Movers of the Day 26-Jul-2023

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

The day’s top movers are Origin Protocol and Bounce Token. Stellar has risen by 10.28% since 7 pm.

After the FED’s interest rate increase, the cryptocurrency industry has shown positive growth, which indicates that investors and traders have received the decision well. This has led to a rise in prices across various cryptocurrencies, including Bitcoin and Ether. Here are some important points: The NWSBCT Index for Blue Chips, which represents Blue Chips in the crypto space, has trended upwards, as shown in the chart. The 2100NEWS Indices, which track the performance of various groups of tokens and coins, report gains ranging from 0.49 to 1.60% since 7 pm. This indicates that multiple segments within the cryptocurrency market have shown positive movements in response to the FED’s announcement. The 2100NEWS Total Index (NWST1100), reflecting the overall market sentiment by tracking the performance of 1100 significant cryptocurrencies based on their market capitalization, has risen by 0.90% over the last 24 hours. After the FED’s decision, Bitcoin has seen a substantial price rise of 0.92%. Similarly, Ether experienced a solid price increase of 0.61% during 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 that all the world’s financial systems can freely interoperate with each other, all on a single network.

The day’s top movers (at 7 pm) were Bitgert and Bounce Token, surging by 21.32% since 2 pm. The cryptocurrency industry maintained its stability with several notable points:

1. The NWSBCT Index for Blue Chips, which represents Blue Chips in the crypto space, trended sideways.
2. The 2100NEWS Total Index (NWST1100), reflecting the overall market sentiment by tracking the performance of 1100 significant cryptocurrencies based on their market capitalization, has increased slightly by 0.18% over the last 24 hours, indicating slight resilience in the crypto market.
3. Bitcoin’s price has increased by 0.25%, while Ether’s has only risen by 0.12%. These small increases show that the crypto market is currently lacking strong directional momentum.

Bounce Token (AUCTION)

Bounce is a decentralized auction platform incorporating liquidity mining, decentralized governance, and staking mechanisms. The first principle of Bounce is a scarcity of resources, which creates a competitive swap environment. The idea of “swap” originated from Uniswap, where infinite liquidity is provided for participants. While this is a great concept, Bounce focuses on the opposite scenario instead. Bounce offers a competitive environment for a limited supply of tokens or other assets like NFTs. The assets can be auctioned off in various ways, such as Token sales. Various types of auctions where a limited amount of tokens are auctioned off with different auction principles and time limits, such as fixed price (fixed swap auction), decreasing price (Dutch auction), or hidden price (sealed-bid auction) NFT auctions NFTs are auctioned off with similar auction principles as token sales. However, there are usually fewer NFTs (or only a unique piece) for sale.

The day’s top movers (at 2 pm) are Bitgert and FUNToken, rising by 15.84% since 9 am.

The cryptocurrency world has been stable for the past day, with the following key points to take note of:

1. The NWSBCT Index for Blue Chips, which represents Blue Chips in the crypto space, has trended sideways, as indicated by the adjacent chart.
2. The 2100NEWS Indices, which track the performance of various groups of tokens and coins, report losses ranging from 0.24 to 1.20% since midnight.
3. The 2100NEWS Total Index (NWST1100), reflecting the overall market sentiment by tracking the performance of 1100 significant cryptocurrencies based on their market capitalization, has seen a marginal increase of 0.02% over the last 24 hours, indicating overall resilience in the crypto market.
4. Bitcoin and Ether have shown mixed performance. Bitcoin’s price has increased by 0.16%, while Ether’s price has experienced a marginal decrease of 0.09% over the past 24 hours. These small movements highlight the market’s lack of strong directional momentum.

FUNToken (FUN)

Through blockchain technology, FUNToken enables gaming operators, players, and developers transparency, provably fair gaming, and seamless integration to the world’s leading crypto iGaming solutions, helping to unlock greater economic opportunity and to tokenize value for users globally.

The day’s top movers (at 9 am) were Amp and Worldcoin. The Compound rose by 9.24% since midnight. Over the past day, the cryptocurrency industry remained stable. The NWSBCT Index for Blue Chips, which represents Blue Chips in crypto, trended sideways. The 2100NEWS Total Index (NWST1100), reflecting the overall market sentiment by tracking the performance of 1100 significant cryptocurrencies based on their market capitalization, has seen a slight increase of 0.22% in the last 24 hours. Bitcoin and Ether have experienced minor upticks in their prices, with Bitcoin’s price increasing by 0.23% and Ether’s price increasing by 0.16% during the same period.

Compound (COMP)

Compound is an algorithmic, autonomous interest rate protocol built for developers to unlock a universe of open financial applications. Compound is a protocol on the Ethereum blockchain that establishes money markets, which are pools of assets with algorithmically derived interest rates based on the supply and demand for the asset. Suppliers (and borrowers) of an asset interact directly with the protocol, earning (and paying) a floating interest rate without having to negotiate terms such as maturity, interest rate, or collateral with a peer or counterparty.

Amp (AMP)

Amp is the new digital collateral token offering instant, verifiable assurances for any kind of value transfer. Using Amp, networks like Flexa can quickly and irreversibly secure transactions for various asset-related use cases. Amp claims to offer a straightforward but versatile interface for verifiable collateralization through a system of collateral partitions and collateral managers. Where collateral partitions can be designated to collateralize any account, application, or even transaction and carry balances directly verifiable on the Ethereum blockchain, collateral managers are smart contracts that can lock, release, and redirect collateral in these partitions as needed to support value transfer activities. Amp supports a wide variety of use cases for collateralization and also introduces the concept of predefined partition strategies, which can enable special capabilities such as collateral models through which tokens can be staked without ever leaving their original address.