Movers of the Day 27-Jul-2023

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

The day’s top movers are UMA and Kin, surging by 25.91% since 7 pm.

The crypto markets witnessed a downward trend, and here are some important details to keep in mind:

1. The NWSBCT Index for Blue Chips, which represents Blue Chips in the crypto space, experienced a decline, 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 0.15 to 0.63% since 7 pm.
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 fallen by 0.65% over the last 24 hours.
4. Two of the most prominent cryptocurrencies, Bitcoin and Ether, experienced losses, with Bitcoin’s price falling by 1.04% and Ether’s price going down by 0.78% in the same timeframe.

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.

Kin (KIN)

The Kin cryptocurrency is used as money within a digital ecosystem of consumer applications and services. Kin tokens enter circulation via an incentive model called the Kin Rewards Engine, or “KRE,” which rewards the developers who create compelling user experiences with Kin based on their engagement. This offers a software monetization model that incentivizes the adoption of new use cases and the creation of value for a cryptocurrency and encourages the exchange of value between users instead of harvesting user data and attention at no benefit to users.

The top movers of the day at 19:10 were Adventure Gold and Wanchain. Since 2 pm, Adventure Gold has increased by 2.93%, Wanchain is 4.02% higher. Stellar has decreased by 1.16%. In the afternoon, the crypto markets were sliding down. Since 2 pm 2100NEWS Indices have fallen between 0.19% and 0.92%. 2100NEWS Total Index (NWST1100) is 0.65% lower. Bitcoin has decreased by 0.75% and Ether by 0.50%.

Adventure Gold (AGLD)

Adventure Gold is the native ERC-20 token of the Loot non-fungible token (NFT) project. Loot is a text-based, randomized adventure gear generated and stored on-chain, created by social media network Vine co-founder Dom Hofmann. The project intentionally has no front-end interface, images, statistics, or functionality. Instead, it is based on a set of 8,000 text-based NFTs open to how the community wants to interpret it. The NFTs contain texts of gears ranging from the “Holy Greaves of Giants” to the “Grim Shout.” As of Sept. 8, 2021, the floor price of Loot on OpenSea is 8.56 ETH. Numerous derivative projects are being built around Loot and can be found here. Adventure Gold was launched on Sept. 2, 2021, and allowed each owner of a Loot NFT to claim 10,000 tokens for free. With the price of AGLD skyrocketing in the initial days of trading, this airdrop was worth as much as $70,000 per NFT. AGLD founder Will Papper claimed he wanted to set a standard for projects building on Loot by providing a currency for the decentralized gaming universe.

The day’s top movers (at 2 pm) are Arkham and Bounce Token, rising by 3.94% since 9 am.

The crypto markets experienced a consolidation phase following the initial rise triggered by the FED’s increase in interest rates. Here are the key points to take note of:

1. The NWSBCT Index for Blue Chips, which represents Blue Chips in the crypto space, has consolidated.
2. The 2100NEWS Indices, which track the performance of various groups of tokens and coins, report gains ranging from 0.16 to 1.61% since midnight. This indicates that different segments of the cryptocurrency market experienced some positive price movements during this period.
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 surge of 1.72% over the last 24 hours, indicating a broader market uptrend and positive sentiment across the cryptocurrency space.
4. Bitcoin and Ether price rise: Bitcoin’s price has risen by 1.13%, and Ether’s price has increased by 1.39% over the past 24 hours.

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 concept is excellent, 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 9 am) are Astar Network and Bounce Token, soaring 69.55% since midnight.

The recent increase in interest rates by the FED has caused prices to rise across various cryptocurrencies, including Bitcoin and Ether. This indicates that investors and traders have responded positively to the decision. The NWSBCT Index for Blue Chips, which represents Blue Chips in the crypto space, has trended upwards, as shown in the accompanying chart. 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 1.13% over the last 24 hours, indicating an overall positive sentiment in the crypto market. Bitcoin has seen a price rise of 0.65%. Similarly, Ether experienced a solid price increase of 1.05% during the same period.

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.