Movers of the Day 6-Dec-2024

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

Top movers of the day are XDC Network and PAAL AI. Since 7 pm XDC Network has increased by 5.54%, PAAL AI by 1.92%. dYdX (Native) is 0.51% 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 +3.88% to 5.41%. 2100NEWS Total Index (NWST1100) ended +4.38%. Bitcoin ended at $100,651,05 (+4.10%), Ether ended +5.70%.

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.

XDC Network (XDC)

XinFin is an enterprise-ready hybrid BlXinFin technology company optimized for international trade and finance. The XinFin network is powered by the native coin called XDC. The XDC protocol is architected to support smart contracts, 2000TPS, 2 seconds transaction time, and KYC to Masternodes (Validator Nodes). The XDC Chain (XinFin Digital Contract) uses XinFin Delegated Proof of Stake (XDPoS), intending to create a ‘highly-scalable, secure, permission, and commercial-grade blockchain network. XinFin mainnet token XDC also creates an opportunity to utilize XinFin’s real-world use cases, such as TradeFinex.org, which helps small and medium businesses or institutions originate their own financial requirements in a digital, fully structured manner so that they can distribute them to the bank or non-bank funders themselves using a common distribution standard.

7:10 p.m. update: Top movers of the day are EigenLayer and yearn.finance. Since 2 pm EigenLayer has surged 22.79%, yearn.finance is 21.33% higher. XDC Network has increased by 11.95%.

In the afternoon the crypto markets were going up. Since 2 pm 2100NEWS Indices have increased up to 4.70%. 2100NEWS Total Index (NWST1100) is 3.98% higher. Bitcoin has increased by 3.41%, Ether by 4.80%.

EigenLayer (EIGEN)

EigenLayer is a protocol built on Ethereum that introduces restaking, a new primitive in cryptoeconomic security. This primitive enables the reuse of ETH on the consensus layer. Users that stake ETH natively or with a liquid staking token (LST) can opt-in to EigenLayer smart contracts to restake their ETH or LST and extend cryptoeconomic security to additional applications on the network to earn additional rewards.

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

• ECOMI and PlatON Network: These cryptocurrencies have grown remarkably over the past 24 hours.
• Radix has risen by 9.48% since the morning update.

Overview: The crypto market exhibited a bearish trend over the past 24 hours, marked by evening sell-offs, reflecting heightened selling pressure or profit-taking after recent highs; weak recovery attempts, with buyers unable to sustain momentum above key levels and a general downward drift, indicating cautious sentiment and reduced market confidence.

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. 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 by 4.19% over the last 24 hours, highlighting significant market-wide corrections. Bitcoin and Ether: Bitcoin has plummeted 5.01%, reflecting intense selling pressure following its historic achievement of breaking $100,000, while Ether has retraced by 2.22% in the previous 24 hours.

Radix (XRD)

Radix can refer to a few different things, depending on context: (1) Radix as software: Radix can refer to the Radix Node software, Radix Desktop Wallet, and Radix Explorer; (2) Radix as a protocol: Radix can refer to the Radix Protocol, which is the set of rules that governs validator nodes running Radix Node software. The Radix Protocol comprises the Radix Engine’s application layer and Cerberus’s consensus layer. It is the first layer one protocol specifically built to serve DeFi; (3) Radix as a network: The Radix Protocol running on validator nodes forms the basis of the Radix Public Network – a fully decentralized platform for DeFi dApps and users; (4) Radix as a ledger: The decentralized Radix Public Network maintains the public, immutable and permissionless Radix Ledger; (5) Radix as a project: Radix can refer to the decentralized project being undertaken by the Radix Community, core developer RDX Works, Radix Foundation, and Radix Tokens (Jersey); (6) Radix as an ecosystem: All of the above, including a decentralized community of users, developers, node-runners, and XRD token holders; dApps, partners, and ancillary services, forms the totality of the Radix ecosystem.

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

• Mog Coin and ECOMI: These cryptocurrencies have grown remarkably over the past 24 hours.
• 0x Protocol has soared 28.78% since midnight.

Overview: Over the last 24 hours, the crypto market has reflected a volatile environment characterized by evening spike sell-off, likely driven by profit-taking and recovery attempts, showing resilience and buyer activity at lower levels. While Bitcoin’s pullback highlights short-term profit-taking, Ether’s strength and gains in specific altcoins suggest that diverse opportunities remain in the market.

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 1.46% to 3.51% 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 retraced by 1.70% over the previous 24 hours.
4. Bitcoin and Ether: Bitcoin has plummeted 4.20%, reflecting profit-taking activity after breaking the historic $100,000 milestone; in contrast, Ether has risen by 0.86% over the previous 24 hours.

0x Protocol (ZRX)

0x is a protocol that facilitates the peer-to-peer exchange of Ethereum-based assets. The protocol serves as an open standard and common building block for any developer needing exchange functionality. 0x provides secure smart contracts that are externally audited, developer tools tailored to the 0x ecosystem, and open access to a pool of shared liquidity. Developers can integrate with 0x at the smart contract or application layer.