Movers of the Day 3-Nov-2024

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

Top Movers of the Day:

• Baby Doge Coin and Goatseus Maximus: These cryptocurrencies have grown remarkably over the past day, with Goatseus Maximus rising by 16.07% since 9 a.m.

Overview: The crypto market faced consistent selling pressure throughout the day, with repeated recovery attempts meeting resistance. This pattern of dips followed by modest recoveries suggests that the market is actively testing support levels, reflecting a cautious outlook among investors.

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. 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 1.45% over the last 24 hours. Bitcoin and Ether: Bitcoin has fallen by 0.82%, while Ether has shown a more pronounced drop of 1.33% 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.

Goatseus Maximus (GOAT)

Goatseus Maximus is a meme-based cryptocurrency born from the influence of Truth Terminal, an AI created by Andy Ayrey as part of a memetic engineering experiment. With Truth Terminal promoting the GOAT token, the cryptocurrency quickly gained traction, symbolizing the evolving relationship between artificial intelligence, meme culture, and crypto. Touted as fulfilling the “prophecies of the ancient memeers,” Goatseus Maximus represents a unique blend of internet humor and financial speculation, highlighting the power of viral trends in shaping the cryptocurrency market.

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

• Moonbeam and Safe: These cryptocurrencies have grown remarkably over the past 24 hours.
• Immutable has increased by 6.56% since midnight.

Overview: Over the last 24 hours, the crypto market has experienced a sustained decline with a notable overnight dip. This pattern suggests ongoing selling pressure, with limited signs of recovery as the market searches for a potential support level amidst continued caution.

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 -1.58% to -2.34% 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 plunged by 2.60% over the previous 24 hours.
4. Bitcoin and Ether: Bitcoin has plunged by 2.00% and Ether by 2.29% over the last 24 hours.

Immutable X (IMX)

Immutable X is the first layer-2 scaling solution for NFTs on Ethereum, with instant trade confirmation, massive scalability (up to 9,000+ trades per second), and zero gas fees — without compromising user custody. The protocol is built on top of StarkWare’s proving technology, allowing users to retain access to Ethereum’s ecosystem and network effects.

Moonbeam (GLMR)

Moonbeam offers an Ethereum-like environment on top of Substrate (rather than a Geth-based solution). This lets developers redeploy their existing smart contracts easily, using the same tools and integrations they already use, and take advantage of the modern Substrate framework on which all Polkadot parachains are built. The Moonbeam network makes it possible for developers with Solidity or Vyper-based smart contracts to “go multi-chain” and extend their influence into the Polkadot ecosystem. Polkadot’s blockchain ensures seamless sharing of workloads on a new layer. Through Moonbeam, developers can port their existing Ethereum DApps to Polkadot or easily create new permissionless decentralized applications (dApps) using familiar Ethereum development tools. The tools on Moonbeam ensure minimal change when front-end dApps are moved between chains. By using Moonbeam, Ethereum developers (the largest market of existing blockchain developers) will be able to bypass the scalability challenges due to the expense and constraints of the Ethereum network.