Movers of the Day 10-Aug-2023

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

The day’s top movers are Akash Network and XDC Network. Merit Circle has risen by 8.39% since 7 pm.

The cryptocurrency market has experienced a period of relative stability over the last day. Here are the key highlights from this timeframe:

1. The NWSBCT Index for Blue Chips, which represents Blue Chips in the crypto sphere, has trended sideways, as illustrated in the accompanying chart.
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 slightly decreased by 0.21% over the last 24 hours.
3. During this same timeframe, Ether (ETH) has exhibited a minor decrease of 0.15%, and Bitcoin (BTC) has faced a slight fall of 0.18%.

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.

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 top movers of the day at 19:10 are Bancor and ECOMI. Since 2 pm, Bancor has increased by 5.83%, ECOMI is 6.23% higher. The crypto markets trended sideways. Over the past 24 hours, the large cap measured by 2100NEWS 100 Large Cap Index (NWSL100) has fallen by 0.44%. 2100NEWS Total Index (NWST1100) is 0.32% lower. Bitcoin has decreased by 0.40%, while Ether is slightly higher (+0.05%).

Bancor (BNT)

Bancor is an on-chain liquidity protocol that enables automated, decentralized exchange on Ethereum and across blockchains. The protocol is made up of a series of smart contracts that are designed to pool liquidity and perform peer-to-contract trades in a single transaction with no counterparty. Users stake BNT in automated market makers in exchange for trading fees, BNT staking rewards, and voting rights in the Bancor DAO. Bancor has processed more than $2 billion in trade volume across thousands of tokens, with millions in fees generated by stakers.

The day’s top movers (at 2 pm) are Akash Network and Orchid, rising by 10.41% since 9 am.

In the past 24 hours, the cryptocurrency market has experienced a more pronounced decline. Here are the key highlights from this timeframe:

1. The NWSBCT Index for Blue Chips, which represents Blue Chips in the crypto sphere, has declined.
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 decreased by 1.13% over the last 24 hours.
3. Ether (ETH) decreased by 0.64% during this period, and Bitcoin (BTC) declined by 1.26%.

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  Aptos and Akash Network, surging by 19.92% since midnight.

In the last 24 hours, the cryptocurrency market has fallen. Here are the key highlights from this timeframe: The NWSBCT Index for Blue Chips, which represents Blue Chips in the crypto sphere, experienced a decline, as illustrated 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 decreased by 0.63% over the last 24 hours. Additionally, Ether (ETH) experienced a slight decrease of 0.38%, and Bitcoin (BTC) faced a more significant fall with a decline of 0.69%.

Akash Network (AKT)

Akash DeCloud is a faster, better, and lower-cost cloud built for DeFi, decentralized projects, and high-growth companies, providing unprecedented scale, flexibility, and price performance. 10x lower in cost, our serverless computing platform is compatible with all cloud providers and all applications that run on the cloud.

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.