Movers of the Day 8-Aug-2023

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

The day’s top movers are Coin98 and Golem, surging by 28.66% since 7 pm.

Over the last day, the cryptocurrency market has grown significantly, indicating a strong upward movement and highlighting robust investor interest and confidence. Here are the key highlights from this timeframe: The NWSBCT Index for Blue Chips, which represents Blue Chips in the crypto space, surged, as evidenced in the nearby chart. Additionally, the 2100NEWS Indices, which track the performance of various groups of tokens and coins, report gains ranging from 0.32 to 0.59% since 7 pm. The 2100NEWS Total Index (NWST1100), reflecting the overall market sentiment by tracking the performance of 1100 significant cryptocurrencies based on their market capitalization, has surged by a noteworthy  2.37% over the last 24 hours. This index provides a comprehensive overview of the collective movement within the cryptocurrency market. Ether (ETH) has risen by 2.12%, and Bitcoin (BTC) has experienced a surge of 2.46% during the same 24-hour 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.

Golem (GLM)

Golem is a decentralized marketplace for computing power. It enables CPUs and GPUs to connect in a peer-to-peer network, enabling both application owners and individual users (“requestors”) to rent resources from other users’ (“providers”) machines. These resources can be used to complete tasks requiring any amount of computation time and capacity. Nowadays, centralized cloud providers control these services, and these platforms are constrained by closed networks, proprietary payment systems, and hard-coded provisioning operations. Golem proposes an open-source, decentralized, and user-controlled alternative.

The day’s top movers (at 7 pm) were Orchid and Merit Circle, rising by 9.07% since 2 pm. In the past 24 hours, the cryptocurrency market showed remarkable growth, signifying a robust upward movement and demonstrating strong investor interest and confidence. Here are the notable highlights from this time frame:

1. The NWSBCT Index for Blue Chips, which represents Blue Chips in the crypto space, showed a surge.
2. Additionally, the 2100NEWS Indices, which track the performance of various groups of tokens and coins, report gains ranging from 0.67 to 3.18% since midnight, indicating a strong positive trend across various segments of the cryptocurrency market.
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 surged by 2.89% over the last 24 hours. This index provides a comprehensive overview of the collective movement within the cryptocurrency market.
4. Ether has risen by 2.29%, and Bitcoin has surged by 2.98% during the same time.

Merit Circle (MC)

Merit Circle is a decentralized autonomous organization that focuses on developing the play-to-earn (P2E) economy. The project wishes to create a new era of gameplay where users can earn money by playing games they love instead of treating them as a simple hobby. The project launched on the 4th of November, 2021, but it has been in development since July 2021. Despite its young age, it already has a massive community, with over 64,800 followers on Twitter.

The day’s top movers (at 2 pm) were  Coin98 and Orchid, rising by 15.78% since 9 am. In the past 24 hours, the cryptocurrency market has shown signs of improvement after a recent drop that tested support levels. During this period, the NWSBCT Index for Blue Chips, which represents Blue Chips in the crypto space, has experienced a rise, as seen in the nearby chart. Additionally, the 2100NEWS Indices, which track the performance of various groups of tokens and coins, report gains ranging from 0.17 to 1.54% since midnight, indicating a positive trend across different segments of the cryptocurrency market. 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 0.63% over the last 24 hours, giving a broader perspective on the entire cryptocurrency market’s movement. Ether has seen a modest increase of 0.20%, while Bitcoin has risen by 1.16% during the same time.

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.

The day’s top movers (at 9 am) are  DODO and RSS3, soaring 36.91% since midnight. In the last 24 hours, the cryptocurrency market showed signs of recovery after a downward spike that tested support. Positive movements in various indices and key cryptocurrencies suggest renewed investor interest and confidence in the market. Here are the highlights:

1. The NWSBCT Index for Blue Chips, which represents Blue Chips in the crypto space, has risen.
2. The 2100NEWS Indices, which track the performance of various groups of tokens and coins, report gains ranging from 0.08 to 1.02% since midnight. This indicates a generally positive trend across different segments of the cryptocurrency market.
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 slight increase of 0.33% over the last 24 hours.
4. Ether has seen a slight increase of 0.13%, while Bitcoin has modestly risen by 0.66% during the same time.

RSS3 (RSS3)

RSS3 is a next-generation feed protocol that powers decentralized social, content, and e-commerce applications.

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.

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.