Movers of the Day 23-Dec-2024

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

Top movers of the day are Hivemapper and Virtuals Protocol which has increased by 11.36%. since 7 pm. Hivemapper is 1.80% higher.

Most cryptocurrencies finished the day higher as illustrated by an adjacent chart showing the movement of the NWSBCT Index (Blue Chips) over the past 24 hours. The large caps measured by 2100NEWS 100 Large Cap Index (NWSL100) ended +6.13%. 2100NEWS Total Index (NWST1100) ended +2.66%. Ether ended +5.28% while Bitcoin ended -0.55%.

Supplemental notes detail the criteria for highlighting these specific cryptocurrencies and indices. 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.

Virtuals Protocol (VIRTUAL)

Virtuals Protocol (VIRTUAL) is an AI x Metaverse cryptocurrency protocol that aims to transform digital interactions by integrating artificial intelligence within immersive virtual environments. Serving as a foundational layer for co-owned, human-curated, plug-and-play gaming AIs, Virtuals Protocol leverages blockchain technology, virtual machines, and virtual networking to create secure, transparent, and scalable virtual worlds. Built on the IEEE Distributed Interactive Simulation Protocol, it enables developing and monetizing customizable AI personas within the Metaverse, offering new revenue streams for developers and contributors. Trading on major exchanges such as Bitget, BiKing, Hibt, BitMart, and BingX, Virtuals Protocol has gained traction within the crypto community. Its applications extend beyond trading, including extensive data analysis, generative AI, and interactive metaverse experiences. The protocol’s co-ownership model fosters community involvement, allowing users to co-own assets, incentivizing active participation, and ensuring equitable benefit distribution. Despite challenges like cost and security risks, Virtuals Protocol’s AI-driven focus and innovative approach position it as a key player in the future of virtual interactions, promising enhanced user experiences and a versatile platform for digital engagement.

7:10 p.m. update: Top movers of the day are Hivemapper and DeXe. Since 2 pm Hivemapper has surged 21.89%, DeXe is 13.62% higher.

In the afternoon the crypto markets were still under the big volatility. Nevertheless, according to the yesterday’s closings most cryptocurrencies are still higher. In that time the tokens built on Ethereum represented by 2100NEWS Ethereum Based Index (NWSET100) have increased by 2.10%. Ether is 1.79% higher. On the other hand Bitcoin has fallen by 2.03%. 2100NEWS Total Index (NWST1100) is 0.25% lower.

Hivemapper (HONEY)

The Hivemapper Network, launched in November 2022, is an open, global, and decentralized mapping network that uses AI to build a map from the driving we do every day. Thanks to its vibrant contributor community, the Hivemapper Network collects millions of kilometers of road-level imagery every week.

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

• Frax Share and Hivemapper: These cryptocurrencies have grown remarkably over the past 24 hours.
• Steem has soared 30.79% since the morning update.

Overview: Over the last 24 hours, the crypto market has faced a period of extreme volatility and significant downside pressure. The sharp decline retested key support levels, rebound followed, but the recovery remains fragile and tentative.

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 recoveries ranging from 1.19% to 2.76% since midnight, indicating widespread market weakness. 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 decreased by 0.43% over the last 24 hours, Bitcoin and Ether: Over the previous 24 hours, Bitcoin has fallen by 0.91% and Ether by 1.03%.

 

Steem (STEEM)

2100NEWS ranking: 352, Small cap, Index member: NWST1100, NWSS300, NWSCo100

2100NEWS DA Orderbook Quality Evaluation Grade: Poor, Score: 10.5 (Average for Coins: 14.9)

Steem bills itself as a social blockchain that grows communities and makes revenue streams possible for users by rewarding them for sharing content. It also powers real applications via social apps like Steemit. Steem started as the cryptocurrency on the Steemit platform that rewards users for community building through upvoting and posting meaningful content. Founded in 2016 by Ned Scott and BitShares creator Dan Larimer, the Steemit platform, built atop the Steem blockchain, is a social media network that seeks to be a source of community-driven curated content such as news, Q&A, and job boards. The more value a particular piece of content can deliver across a significant number of people, the greater the reward the creator receives. Steemit users can cast votes to create a hierarchy of content. The higher the upvote count received on a content piece, the more Steem is earned by its publisher. Steemit’s meritocratic system also enables users who hold more currency to cast more meaningful, more significant influence votes.

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

• Frax Share and Verge: These cryptocurrencies have grown remarkably over the past 24 hours, with Frax Share surging by 26.89% since midnight.

Overview: The crypto market has trended sideways, with continued volatility and uncertainty, suggesting that the market has remained in a fragile state.

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 0.20% to 1.45% 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 decreased by 0.50% in the previous 24 hours.
4. Bitcoin and Ether: Over the previous 24 hours, Bitcoin has fallen by 0.81% and Ether by 0.88%.

Frax Share (FXS)

The Frax Protocol is the first fractional-algorithmic stablecoin system. Frax is open-source, permissionless, and entirely on-chain, and it is currently implemented on Ethereum (with possible cross-chain implementations in the future). The end goal of the Frax protocol is to provide highly scalable, decentralized, algorithmic money in place of fixed-supply digital assets like BTC. The protocol incorporates the following concepts: Fractional-Algorithmic – Frax is a unique stablecoin with parts of its supply backed by collateral and parts of the supply algorithmic. The ratio of collateralized and algorithmic depends on the market’s pricing of the FRAX stablecoin. If FRAX trades above $1, the protocol decreases the collateral ratio. If FRAX trades under $1, the protocol increases the collateral ratio. Frax Shares is the governance token that accrues fees, seigniorage revenue, and excess collateral value.