Movers of the Day 12-Feb-2025

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

Top Movers of the Day:

• BinaryX and PancakeSwap: These cryptocurrencies have grown remarkably over the past day.
• Popcat has surged by 19.29% since 7 p.m.

Overview: Over the last day, the crypto market started with a sideways movement, followed by a strong rally in the late afternoon, driven by increased buying interest. The uptrend reflects renewed optimism.

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 sentiment. The 2100NEWS Indices, which track the performance of various groups of tokens and coins, have reported gains from 0.92% to 3.92% since 7 p.m. 2100NEWS Total Index (NWST1100): Representing a wide spectrum of the crypto market, this index tracks 1100 significant cryptocurrencies based on their market cap. It has recovered by 3.28% over the last day, reinforcing the market-wide bullish trend. Bitcoin and Ether: Over the past day, Bitcoin has recovered by 2.19%, while Ether has outpaced Bitcoin, leaping 6.00%.

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.

Popcat [SOL] (POPCAT)

Popcat is an Internet meme originating in October 2020 in a series of videos that showcase two images of a domestic short-haired cat.

7:10 p.m. update: The day’s top movers are BinaryX and PancakeSwap. Since 2 p.m., BinaryX has increased by 15.06%, and PancakeSwap is 14.12%.

In the afternoon, the crypto markets went up significantly. Since 2 p.m., 2100NEWS Indices, which measure the performance of different groups of tokens and coins, have increased up to 2.78%. 2100NEWS Total Index (NWST1100) is 1.40% higher. Bitcoin has increased by 1.24%, Ether by 1.45%.

PancakeSwap (CAKE)

Pancakeswap was originally built on the BNB Chain and allows users to trade tokens without using a centralized exchange. It provides an array of products, such as: (1) An exchange to swap tokens; (2) A yield farm to earn rewards; (3) Syrup pools to stake CAKE tokens; (4) Ethereum liquid staking (wBETH) and simple staking; (5) Pancake Protectors game; (6) v3 position manager (new feature); (7) A prediction market; (8) Initial Farm Offering (IFO) token launches; (9) A bridge to bridge CAKE to Ethereum and Aptos; (10) A lottery; (11) An NFT marketplace. Pancakeswap innovates quickly and ships new products regularly. In April 2023, PancakeSwap voted to transition to a deflationary token model called “Ultrasound CAKE.” The protocol passed a proposal called CAKE Tokenomics v2.5 to create a structure combining real yield (no supply impact) and reduced token emissions.

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

• BinaryX and Magic Ede: These cryptocurrencies have outperformed others with gains over the past 24 hours, with BinaryX surging by 22.94% since the morning update.

Overview: Over the last 24 hours, the cryptocurrency market plunged significantly yesterday afternoon, indicating intense selling pressure. The market experienced several attempts at recovery, but each rally was met with resistance, keeping prices suppressed.

NWSBCT Index for Blue Chips: This index focuses on the more established cryptocurrencies, colloquially known as the “Blue Chips.” The index has mirrored an overall trend. 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 2.09% in the last 24 hours. Bitcoin and Ether: Over the previous 24 hours, Bitcoin has retraced by 1.77%, while Ether has underperformed Bitcoin, dropping 2.10%.

BinaryX (BNX)

BinaryX is the platform cryptocurrency for the BinaryX ecosystem, which includes the DAO and all products & games utilizing $BNX. BinaryX began as a decentralized derivative trading system. Recognizing the burgeoning popularity of GameFi and interest in the metaverse games, the team gradually evolved into developing decentralized video games and is now fully transitioning to be a GameFi platform offering IGO services to bridge Web2 developers to Web3.

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

• Magic Eden and Waves: These cryptocurrencies have grown remarkably over the past 24 hours, with Magic Eden increasing by 6.21% since midnight.

Overview: Over the last 24 hours, the crypto market has experienced a sharp decline followed by weak stabilization, reflecting bearish control. The downward momentum has slowed, but no clear reversal signals have appeared.

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 3.13% in the previous 24 hours.
3. Bitcoin and Ether: Over the previous 24 hours, Bitcoin has dropped by 2.36%, while Ether has underperformed Bitcoin, plunging 3.55%.

Magic Eden (ME)

ME is the official token of Magic Eden, a leading NFT and cross-chain trading platform. Designed to power the onchain economy, ME facilitates cross-chain trading, minting, and wallet protocols across significant blockchain ecosystems, including Bitcoin, Solana, and Ethereum. Users can earn ME rewards by trading assets on all chains, participating in platform activities, and staking for durations between 1 day and 4 years. As the largest community of onchain users, ME aims to drive the adoption of decentralized applications while enabling users to engage with a retail-friendly mobile platform. With a total supply of 1 billion tokens, including a 125 million token airdrop, ME establishes itself as a key asset within the growing decentralized finance and NFT space.