Movers of the Day 6-Aug-2023

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

The day’s top movers are XDC Network and API3, soaring 55.43% since 9 am.

Over the past 24 hours, the crypto market has been relatively stable. Here are the key takeaways: The NWSBCT Index for Blue Chips, which represents Blue Chips in the crypto space, has trended sideways, as shown in the chart nearby. 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 minor increase of 0.02% over the last 24 hours. Ether’s value fell by 0.24% over the past day, while Bitcoin’s value rose by 0.11%. These changes are relatively small.

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.

API3 (API3)

API3 is a token of API that drives a collaborative effort to create a new generation of blockchain-native, decentralized APIs, or dAPIs for short. dAPIs are composed of first-party oracles operated by API providers and thus are more secure and cost-efficient than alternative solutions that employ intermediaries. Staking the token will grant its holders full governing rights over the API3 DAO and all associated rewards. Staked API3 tokens will be used as collateral for the on-chain insurance service to provide quantifiable and trustless security guarantees to dAPI users.

The day’s top movers (at 9 am) were  Yield Guild Games and Orchid, soaring 29.80% since midnight. Over the past 24 hours, the crypto market rose. Here are the main points:

1. The NWSBCT Index for Blue Chips, which represents Blue Chips in the crypto space, has risen.
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 modestly by 0.47% over the last 24 hours. This indicates that the overall market sentiment has slightly improved.
3. Ether’s price increased by 0.13%, while Bitcon’s remained unchanged.

Orchid (OXT)

Orchid is a decentralized, market-based system for anonymous communication and virtual private networking. It includes a bandwidth market where node providers stake digital currency to advertise their services using the Ethereum blockchain and receive payment in OXT (Orchid’s native cryptocurrency). Orchid’s mission is to build Open Source software that keeps the Internet open and accessible — a natural resource for everyone, everywhere.

Yield Guild Games (YGG)

Yield Guild Games is a decentralized autonomous organization (DAO) that invests in virtual world non-fungible tokens (NFTs). The organization aims to develop the world’s largest virtual economy, optimize its assets to maximize utility and share revenues with its stakeholders.

Siacoin (SC)

Sia is a decentralized storage system. Users worldwide can contribute disk storage from their computers to create a decentralized network. With Sia cryptos, users can easily rent storage from hosts on the Sia system, which is achieved through smart storage contracts saved on the distributed Sia blockchain.