Movers of the Day 31-Oct-2024

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

Top Movers of the Day:

• Kaia and Gigachad: These cryptocurrencies have grown remarkably over the past day, with Gigachad increasing by 7.93% since 7 p.m.

Overview: The crypto market has experienced a steady decline, with limited upward movement and heightened selling pressure dominating the trend. This aligns with a broader cautious sentiment, as investors remain wary.

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 -0.33% to -0.72% since 7 p.m. 2100NEWS Total Index (NWST1100): Representing a wide spectrum of the crypto market, this index tracks 1100 significant cryptocurrencies based on their market cap. It has plummeted by 3.54% over the last 24 hours. Bitcoin and Ether: Bitcoin has retraced by 2.73%, while Ether has seen a sharper decline, plummeting by 5.34%, indicating stronger bearish sentiment for Ethereum-based assets than Bitcoin 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.

Gigachad (GIGA)

The Giga Chad meme on Solana aspires to become the leading memecoin in the crypto community, drawing inspiration from a popular meme. Their mission goes beyond digital currency; they foster self-improvement and encourage each member to become their best self. Recognizing the value of time and discipline, they emphasize these virtues as core values within their community. They are not just a memecoin but a collective of like-minded individuals committed to personal growth and positively impacting those around them.

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

• Kaia and Biconomy: These cryptocurrencies have grown remarkably over the past 24 hours.
• Celestia has increased by 2.24% since 2 p.m.

Overview: The crypto market trend has shifted sharply downward, with the decline accelerating in the afternoon. This momentum suggests intensified selling pressure, which has led to a more pronounced pullback across the market.

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 -2.77% to -4.50% since midnight. This widespread decline shows that nearly all market segments are experiencing retracements.
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 2.69% over the last 24 hours.
4. Bitcoin and Ether: Bitcoin has retraced by 1.58%, while Ether has shown a more pronounced pullback of 5.03%, indicating a stronger bearish sentiment for Ethereum-based assets than Bitcoin over the previous 24 hours.

Celestia (TIA)

Celestia is a new technology that powers, scales, and secures web3 applications. To achieve this, Celestia introduces a new blockchain architecture to solve the core scaling challenges of today’s blockchains. This new architecture is what we call modular blockchains.

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

• Ponke and Kaia: These cryptocurrencies have grown remarkably over the past 24 hours, with Kaia increasing by 8.34% since the morning update.

Overview: The crypto market has experienced a steady decline, with limited upward movement and increased selling pressure. If this trend continues, it may test even lower support levels, reinforcing the current cautious sentiment.  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 -0.48% to -2.05% since midnight, indicating widespread retracement across different market segments. 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 0.32% over the last 24 hours. Bitcoin and Ether: Bitcoin has slightly increased by 0.33%; in contrast, Ether has retraced by 1.40% in the previous 24 hours.

Kaia (KAIA)

Kaia is a high-performance public blockchain formed through the merger of the Klaytn and Finschia blockchains, initially developed by Kakao and LINE, respectively. This integration has created Asia’s largest Web3 ecosystem, seamlessly integrated with the Kakaotalk and LINE messenger apps, which collectively boast over 250 million users. Kaia allows users to engage with Web3 technologies with the ease and speed of Web2, all within their preferred messenger superapps. This integration enables users to connect, create, collaborate, and contribute to the ecosystem, bridging the gap between traditional and decentralized digital experiences.

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

• Biconomy and Ponke: These cryptocurrencies have grown remarkably over the past 24 hours.
• TerraClassicUSD has risen by 10.46% since midnight.

Overview: The crypto market has generally consolidated within a tight range over the past 24 hours, facing persistent selling pressure. Attempts to hold levels above recent highs have not succeeded, suggesting a cautious or bearish sentiment. If this trend persists, we may see further testing of lower support levels in the short term.

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 losses ranging from -0.04% to -1.43% 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 0.46% over the previous 24 hours.
4. Bitcoin and Ether: Bitcoin has slightly increased by 0.37%; in contrast, Ether has retraced by 0.78%, signaling somewhat more weakness than Bitcoin over the last 24 hours.

TerraClassicUSD (USTC)

Terra is an open-source blockchain hosting a vibrant ecosystem of decentralized applications (dApps) and top-tier developer tools. Using proof-of-stake consensus and ground-breaking technologies like Mantlemint, Terrain, and Terra Station, the Terra blockchain is one of the fastest chains in existence, giving users an unparalleled DeFi experience. As a permissionless, borderless economy, Terra enables next-generation financial products to be accessible to anyone with an Internet connection.