Movers of the Day 5-Nov-2024

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

Top movers of the day are SuperRare and Goatseus Maximus which has increased by 2.24% since 7 pm. SuperRare is 0.23% 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. 2100NEWS Indices ended from +1.95% to 5.97%. 2100NEWS Total Index (NWST1100) ended +2.54%. Bitcoin ended +2.21%, Ether ended +0.91%.

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.

7:10 p.m. update: Top movers of the day are SuperRare and Ark. Since 2 pm SuperRare has surged 19.76%, Ark is 14.20% higher. Virtuals Protocol has increased by 2.73%.

In the afternoon the crypto markets went up. Since 2 pm 2100NEWS Indices have increased up to 2.91%. 2100NEWS Total Index (NWST1100) is 1.64% higher. Bitcoin has increased by 1.70%, Ether by 0.42%.

SuperRare (RARE)

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 2 p.m. update):

• Ape Coin and Mog Coin: These cryptocurrencies have grown remarkably over the past 24 hours, with Ape Coin increasing by 7.50% since the morning update.

Overview: The crypto market has been marked by initial selling pressure, followed by a steady recovery. The pattern suggests that the market has found support while volatility remains, allowing for an upward trend.  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 1.29% to 4.38% 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 slightly decreased by 0.23% over the last 24 hours. Bitcoin and Ether: Bitcoin has negligibly decreased by 0.12%, while Ether has experienced a more pronounced decline, falling by 1.22% in the previous 24 hours.

ApeCoin (APE)

The APE Foundation is the steward of ApeCoin. It is not an overseer but the base layer on which ApeCoin holders in the ApeCoin DAO can build. The Foundation facilitates decentralized and community-led governance and is designed to become more decentralized over time. It is tasked with administering the decisions of the ApeCoin DAO. It is responsible for day-to-day administration, bookkeeping, project management, and other tasks that ensure the DAO community’s ideas have the support they need to become a reality. The goal of the APE Foundation is to steward the growth and development of the APE ecosystem fairly and inclusively. It utilizes the Ecosystem Fund, controlled by a multi-sig wallet, to pay its expenses as directed by the ApeCoin DAO. It also provides an infrastructure for ApeCoin holders to collaborate through open and permissionless governance processes.

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

• Nosana and Mask Network: These cryptocurrencies have grown remarkably over the past 24 hours, with Mask Network rising by 9.88% since midnight.

Overview: Over the past 24 hours, the crypto market saw a sharp decline followed by a gradual recovery. This pattern suggests that while selling pressure was sometimes evident, the market found support, leading to stabilization as buying interest returned.

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 1.27% to 3.29% 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 increased by 0.28% over the previous 24 hours.
4. Bitcoin and Ether: Bitcoin has slightly increased by 0.35%; in contrast, Ether has fallen by 0.70% over the last 24 hours.

Mask Network (MASK)

Mask Network is a protocol that allows users to send encrypted messages over Twitter and Facebook. It essentially acts as a bridge between the internet and a decentralized network running on top.