Movers of the Day 13-Jul-2023

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

The day’s top movers are XRP +18.75%)  and Stellar +19.08% since 7 pm

In a historic court decision, it has been ruled that Ripple’s sale of XRP does not qualify as an investment contract. This landmark decision has had a profound impact on the cryptocurrency markets, triggering a surge in prices across various indices and leading cryptocurrencies. According to the NWSBCT Index (Blue Chips), which tracks the performance of prominent cryptocurrencies, there has been a notable upward trend over the past 24 hours. The accompanying chart illustrates the movement of this index, showcasing the remarkable increase in prices. The 2100NEWS Indices, which monitor the performance of various groups of coins and tokens, have reported substantial gains since 7 pm, with gains ranging from 0.16% to an astounding 5.51% in the case of the 2100NEWS Coin Index (NWSCo100). This surge indicates a strong market response to the court decision and a renewed investor sentiment in the cryptocurrency space. Moreover, the 2100NEWS Total Index (NWST1100), which measures the performance of 1100 significant crypto assets based on their market capitalization, has experienced a remarkable upswing of 6.56%. This surge reflects a broad-based increase across the cryptocurrency market, further reinforcing the positive impact of the Ripple court decision.  The 2100NEWS Coin Index (NWSCo100) has witnessed an extraordinary rise of 19.74% in the last 24 hours, signaling a significant bullish sentiment among investors. Among the leading cryptocurrencies, Ether (ETH) has soared by an impressive 6.03%, while Bitcoin (BTC) has surged by 2.98% over the same period.

Please read the notes to find out by what criteria they 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.

Stellar (XLM)

Stellar is an open-source network optimized for payments and asset issuance. On Stellar, you can create, send, and trade digital representations of all forms of value — U.S. dollars, Argentine pesos, Bitcoin, real estate, pretty much anything. It’s designed so all the world’s financial systems can freely interoperate with each other, all on a single network.

Top movers of the day at 20:10 were XRP (+53.13% as of 2 pm) and Stellar (+37.73% as of 2 pm). A couple hours ago Ripple CEO Brad Garlinghouse announced that Ripple won dispute with SEC,  or more precisely: the judge in the Ripple case ruled that Ripple’s sale of XRP was not an investment contract. This historic court decision sent crypto markets skyrocketing as illustrated by an adjacent chart showing the movement of the NWSBCT Index (Blue Chips) over the past 24 hours. As a result, the 2100NEWS Indices also went up: since 2 pm 2100NEWS Coin Index (NWSCo100) which measures the performance of coins has increased by a whopping 11.92%. Ether has increased by 4.83%, Bitcoin only 1.35%.

XRP (XRP)

XRP is a digital asset native to the XRP Ledger—an open-source, permissionless, and decentralized blockchain technology. Created in 2012 specifically for payments, XRP can settle transactions on the ledger in 3-5 seconds. It was built to be a better Bitcoin—faster, cheaper, and greener than any other digital asset. Ripple is a technology company that makes it easier to build a high-performance, global payments business. XRP is a digital asset independent of this.

The day’s top movers (at 2 pm) are HEX and Powerledger, rising by 10.85% since 9 am.

In the past 24 hours, the cryptocurrency markets have seen a mixed performance. The NWSBCT Index for Blue Chips indicates a sideways trend. On the other hand, the 2100NEWS Indices, which track the performance of various groups of coins and tokens, have experienced gains ranging from 0.12% to 2.52% since midnight. This indicates that specific segments of the cryptocurrency market have seen positive price movements. Despite this,  the overall market sentiment, as reflected by the 2100NEWS Total Index (NWST1100), has decreased by 0.24% over the last 24 hours. This index measures the performance of 1100 significant crypto assets based on their market capitalization, and its decline suggests a slight downturn in the broader cryptocurrency market. Specifically, Bitcoin (BTC) and Ether (ETH) have experienced price decreases. Bitcoin’s price has decreased by 0.58% in the past 24 hours, while Ether’s price has seen a smaller decline of 0.26%.

Powerledger (POWR)

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.

The day’s top movers (at 9 am) were Liquity and HEX. Centrifuge has risen by 12.60% since midnight. In the previous 24 hours, the cryptocurrency declined. Below are the essential details:

1. 1. NWSBCT Index for Blue Chips shows a sideways trend in the markets, as seen in the chart, indicating a lack of significant movement in the prices of prominent cryptocurrencies considered blue chips.
   2. 2100NEWS Total Index (NWST1100): This index measures the performance of 1100 significant crypto assets based on their market capitalization. It has fallen by 1.05% over the last 24 hours.
   3. Bitcoin (BTC) and Ether (ETH) have experienced price drops. Bitcoin’s price dropped by 1.19%, while Ether’s by 1.04% over the past 24 hours.

Centrifuge (CFG)

The Centrifuge is a decentralized asset financing protocol. It connects decentralized finance (DeFi) with real-world assets (RWA) while trying to lower the cost of capital for small and mid-size enterprises (SMEs) and provide investors with a stable source of income. The project’s primary goal is to generate profits not tied to volatile crypto assets; the developers are pursuing the task of transferring real monetary value from fiat to cryptocurrencies. Companies are using Centrifuge to access the liquidity that DeFi has to offer. They can tokenize tangible assets and use these tokens as collateral to access financing through Tinlake, a decentralized application (DApp) lending protocol. The Centrifuge blockchain is built on Polkadot (DOT) for speed and low fees, while its financial DApp Tinlake is built to access Ethereum (ETH) liquidity. Centrifuge provides liquidity to everyone, and investors receive income and rewards in CFG tokens. Centrifuge links assets such as invoices, real estate, and royalties with decentralized finance (DeFi). Additionally, borrowers benefit from the fact that they can finance their tangible assets without banks or other intermediaries.

NEM (XEM)

NEM’s blockchain platform was designed and coded from the ground up for scale and speed. NEM’s permissioned private blockchain delivers industry-leading transaction rates for internal ledgers. And its revolutionary consensus mechanism and the Supernode program ensure that NEM’s open, public blockchain can grow without compromising throughput or stability.