Movers of the Day 27-Dec-2024

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

Top movers of the day are Phala Network and Marlin which has surged 25.74% since 7 pm. Phala Network has increased by 12.92%.

Most cryptocurrencies 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 large caps represented by 2100NEWS 100 Large Cap Index (NWSL100) ended -0.62%. 2100NEWS Total Index (NWST1100) ended -0.95%. Bitcoin ended -1.44%, Ether ended -0.50%.

Supplemental notes detail the criteria for highlighting these specific cryptocurrencies and indices. The provided data offers a snapshot of the last 24 hours until 7:10 p.m. Therefore, it may not accurately represent the current market conditions at the time of your inquiry.

Marlin (POND)

Marlin is an open protocol that provides high-performance programmable DeFi and Web 3.0 network infrastructure. The nodes in the Marlin network, called Metanodes, operate the MarlinVM, which provides a virtual router interface for developers to deploy customized overlays and perform edge computations.

7:10 p.m. update: Top movers of the day are Phala Network and Acala Network. Since 2 pm Phala Network has surged 18.10%, Acala Network is 15.03% higher.

In the afternoon the crypto markets went down significantly. Since 2 pm the tokens built on Ethereum represented by 2100NEWS Ethereum Based Index (NWSET100) have fallen by 2.08%. 2100NEWS Total Index (NWST1100) is 2.26% lower. Bitcoin has fallen by 2.57%, Ether by 1.95%.

Acala Token (ACA)

Acala is a specialized stablecoin and liquidity blockchain that is decentralized, cross-chain by design, and future-proof with forkless upgradability. Acala stablecoin protocol uses a multi-collateral-backing mechanism to create a stablecoin soft-pegged to the US Dollar. The Acala stablecoin protocol is essentially a decentralized monetary reserve that creates a stable currency from a basket of reserve assets, where holders of the reserve assets can spend, trade, and access other services without price volatility while retaining their exposure to (without selling) the reserve assets.

2:10 p.m. update: Top movers of the day are STEPN and Phala Network which has surged 41.47% since 9 am. STEPN is 18.46% higher. Stratis [New] has increased by 6.51%.

The crypto markets are higher. In the last 24 hours the large caps measured by 2100NEWS 100 Large Cap Index (NWSL100) have increased by 2.43%. Moreover, the mid caps tracked by 2100NEWS 200 Mid Cap Index (NWSM200) have increased by 2.98%. 2100NEWS Total Index (NWST1100) is 1.66% higher. bitcoin has increased by 1.09%, Ether by 1.53%.

Phala Network (PHA)

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 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 9 a.m. update):

• Stratis [New] and THENA: These cryptocurrencies have grown remarkably over the past 24 hours, with Stratis [New] rising by 17.34% since midnight.

Overview: The crypto market has remained under pressure, characterized by persistent volatility and a lack of sustained recovery. The market’s inability to hold onto gains indicates a bearish outlook, with participants remaining cautious amid broader market uncertainty.

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 dropped by 2.93% in the previous 24 hours.
3. Bitcoin and Ether: Over the previous 24 hours, Bitcoin has dropped by 2.98% and Ether by 2.89%.

Stratis (STRAX)

2100NEWS ranking: 323, Small cap, Index member: NWST1100, NWSS300, NWSCo100

2100NEWS DA Orderbook Quality Evaluation Grade: Poor, Score: 14 (Average for Coins: 14.9)

Stratis is a cryptocurrency used on a platform that provides flexible and affordable end-to-end solutions. These solutions can be applied to the experiment, construction, and deployment of C# blockchain applications based on the .net framework. They are also attached to users’ needs at a quite competitive price.