Movers of the Day 1-Nov-2024

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

Top Movers of the Day:

• Virtuals Protocol and SuperRare: These cryptocurrencies have grown remarkably over the past day, with SuperRare rising by 16.87% since 7 p.m.

Overview: The crypto market has reflected a day of high volatility, marked by a sudden mid-afternoon spike followed by a rapid decline. This pattern suggests that the market remains uncertain, as investors react quickly to shifts, testing both support and resistance levels within a short time frame.

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 -0.44% to -1.62% 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 fallen by 1.20% over the last 24 hours. Bitcoin and Ether: Bitcoin has retraced by 1.42%, while Ether, while Ether has shown a slight decrease of 0.23% 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.

 

SuperRare (RARE)

2100NEWS ranking: 302, Mid-cap Ethereum-based Token, Index member: NWST1100, NWSM200

2100NEWS DA Orderbook Quality Evaluation Grade: Poor, Score: 11.1, (Average for Mid-caps: 13.2)

SuperRare 2.0 introduces web-scale curation, independently running storefronts on the platform, and sovereign minting contracts for the artists to mint, promote and sell their works directly to collectors. By embarking on this path of progressive decentralization, SuperRare shifted ownership and governance of the network to the community. SuperRare 2.0 is a decentralized DAO organization that oversees key platform parameters, allocates funds from the Community Treasury, and votes on proposed improvements to the network and protocol.

 

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

• Gigachad and Virtuals Protocol: These cryptocurrencies have grown remarkably over the past 24 hours.
• PepeCoin has increased by 9.67% since 2 p.m.

Overview: The crypto market’s movements indicate a volatile day with a sharp mid-day spike, followed by a swift retracement. This pattern highlights an uncertain market environment as investors test various support and resistance levels in response to shifting sentiment.

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. 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 1.10% over the last 24 hours.
3. Bitcoin and Ether: Bitcoin has retraced by 1.31%, while Ether has shown a more moderate decline of 0.92% over the previous 24 hours.

 

PepeCoin (PEPECOIN)

2100NEWS ranking: 452, Small cap Ethereum-based Token, Index member: NWST1100, NWSS300

2100NEWS DA Orderbook Quality Evaluation Grade: Extremely Weak, Score: 3.1 (Average for Small caps: 10.6)

PepeCoin, introduced in 2016 by pioneering developers, represents a multifaceted ecosystem combining decentralized finance (DeFi), gaming, and NFTs within a unique, OS-style app framework. Targeting enthusiasts of internet culture and digital assets, PepeCoin combines entertainment with practical blockchain applications. Its ecosystem enables users to engage in various DeFi activities, participate in games, and explore NFT-based experiences, all underpinned by meme culture and contemporary digital trends. By blending humor with functionality, PepeCoin caters to a niche audience seeking both financial tools and interactive digital experiences within a cohesive platform. This innovative approach has sustained its appeal and positions it as a notable project in the blockchain space.

 

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

• Gigachad and Virtuals Protocol: These cryptocurrencies have grown remarkably over the past 24 hours, with Virtuals Protocol rising by 15.02% since the morning update.

Overview: The crypto market has been marked by initial selling pressure, followed by a period of consolidation and a modest recovery attempt. This pattern suggests that the market might find support levels, creating the potential for further stabilization if buying interest persists.  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 0.02% to 0.80% 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 2.67% over the last 24 hours. Bitcoin and Ether: Bitcoin has retraced by 2.52%, while Ether has experienced a more pronounced decline, falling by 3.89% in the previous 24 hours.

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 two p.m. Therefore, it may not accurately represent the current market conditions at the time of your inquiry.

 

Virtuals Protocol (VIRTUAL)

2100NEWS ranking: 324, Small cap Ethereum-based Token, Index member: NWST1100, NWSS300

2100NEWS DA Orderbook Quality Evaluation Grade: Good, Score: 13.3, (Average for Small caps: 10.6)

Virtuals Protocol (VIRTUAL) is an AI x Metaverse cryptocurrency protocol that aims to transform digital interactions by integrating artificial intelligence within immersive virtual environments. Serving as a foundational layer for co-owned, human-curated, plug-and-play gaming AIs, Virtuals Protocol leverages blockchain technology, virtual machines, and virtual networking to create secure, transparent, and scalable virtual worlds. Built on the IEEE Distributed Interactive Simulation Protocol, it enables developing and monetizing customizable AI personas within the Metaverse, offering new revenue streams for developers and contributors. Trading on major exchanges such as Bitget, BiKing, Hibt, BitMart, and BingX, Virtuals Protocol has gained traction within the crypto community. Its applications extend beyond trading, including extensive data analysis, generative AI, and interactive metaverse experiences. The protocol’s co-ownership model fosters community involvement, allowing users to co-own assets, incentivizing active participation, and ensuring equitable benefit distribution. Despite challenges like cost and security risks, Virtuals Protocol’s AI-driven focus and innovative approach position it as a key player in the future of virtual interactions, promising enhanced user experiences and a versatile platform for digital engagement.

 

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

• Gigachad and Klaytn: These cryptocurrencies have grown remarkably over the past 24 hours.
• Prom has risen by 8.90% since midnight.

Overview: The crypto market has reflected the broader cautious sentiment in the crypto market, with limited buying interest. The market seems to be testing lower support levels.

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 -1.06% to -2.55% 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 plummeted by 4.56% over the previous 24 hours.
4. Bitcoin and Ether: Bitcoin has plummeted by 4.35%, while Ether has declined sharply, plummeting by 5.34%, indicating stronger bearish sentiment for Ether than Bitcoin over the last 24 hours.

 

Prom (PROM)

2100NEWS ranking: 280, Mid-cap Ethereum-based Token, Index member: NWST1100, NWSM200

2100NEWS DA Orderbook Quality Evaluation Grade: Ordinary, Score: 13 (Average for Mid-caps: 13.2)

Prometeus Network is a secure and decentralized ecosystem designed to solve real-world data brokerage problems created for the Influencer Marketing, Medical, and Insurance data market industries. Prometheus Labs,  a data scientist and entrepreneur company, develops the Prometeus Network. Existing data scientists and entrepreneurs have worked for more than 15 years on machine learning, business development, and marketing.

 

Gigachad (GIGA)

2100NEWS ranking: 677, Microcap Non-Ethereum-based Token, Index member: NWST1100, NWSMi500

2100NEWS DA Orderbook Quality Evaluation Grade: Ordinary, Score: 8.1, (Average for Microcap: 7.2)

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.