Movers of the Day 26-Nov-2024

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

Top movers of the day are Virtuals Protocol and LCX which has surged 16.61% since 7 pm. Virtuals Protocol has increased by 1.29%.

The crypto markets finished the day in red as illustrated by an adjacent chart showing the movement of the NWSBCT Index (Blue Chips) over the past 24 hours. The tokens built on Ethereum tracked by 2100NEWS Ethereum Based Index (NWSET100) ended -2.31%. 2100NEWS Total Index (NWST1100) ended -2.20%. Bitcoin ended -2.30%, Ether ended -3.21%.

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.

LCX (LCX)

LCX, the Liechtenstein Cryptoassets Exchange, aims to become one of the world’s first licensed and supervised security token exchanges. The initial product is LCX Terminal, a crypto trading desk to trade on significant crypto exchanges within a single interface. In November 2018, LCX claimed to have been granted a Business License from the Liechtenstein Ministry of Economic Affairs. LCX AG was founded in April 2018 and is headquartered in the Principality of Liechtenstein.

7:10 p.m. update: Top movers of the day are Virtuals Protocol and Grass. Since 2 pm Virtuals Protocol has increased by 11.73%, Grass is 14.20% higher.

In the afternoon the crypto markets stopped falling. Nevertheless they are still quite low. In the last 24 hours the large caps represented by 2100NEWS 100 Large Cap Index (NWSL100) have fallen by 3.60%. 2100NEWS Total Index (NWST1100) is 2.49% lower. Bitcoin has fallen by 1.65%, Ether by 3.64%.

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 2 p.m. update):

• aelf and Secret Network: These cryptocurrencies have grown remarkably over the past 24 hours, with Secret Network soaring 38.03% since the morning update.

Overview: The crypto market exhibited a clear downward trend, punctuated by short-lived attempts at stabilization and recovery. The overall movement reflects a bearish sentiment dominating the market, likely driven by profit-taking after previous gains. The close near its daily low highlights persistent selling pressure and investor caution. 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 retracements ranging from 2.48% to 5.39% since midnight. 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 plummeted 7.10% over the last 24 hours. Bitcoin and Ether: Bitcoin has plummeted 6.07% and Ether 5.12% over the previous 24 hours.

Velo (VELO)

Velo is a blockchain-based financial protocol enabling digital credit issuance and borderless asset transfer for businesses using a smart contract system. VELO tokens are utility tokens designed to ensure the settlement of digital credits issued in the ecosystem by being used as smart contract-locked collateral for value transfers. Value for VELO token holders will increase as demand for digital credits grows and transfer volumes increase with the addition of more business partners and end-users. Velo’s core mission is to build a decentralized settlement network that allows its Trusted Partners to securely transfer value among one another promptly and transparently. Velo’s initial focus would be on business partners in the remittance and money transfer spaces in Southeast Asia, followed by the wider Asia Pacific region and beyond.

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

• Powerledger and Qubic: These cryptocurrencies have grown remarkably over the past 24 hours, with Powerledger soaring 32.58% since midnight.

Overview: The crypto market has plummeted and experienced consistent bearish pressure over the last 24 hours, with limited attempts at recovery. The closing value near its 24-hour low indicates that the market remains cautious or bearish.

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 plummeted 3.85% over the previous 24 hours.
3. Bitcoin and Ether: Bitcoin plummeted 4.29%, while Ether slightly decreased by 0.20% over the previous 24 hours.

Powerledger (POWR)

Power Ledger, based in Australia, encourages us to imagine a world where electricity is dependable, affordable, and clean for everyone. Powered by contracts on the Ethereum network, the peer-to-peer energy exchange platform, their most mature platform, aims to democratize energy trading with transparent systems that allow individuals and communities to select their power source. POWR is the utility token that users would escrow to use the platform in their dual token model, while Sparkz represents electricity credits tied to local fiat for marketplace participants. Both are used to create part of an economy where households that generate electricity can trade with their neighbors for a fair return.