement network that allows its Trusted Partners to securely transfer value among one another in a timely and transparent manner. Velo’s initial focus would be on business partners in the remittance and money transfer spaces in Southeast Asia, followed by the wider Asia Pacific region and beyond.

7:10 p.m. update: Top movers of the day are Ardor and Shentu. Since 2 pm Ardor has increased by 11.16%, Shentu is 3.76% higher.

In the afternoon the crypto markets stopped going up. Looking at the yesterday’s closings the large caps measured by 2100NEWS 100 Large Cap Index (NWSL100) have fallen by 1.20%. Moreover, the mid caps tracked by 2100NEWS 200 Mid Cap Index (NWSM200) have fallen by 3.50%. Ether has decreased by 0.50% while Bitcoin has increased by 1.31%.

Ardor (ARDR)

Ardor is an open-source multichain platform launched on 01.01.2018. Its unique architecture was designed from the beginning to overcome existing blockchain technology problems and ensure scalability. Ardor’s advanced design introduces a parent–child chain system where the network security and transaction processing for the entire platform is provided by Ardor’s main “parent” chain. At the same time, all the business-ready functionality is present on the permissionless and permissioned child chains.

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

• Metaplex and SPX6900: These cryptocurrencies have grown remarkably over the past 24 hours.
• Velo has risen by 8.57% since the morning update.

Overview: The crypto market has shown consistent strength with a notable rally in the morning, suggesting growing confidence and potential for further gains if the market can maintain this support level. 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 recovered by 1.46% over the last 24 hours. Bitcoin and Ether: Bitcoin recovered by 2.32% and Ether by 2.02% in the previous 24 hours.

Velo (VELO)

Velo is a blockchain-based financial protocol enabling digital credit issuance and borderless asset transfer for businesses using a smart contract system. VELO tokens are utility tokens designed to ensure the settlement of digital credits issued in the ecosystem by being used as smart contract-locked collateral for value transfers. Value for VELO token holders will increase as demand for digital credits grows and transfer volumes increase with the addition of more business partners and end-users. Velo’s core mission is to build a decentralized settlement network that allows its Trusted Partners to securely transfer value among one another in a timely and transparent manner. Velo’s initial focus would be on business partners in the remittance and money transfer spaces in Southeast Asia, followed by the wider Asia Pacific region and beyond.

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

• Metaplex and Solar: These cryptocurrencies have grown remarkably over the past 24 hours, with Solar increasing by 5.67% since midnight.

Overview: Over the last 24 hours, the crypto market experienced an early dip, midday stabilization, and an evening rally, reflecting a day of volatility with signs of resilience.

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. 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 1.71% over the previous 24 hours.
3. Bitcoin and Ether: Bitcoin has rebounded by 1.85%, and Ether has recovered by 1.32% 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.