Movers of the Day 24-Dec-2024
Tokens and coins that moved the most in the last 24 hours:
Top Movers of the Day:
- Fartcoin and Frax Share: These cryptocurrencies have grown remarkably over the past day, with Frax Share rising by 14.95% since 7 p.m.
Overview: The crypto market has consolidated its rebound, fueled by holiday optimism. The Christmas rally, characterized by renewed buying interest and positive momentum, has driven recoveries across most market segments.
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 bullish sentiment. 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 recovered by 3.24% over the last 24 hours. Bitcoin and Ether: Over the past day, Bitcoin has recovered by 4.24%, while Ether showed a less significant 1.25% rise.
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.
Frax Share (FXS)
| 2100NEWS ranking: 207, Mid-cap Ethereum-based Token, Index member: NWST1100, NWSM200, NWSET100 |
| 2100NEWS DA Orderbook Quality Evaluation Grade: Poor, Score: 14.2 (Average for Ethereum-based Tokens: 15.4) |
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.
Top Movers of the Day (at 7 p.m. update):
- Fartcoin and Phala Network: These cryptocurrencies have grown remarkably over the past 24 hours, with Phala Network surging by 21.41% since 2 p.m.
Overview: The crypto market has rebounded strongly, potentially driven by holiday optimism and increased buying activity. Major cryptocurrencies like Bitcoin and Ether have performed well, and market sentiment has turned notably bullish. The Christmas rally suggests potential for further gains, but market participants should remain cautious given the recent volatility and rapid shifts in sentiment.
- NWSBCT Index for Blue Chips: Focusing on the more established cryptocurrencies, colloquially known as the “Blue Chips.” The index has tracked the broader market’s uptrend, reflecting strong recoveries in this segment.
- The 2100NEWS Indices, which track the performance of various groups of tokens and coins, have reported recoveries ranging from 0.61% to 3.55% since midnight.
- 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 leaped 6.23% over the last 24 hours, reflecting sharp recoveries across the entire market.
- Bitcoin and Ether: Bitcoin has leaped 5.71% and Ether 5.06% in the previous 24 hours.
Phala Network (PHA)
| 2100NEWS ranking: 341, Small cap, Index member: NWST1100, NWSS300, NWSCo100 |
| 2100NEWS DA Orderbook Quality Evaluation Grade: Poor, Score: 13.7, (Average for Coins: 14.9) |
Phala Network is a privacy-preserving cloud computing service that offers computing power comparable to existing cloud services and protects the privacy of managed programs. Based on the TEE-Blockchain Hybrid Architecture, developers can deploy confidential smart contracts running inside the TEE Enclaves in the CPU. Phala is also based on Substrate and will run as a parachain of the Polkadot ecosystem.
Top Movers of the Day (at 2 p.m. update):
- Phala Network and Pudgy Penguins: These cryptocurrencies have grown remarkably over the past 24 hours.
- Qubic has surged by 20.48% since the morning update.
Overview: Over the last 24 hours, the crypto market experienced a positive shift in momentum, showing signs of recovery despite lingering volatility, transitioning into a bullish phase with renewed buying interest and recovery in specific segments.
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 losses ranging from -0.27% to -2.29% 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 slightly increased by 0.24% over the last 24 hours. Bitcoin and Ether: Over the previous 24 hours, Bitcoin has dropped by 2.09%, reflecting sustained selling pressure and underperformance compared to other assets; in contrast, Ether has recovered by 1.63%.
Qubic (QUBIC)
| 2100NEWS ranking: 215, Mid-cap Non-Ethereum-based Coin, Index member: NWST1100, NWSM200, NWSCo100 |
| 2100NEWS DA Orderbook Quality Evaluation Grade: Poor, Score: 9.2 (Average for Coins: 14.9) |
Qubic is a decentralized Layer 1 blockchain network that integrates scalable technology with Artificial General Intelligence (AGI) to overcome traditional blockchain limitations. Designed for high efficiency, Qubic offers feeless transactions, instant finality, and a novel Useful Proof of Work (uPoW) model that channels computational power toward AI training, promoting sustainability. The network supports real-time, cost-free transactions, making it ideal for finance, gaming, and supply chain management industries. Qubic’s Quorum Consensus, inspired by Byzantine Fault Tolerance and decentralized trust principles, ensures robust security and prevents centralized control. By enabling high-performance decentralized applications (dApps) and fostering innovative solutions, Qubic aims to redefine blockchain by combining decentralized trust, scalability, and AI-driven utility.
Top Movers of the Day (at 9 a.m. update):
- Phala Network and Horizen: These cryptocurrencies have grown remarkably over the past 24 hours, with Phala Network soaring 41.46% since midnight.
Overview: The crypto market has trended sideways, recovering after earlier losses. It shows signs of stabilization and the potential for upward movement if the positive momentum continues.
- 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.
- The 2100NEWS Indices, which track the performance of various groups of tokens and coins, have reported losses ranging from -0.28% to -1.78% since midnight.
- 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 recovered by 1.39% in the previous 24 hours.
- Bitcoin and Ether: Over the previous 24 hours, Bitcoin has fallen by 1.26%; in contrast, Ether has recovered by 3.07%.
Lily
Litecoin