Movers of the Day 11-Aug-2023

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

Top movers of the day are Livepeer and Akash Network which has surged 14.17% since 7 pm. Livepeer has increased by 1.46%.

Most cryptocurrencies finished the day lower as illustrated by an adjacent chart showing the movement of the NWSBCT Index (Blue Chips) over the past 24 hours. The coins (without Bitcoin and Ether) represented by 2100NEWS Coin Index (NWSCo100) ended -0.43%. The Ethereum baased tokens measured by 2100NEWS Ethereum Based Index (NWSET100) ended -0.16%. Bitcoin ended -0.19%, Ether ended -0.28%.

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.

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.

Top movers of the day at 19:10 are Livepeer and StormX which has increased by 4.97% since 2 pm,  Livepeer is 2.44% higher. In the afternoon the crypto markets went down. Since 2 pm the large caps measured by 2100NEWS 100 Large Cap Index (NWSL100) have fallen by 0.54%. 2100NEWS Total Index (NWST1100) is 0.34% lower. Similarly, Ether has decreased by 0.30%, Bitcoin only 0.25%.

StormX (STMX)

Founded in 2015, StormX is one of the first global cryptocurrency-based solutions to reach worldwide markets. As a mobile app and browser extension, StormX aims to bring users cashback in crypto for most of their online purchases, with enterprise partners like Samsung, Nike, and Lego. StormX also allows users to stake the native STMX token to boost their rewards.

The day’s top movers (at 2 pm) are Astar Network and Livepeer. API3 has risen by 2.41% since 9 am. In the past 24 hours, the cryptocurrency market has demonstrated a notable period of steadiness, marked by several significant developments:

1. Blue Chips Maintain Sideways Movement: The NWSBCT Index for Blue Chips, which represents Blue Chips in the crypto space, has displayed a persistent sideways trend.
2. Subtle Downturn in NWST1100 Index: The 2100NEWS Total Index (NWST1100), an aggregate measure encompassing 1100 prominent cryptocurrencies based on their market capitalizations and gauging overall market sentiment, has undergone a marginal decrease of 0.06% during the past 24 hours. This modest dip reflects a nuanced change in market sentiment and investor outlook.
3. Ether and Bitcoin Experience Marginal Declines: Within this same timeframe, Ether (ETH) has observed a slight decrease of 0.14%, while Bitcoin (BTC) has encountered a minor setback of 0.40%.

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 Akash Network and Livepeer, soaring 29.51% since midnight. In the past 24 hours, the cryptocurrency market has demonstrated a notable period of steadiness, marked by several significant developments:

1. Blue Chips Maintain Sideways Movement: The NWSBCT Index for Blue Chips, which represents Blue Chips in the crypto space, has displayed a persistent sideways trend.
2. Subtle Downturn in NWST1100 Index: The 2100NEWS Total Index (NWST1100), an aggregate measure encompassing 1100 prominent cryptocurrencies based on their market capitalizations and gauging overall market sentiment, has undergone a marginal decrease of 0.06% during the past 24 hours. This modest dip reflects a nuanced change in market sentiment and investor outlook.
3. Ether and Bitcoin Experience Marginal Declines: Within this same timeframe, Ether (ETH) has observed a slight decrease of 0.09%, while Bitcoin (BTC) has encountered a minor setback of 0.34%.

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.

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.