Movers of the Day 28-Feb-2025

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

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

• Nervos Network and Morpho**:** These cryptocurrencies have grown remarkably over the past 24 hours, with Nervos Network rising by 12.19% since midnight.

Overview: Over the last 24 hours, the crypto market experienced extended downtrend and heavy selling pressure. A significant drop occurred overnight, pushing most assets to multi-day lows. Failed attempts at recovery indicate lack of immediate support

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 plunges ranging from -5.53% to -7.42% 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 plunged 9.07% in the previous 24 hours.
4. Bitcoin and Ether: Over the previous 24 hours, Bitcoin has plunged 8.47% and Ether 11.10%, significantly underperforming Bitcoin.

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

Nervos Network (CKB)

The Nervos Network is an open-source, public blockchain ecosystem and collection of protocols solving the biggest challenges facing blockchains like Bitcoin and Ethereum today. The Nervos CKB (Common Knowledge Base) is layer 1, proof of work public blockchain protocol of the Nervos Network. It allows any crypto-asset to be stored with Bitcoin’s security, immutability, and permissionless nature while enabling smart contracts and layer two scalings. It captures the total network value through its “store of value” crypto-economic design and native token, the CKByte.Power Ledger, based in Australia, encourages us to imagine a world where electricity is dependable, affordable, and clean for everyone. Powered by contracts on the Ethereum network, the peer-to-peer energy exchange platform, their most mature platform, aims to democratize energy trading with transparent systems that allow individuals and communities to select their power source. POWR is the utility token that users would escrow to use the platform in their dual token model, while Sparkz represents electricity credits tied to local fiat for marketplace participants. Both are used to create part of an economy where households that generate electricity can trade with their neighbors for a fair return.