Movers of the Day 8-Nov-2024

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

Top movers of the day are Drift Protocol and PepeCoin. Since 7 om Drift Protocol has surged 26.16%, PepeCoin has increased by 16.09%.

Most cryptocurrencies 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. The large caps represented by 2100NEWS 100 Large Cap Index (NWSL100) ended +1.95%. 2100NEWS Total Index (NWST1100) ended +1.38%. Bitcoin ended +0.81%, Ether ended +2.87%.

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.

Drift (DRIFT)

Drift is a decentralized exchange (DEX) built on the Solana blockchain, offering perpetual and spot trading markets. It enables users to trade pre-launch and launched tokens with up to 10x leverage. A key feature of Drift is its support for a diverse range of collateral options beyond stablecoins, providing traders with increased capital efficiency. Leveraging Solana’s high-speed and low-cost infrastructure, Drift delivers a seamless trading experience, making it a prominent platform for on-chain derivatives and token trading.

7:10 p.m. update: Top movers of the day are Drift Protocola and PepeCoin. Since 2 pm Drift Protocol has surged 26.32%, PepeCoin is 21.51% higher. CorgiAI has increased by 1.50%.

The crypto markets trended sideways. In the last 24 hours the tokens built on Ethereum measured by 2100NEWS Ethereum Based Index (NWSET100) have decreased by 0.76%. In the other hand Bitcoin and Ether are higher: BTC +0.08%, ETH +2.07%. 2100NEWS Total Index (NWST1100) has increased by 0.37%.

PepeCoin (PEPECOIN)

PepeCoin, created by pioneers and visionaries in 2016, introduces an entertaining OS-style app ecosystem that seamlessly integrates DeFi, games, unique NFT experiences, and cutting-edge memetics.

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

• Grass and PepeCoin: These cryptocurrencies have grown remarkably over the past 24 hours, with Grass rising by 14.59% since the morning update.

Overview: The crypto market has experienced a stable upward trend, with brief fluctuations likely due to profit-taking. The steady climb and resilience at higher levels indicate that the market remains optimistic, with robust buying interest supporting the gains. This trend suggests that investors are confident, and the market establishes a higher support range.  Index for Blue Chips: This index focuses on the more established cryptocurrencies, colloquially known as the “Blue Chips”. The index has mirrored the overall bullish trend, reflecting growth among high-market-cap assets. 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 surged by 2.46% over the last 24 hours. Bitcoin and Ether: Bitcoin has risen by 1.50%, while Ether has soared 4.30% in the previous 24 hours, demonstrating a strong rebound as it continues to recover from the declines of the past three months.

Grass (GRASS)

Grass is pioneering the development of the first open, internet-scale web crawl, leveraging a decentralized network of over 3 million users who operate nodes to collect vast amounts of data for AI models. This initiative challenges the current dominance of two major corporations that possess the exclusive capability to crawl the entire web—a foundation of their multi-trillion-dollar enterprises. By creating a user-owned knowledge graph encompassing the entire internet, Grass aims to democratize access to web data, fostering innovation and equitable opportunities in the digital landscape.

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

• Grass and Drift Protocol: These cryptocurrencies have grown remarkably over the past 24 hours, with Drift Protocol soaring 92.28% since midnight.

Overview: Over the past 24 hours, the crypto market has continued its positive trend with stable support at higher levels, suggesting it maintains optimism. While there have been fluctuations, likely due to some profit-taking, the quick recovery to higher levels signals strong buying interest and a generally bullish outlook.

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 surged by 2.27% over the previous 24 hours.
3. Bitcoin and Ether: Bitcoin has surged by 1.83%, while Ether has soared by 3.42% over the last 24 hours. It has continued its strong recovery, quickly making up for the disproportionate declines experienced over the past three months.

Drift (DRIFT)

Drift is a decentralized exchange (DEX) built on the Solana blockchain, offering perpetual and spot trading markets. It enables users to trade pre-launch and launched tokens with up to 10x leverage. A key feature of Drift is its support for a diverse range of collateral options beyond stablecoins, providing traders with increased capital efficiency. Leveraging Solana’s high-speed and low-cost infrastructure, Drift delivers a seamless trading experience, making it a prominent platform for on-chain derivatives and token trading.