Movers of the Day 7-Apr-2025

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

⚡ 14:00 – Midday Moves: Calm After the Storm? – Top Movers of the Day

• Usual and DigiByte: These cryptocurrencies have grown remarkably over the past 24 hours.
• Big Time has increased by 2.49% since the morning update.

Overview: Over the last 24 hours, the crypto market has shown early signs of stabilization, following the brutal selloff seen overnight. Sector indices turned modestly positive, with smaller-cap leading the way. However, significant assets like Bitcoin and Ether remain under pressure, dragging down the broader indices. 🔍 Market Insight: Today’s movement primarily reflects a rebound following a steep overnight drop. Segments with smaller market caps show slightly more substantial intraday gains, but this is likely a result of higher volatility after sharper declines, not necessarily a sign of renewed strength or traction.

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 chart on the left reveals the NWSBCT index rebounded slightly from its deep morning low near 6.09, climbing toward 6.42 before consolidating. This reflects a tentative recovery attempt, though the market remains structurally weak. 🔄 Attempted intraday reversal. 🧭 Still operating well below prior support levels The 2100NEWS Indices, which track the performance of various groups of tokens and coins, have reported losses from -3.34% (NWSET100) to -6.67% (NWSCo100) since midnight. 2100NEWS Total Index (NWST1100): Representing a broad spectrum of the crypto market, covering 1100 significant cryptocurrencies based on their market cap. It has plunged 9.88% over the last 24 hours. Bitcoin and Ether: Over the previous 24 hours, Bitcoin has declined by 7.44%, while Ether, with a 17.19% plunge, has significantly underperformed Bitcoin.

This intraday update covers market activity between 9:00 a.m. and 2:00 p.m. CET. Top Movers include 24h performance, but the main focus is on the asset with the most significant change since the 9:00 a.m. report. 2100NEWS Indices show changes from 00:00 to 14:00 CET. 2100NEWS Total Index (NWST1100) and Bitcoin & Ether sections always reflect complete 24-hour changes, regardless of report timing. Please note that conditions may have shifted since the time of publication. Supplemental notes detail the criteria for highlighting these specific cryptocurrencies and indices

UXLINK (UXLINK)

| | | --- | | 2100NEWS ranking: 283, Mid-cap Non-Ethereum-based Token, Index member: NWST1100, NWSM200 | | 2100NEWS DA Orderbook Quality Evaluation Grade: Poor, Score: 8.7 (Average for Mid-caps: 13.2) |

UXLINK is a user-driven Web3 social platform designed to accelerate mass adoption by combining social interactions with blockchain technology. UXLINK fosters authentic, two-way, friend-type relationships and real-time interactions through innovative tools like UXGroup, unlike traditional one-way, follower-based systems. The platform’s core mission focuses on three key elements: becoming the most significant social infrastructure for bi-directional connections (Social Central), bridging Web2 and Web3 to facilitate the discovery and trade of crypto assets (Gateway to All), and fostering an inclusive, trustful, and rewarding community (Community Prosperity). Key innovations include user-friendly decentralized applications (DApps) integrated with platforms like Telegram, the encryption of real-world groups into Web3 operational units, and a dual-token economic model comprising on-chain points and governance tokens. This model ensures simplicity, fairness, and user engagement. By creating a seamless transition between Web2 and Web3, UXLINK empowers users and developers to explore and trade crypto assets within socially enriched contexts. UXLINK’s approach revolutionizes social interaction and positions the platform at the forefront of Web3 adoption, reshaping the future of social media and online communities.

☀️ 9:00 – Morning Pulse: Market Slides Sharply as Ether Leads the Drop – Top Movers of the Day

• Saros and Fasttoken**:** These cryptocurrencies have been the best performers over the past 24 hours
• GMX has risen 8.09% since midnight, making it the strongest intraday performer.

Overview: Over the last 24 hours, the crypto market was hit by a sharp and widespread decline. Nearly all sector indices are deep in the red, with Ether leading the drop among majors. In Asian trading hours, a second wave of capital market reaction to the unfolding tariff war was triggered, fueling the risk-off environment. 🔍 Market Insight: The steep overnight decline indicates a risk-off mood across crypto markets. Ether’s outsized drop may be dragging down broader sentiment and liquidity.

1. NWSBCT Index for Blue Chips: This index focuses on the more established cryptocurrencies, colloquially known as the “Blue Chips”. Its chart on the left has shown a plunge throughout the night and early morning, falling from above 7.00 to near 6.09 by 09:00 CET. The persistent downward pressure highlights an apparent loss of bullish structure.
2. The 2100NEWS Indices, which track the performance of various groups of tokens and coins, have reflected market-wide pressure, plunging from -5.77% (NWSBE) to -10.48% (NWSC100) 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 12.88% in the previous 24 hours.
4. Bitcoin and Ether: Over the previous 24 hours, Bitcoin has plunged 9.96%, while Ether has declined by 20.00%, significantly underperforming Bitcoin.

GMX (GMX)

| | | --- | | 2100NEWS ranking: 221, Mid-cap Non-Ethereum-based Token, Index member: NWST1100, NWSM200 | | 2100NEWS DA Orderbook Quality Evaluation Grade: Ordinary, Score: 14.4, (Average for Mid-caps: 13.2) |

GMX is a leading decentralized exchange (DEX) for trading perpetual futures with up to 50x leverage on assets like BTC and ETH. Launched in 2021 on Arbitrum and Avalanche, GMX has surpassed $140B in trading volume with over 360K users. It replaces the traditional order book with an innovative AMM model powered by a multi-asset liquidity pool (GLP), enabling low-slippage trading and rewarding liquidity providers. The ecosystem is anchored by two tokens, GLP (liquidity index) and GMX (governance and fee-sharing). Prices are sourced from Chainlink oracles, ensuring reliability and transparency.