Movers of the Day 4-Dec-2024

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

Top Movers of the Day:

• Compound and Braintrust: These cryptocurrencies have grown remarkably over the past day, with Braintrust surging by 20.48% since 7 p.m.

Overview: The crypto market displayed dynamic performance, with initial growth, followed by consolidation, a sharp decline, and a strong recovery, with Ether playing a pivotal role as a key driver of market momentum. This pattern reflects active market participation and healthy market dynamics, with buyers stepping in after a pullback. The ability to recover and stabilize near the highs indicates underlying strength.

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 gains ranging from 0.78% to 2.53% since 7 p.m., showcasing broad-based participation. 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 soared 5.04% over the last 24 hours. Bitcoin and Ether: Bitcoin has surged by 2.43%, while Ether has leaped by 6.14%, significantly outpacing Bitcoin and reinforcing its role as the market’s key growth engine 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.

 

Braintrust (BTRST)

2100NEWS ranking: 570, Small cap Ethereum-based Token, Index member: NWST1100, NWSS300

2100NEWS DA Orderbook Quality Evaluation Grade: Good, Score: 15.7 (Average for Small caps: 10.4)

Braintrust is the first decentralized talent network that connects highly skilled technical freelancers with the world’s most reputable brands like Nestle, Porsche, Atlassian, Goldman Sachs, and Nike. Braintrust’s unique business model allows talent to retain 100% of their earnings and enables organizations to spin up flexible, skilled teams on-demand at a fraction of the cost of traditional staffing firms. A blockchain token uniquely enables this new business model that limits fee extraction and enables community ownership.

7:10 p.m. update: The day’s Top movers are Braintrust and Compound. Since 2 p.m., Braintrust has increased by 14.59%, Compound by 8.59%.

In the afternoon, the crypto markets took a break for a while. Nevertheless, they are still much higher than a week ago. Over the last week, they have increased up to 22.98%. In the previous 24 hours, 2100NEWS Indices have increased up to 7.60%. At the same time, Ether has increased by 6.77%, while Bitcoin has consolidated at this level. On the other hand, the 2100NEWS Total Index (NWST1100) increased by 2.18%.

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

• TRON and Amp: These cryptocurrencies have grown remarkably over the past 24 hours.
• The Sandbox has surged by 19.95% since the morning update.

Overview: The crypto market exhibited a resilient recovery from early losses, transitioning into a strong upward trend and stabilizing near its highs. This performance reflects renewed confidence, with sustained buying pressure supporting growth across various assets. 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 0.48% to 4.81% 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 leaped by 4.96% over the last 24 hours. Bitcoin and Ether: Bitcoin has recovered 1.20%, while Ether has outpaced Bitcoin with a 3.13% surge in the previous 24 hours.

The Sandbox (SAND)

The Sandbox is a virtual world built on the Ethereum blockchain where players can build, own, and monetize their gaming experiences.

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

• TRON and Amp: These cryptocurrencies have grown remarkably over the past 24 hours, with Amp soaring 38.33% since midnight.

Overview: Over the last 24 hours, the crypto market showed a resilient performance, recovering from early losses and ending on a strong upward trend. High-performing altcoins add excitement to the broader crypto ecosystem. The sharp recovery and sustained growth suggest renewed confidence in the market, with the potential for further gains if buying pressure persists.

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 0.95% to 3.37% since midnight, suggesting continued participation across all segments.
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 soared 3.43% over the previous 24 hours.
4. Bitcoin and Ether: Bitcoin has risen by 1.13%, while Ether has outpaced Bitcoin with a 2.83% surge over the previous 24 hours.

Amp (AMP)

Amp is the new digital collateral token offering instant, verifiable assurances for any kind of value transfer. Using Amp, networks like Flexa can quickly and irreversibly secure transactions for various asset-related use cases. Amp claims to offer a straightforward but versatile interface for verifiable collateralization through a system of collateral partitions and collateral managers. Where collateral partitions can be designated to collateralize any account, application, or even transaction and carry balances directly verifiable on the Ethereum blockchain, collateral managers are smart contracts that can lock, release, and redirect collateral in these partitions as needed to support value transfer activities. Amp supports a wide variety of use cases for collateralization and also introduces the concept of predefined partition strategies, which can enable special capabilities such as collateral models through which tokens can be staked without ever leaving their original address.