Movers of the Day 7-Aug-2023

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

The day’s top movers are  Livepeer and Bitcoin Cash. Audius has risen by 6.72% since 7 pm.

Over the past 24 hours, the cryptocurrency market has rebounded after a previous downward spike. Here are the key highlights:

1. The NWSBCT Index for Blue Chips, which represents Blue Chips in the crypto space, has maintained a sideways trend, as depicted in the nearby chart.
2. The 2100NEWS Indices, which track the performance of various groups of tokens and coins, report gains ranging from 0.82 to 1.54% 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 experienced a minor decrease of 0.12% over the last 24 hours.
4. During the same period, Ether and Bitcoin have had mixed results. Ether has decreased by 0.28%, while Bitcoin has risen modestly by 0.38%. These developments point to a recent recovery in the cryptocurrency market following a downward movement.

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.

Audius (AUDIO)

Audius is a decentralized music-sharing and streaming protocol that facilitates direct transactions between listeners and creators, allowing everyone to distribute, monetize, and stream audio content. The protocol consists of (1) Discovery nodes that index the Audius content ledger and provide an easily query-able interface for retrieving metadata; (2) Content nodes to host content and permission access to content on behalf of artists; (3) Content ledger as a single source of truth for all data accessible within the Audius protocol, anchoring references to content hosted by content nodes.

The day’s top movers (at 7 pm) are Bitcoin Cash and Livepeer, rising by 8.17% since 2 pm. However, the cryptocurrency market has seen a decrease in prices over the past 24 hours. The NWSBCT Index for Blue Chips, which represents Blue Chips in the crypto space, has fallen. The 2100NEWS Indices, which track the performance of various groups of tokens and coins, report losses ranging from 0.64 to 2.29% since midnight. Additionally, the 2100NEWS Total Index (NWST1100), reflecting the overall market sentiment by tracking the performance of 1100 significant cryptocurrencies based on their market capitalization, has declined by 1.06% within the last 24 hours. During the same period, Ether has dropped by 1.08%, and Bitcoin has experienced a  decline of 0.53%.

Livepeer (LPT)

Livepeer is an open-source video infrastructure service built on the Ethereum Blockchain. It was created to provide decentralized, affordable, and reliable video encoding to enable new use cases and business models. Token holders can reportedly bond their tokens towards a Transcoder to perform work on their behalf and earn newly minted tokens and fees.

The day’s top movers (at 2 pm) were  Livepeer and Yield Guild Games, surging by 19.71% since 9 am; it has soared 273% since the end of July. Over the past 24 hours, the cryptocurrency market remained relatively stable, with different outcomes for significant cryptocurrencies. Here are the key points:

1. The NWSBCT Index for Blue Chips represents Blue Chips in the crypto space and has maintained a sideways trend.
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 remained almost unchanged over the last 24 hours.
3. During the same period, Ether and Bitcoin have had mixed results. Ether has risen by 0.05%, while Bitcoin has experienced a minor decline of 0.01%.

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.

The day’s top movers (at 9 am) were API3 and Livepeer, soaring 42.69% since midnight. In the last 24 hours, the crypto market was relatively steady. Here are the main points: The NWSBCT Index for Blue Chips, which represents Blue Chips in the crypto space, 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 slightly decreased by 0.30% over the last 24 hours, indicating a minor dip in the overall crypto market. Over the same time, Ether and Bitcoin have both experienced minor declines of 0.10% and 0.05%, respectively.

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.

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.