Movers of the Day 14-Jun-2023

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

The day’s top movers are Trust Wallet Token and Decred, rising by 10.91% since 7 pm.

The NWSBCT Index for Blue Chips chart over the past 24 hours indicates that the cryptocurrency markets have resumed falling. This decline is believed to be influenced by the decision of the Federal Reserve (FED) to skip a rate hike. Data from the 2100NEWS Indices, which track the performance of different groups of tokens and coins, also confirms this observation, revealing losses ranging from -2.41% to -4.23% since 7 pm. Additionally, the 2100NEWS Total Index (NWST1100), which measures the performance of 1100 significant crypto assets based on their market capitalization, has plunged 3.36% over the last 24 hours. Moreover, Ether and Bitcoin have both seen declines of 5.00% and 2.89%, respectively, during the same period.

Please read the notes to find out which criteria have been selected. The market information provided only reflects the state of the market up to midnight in the last 24 hours. Therefore, it may not accurately represent the current market conditions at the time of your inquiry.

Decred (DCR)

Decred is a self-funding cryptocurrency with a system of community-based governance integrated into its blockchain. Decred iterates on Bitcoin by employing an innovative hybrid Proof-of-Work (PoW)/Proof-of-Stake (PoS) system and the Politeia governance platform to solve the issues of centralization, funding, and governance. In Decred’s hybrid system, PoW acts similarly to Bitcoin, but miners only receive 60% of the block reward. Thirty percent of the Decred block reward goes to PoS voters who quality control the miners’ work, reducing the miners’ power, emphasizing the coin holders’ hands, and securing the network. The final 10% block reward goes into the Treasury to fund development and operations. The self-funding element ensures that Decred is sustainable over the long term.

The top movers of the day at 19:10 are Ordinals and TerraClassicUSD. Since 2 pm, Ordinals has surged 16.00%, and TerraClassicUSD is 12.55% higher. Phala Network has increased by 3.01%. The crypto markets still trended sideways. Over the past 24 hours, 2100NEWS Indices, which measure the performance of different groups of tokens and coins, have increased up to 2.46%. 2100NEWS Total Index (NWST1100) is 0.70% higher. Bitcoin has increased by 0.41%, Ether only 0.02%.

Ordinals (ORDI)

The Ordinal theory concerns itself with satoshis, giving them individual identities and allowing them to be tracked, transferred, and imbued with meaning. Satoshis, not Bitcoin, is the atomic, native currency of the Bitcoin network. One bitcoin can be subdivided into 100,000,000 satoshis, but no further. The ordinal theory does not require a sidechain or token aside from Bitcoin and can be used without any changes to the Bitcoin network. It works right now. Ordinal theory imbues satoshis with numismatic value, allowing them to be collected and traded as curios. Individual satoshis can be inscribed with arbitrary content, creating unique Bitcoin-native digital artifacts that can be held in Bitcoin wallets and transferred using Bitcoin transactions. Inscriptions are as durable, immutable, secure, and decentralized as Bitcoin itself.

The day’s top movers (at 2 pm) are Lisk and Decred. Metal DAO has risen by 9.65% since 9 am. The crypto markets have trended sideways and remained relatively stable with little to no significant price changes. However, the broader cryptocurrency market, represented by the 2100NEWS Total Index (NWST1100), has fallen by 0.58% over the same period. This index measures the performance of 1100 significant cryptocurrencies based on their market capitalization. In the past 24 hours, Bitcoin (BTC) has experienced a decline of 0.61%, while Ether (ETH) has decreased by 0.21%.

Metal DAO (MTL)

Metal is a digital currency for MetalPay that enables instant global payment by utilizing just a phone number. MTL is fairly decentralized with the support of a process called Proof of Processed Payments (PoPP). Members and participants could earn rewards in MTL by spending or purchasing. The maximum supply is 66.5 million MTL. Users can get up to 5% MTL on every purchase. They can also receive high interest when investing in MTL.

The day’s top movers (at 9 am) were Lisk and Decred, rising by 18.38% since midnight. The crypto markets trended sideways, showing little price change. The broader cryptocurrency market, represented by the 2100NEWS Total Index (NWST1100), has experienced a slight decline of 0.35% in the last 24 hours. This index measures the performance of 1100 significant cryptocurrencies based on their market capitalization. Bitcoin (BTC) has experienced a larger decline of 0.70% in the last 24 hours, while Ether (ETH) has observed a decrease of 0.49% over the same period.

Galxe (GAL)

Galxe is the leading platform for building the web3 community. With over 10 million unique users to date, Galxe has propelled the growth of Optimism, Polygon, Arbitrum, and more than 2100 partners with reward-based loyalty programs.

Linear Finance (LINA)

Linear Finance (“Linear”) is a non-custodial, cross-chain compatible, delta-one asset protocol. Linear’s long-term DeFi vision is to increase inclusiveness and democratize access to investment assets (digital and traditional). Tremendous value exists in the ability for investors to easily and quickly invest, save fees, and secure assets at fair market value. Linear combines substantial technical experience from numerous crypto projects with extensive financial experience in exotic and structured assets from traditional global asset management firms to bring to market one of the first DeFi projects built upon Ethereum with cross-chain compatibility.