Movers of the Day 17-Jan-2025

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

Top movers of the day are Onyxcoin and Abracadabra.Money. Since 7 pm Onyxcoin has soared 43.66%, Abracadabra.Money is 37.98% higher. SPX6900 has increased by 7.16%.

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 +3.85% to +7.13%. 2100NEWS Total Index (NWST1100) ended +5.01%. Bitcoin ended +4.83%, Ether ended +5.52%.

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.

Abracadabra.Money (SPELL)

Abracadabra.money is a lending platform that uses interest-bearing tokens (ibTKNs) as collateral to borrow a USD-pegged stablecoin that can be used as any other traditional stablecoin.

7:10 p.m. update: Top movers of the day are Onyxcoin and SPX6900 which has surged 15.62% since 2 pm. Onyxcoin is 10.04% higher.

In the afternoon the crypto markets were still up. In the last 24 hours the tokens built on Ethereum measured by 2100NEWS Ethereum Based Index (NWSET100) have increased by 3.29%. 2100NEWS Total Index (NWST1100) is 2.96% higher. Bitcoin has increased by 4.3%, Ether by 2.13%.

SPX6900 (SPX)

SPX6900 is a meme-based cryptocurrency driven by the viral nature of internet culture and its community. It aims to reach a $69 trillion market cap, surpassing traditional financial benchmarks like the S&P 500. Unlike conventional financial assets, SPX6900’s growth is based on collective belief in the superiority of larger numbers, rather than economic indicators or corporate earnings. The token leverages the power of memes, community enthusiasm, and the narrative that “bigger is better” in the digital age of finance. As it moves toward this audacious goal, SPX6900 represents a shift in how value is perceived, showing that community-driven digital tokens can redefine financial landscapes in today’s meme economy.

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

• Onyxcoin and Morpho: These cryptocurrencies have grown remarkably over the past 24 hours, Onyxcoin soaring 42.76% since the morning update.

Overview: Over the last 24 hours, the crypto market displayed a strong upward trend. After experiencing a spike down yesterday, the market exhibited resilience, recovering swiftly and maintaining its bullish trajectory. Volatility during the mid-session did not deter momentum, culminating in a late-session rally that pushed the market to new highs. This movement has reflected increasing market confidence and hints at the potential for sustained bullish sentiment.

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 gains ranging from 3.22% to 4.80% 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 surged by 2.70% over the last 24 hours. Bitcoin and Ether: Over the previous 24 hours, Bitcoin has soared 3.47%, while Ether has shown a less significant 1.60% rise.

Onyxcoin (XCN)

Onyx Protocol is an algorithmic money market designed to provide secure and trustless credit and lending to users on the Ethereum Network. It enables investors to lend and/or borrow cryptocurrencies by pledging an over-collateralized amount of cryptocurrency to the platform. Onyx does this by utilizing money markets, which are pools of assets with algorithmically derived interest rates based on the supply and demand of each asset.

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

• Onyxcoin and Morpho: These cryptocurrencies have grown remarkably over the past 24 hours, with Morpho soaring 31.91% since midnight.

Overview: The crypto market has illustrated upward movement. The pattern reflected an optimistic outlook as buyers stepped in during the lows, leading to a strong recovery and upward momentum.

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 1.97% to 3.41% 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 surged by 2.23% in the previous 24 hours.
4. Bitcoin and Ether: Over the previous 24 hours, Bitcoin has surged by 1.78%; in contrast, Ether has experienced a slight decline of 0.26%, showing relative underperformance compared to Bitcoin.