Movers of the Day 16-Aug-2023

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

The day’s top movers are Sei and Akash Network, rising by 2.56% since 7 pm.

The cryptocurrency market concluded with losses across various indicators in the past day. The NWSBCT Index for Blue Chips, which represents Blue Chips in the crypto sphere, recorded a decline, a pattern visualized in the accompanying chart. The 2100NEWS Indices, designed to provide insights into the performance of different groups of tokens and coins, have reported losses ranging from 0.51% to 3.38% since 7 pm, highlighting a negative sentiment across various segments of the cryptocurrency market. The broader sentiment is reflected in the 2100NEWS Total Index (NWST1100), a benchmark capturing the overall market trend by monitoring the performance of 1100 significant cryptocurrencies based on their market capitalization. This index experienced a considerable decline of 2.29% over the past 24 hours, reflecting the widespread market downturn. Within this same timeframe, Ether (ETH) exhibited a decrease of 1.04%, while Bitcoin (BTC) faced a fall of 1.07%.

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.

The top movers of the day at 19:10 were SwissBorg and OriginTrail, which has increased by 6.88% since 2 pm. A few hours ago, SwissBorg jumped, but after only a couple of minutes, it returned to the same level. At 19.10, it is only 6.36% higher. In the afternoon, the crypto markets were sliding down, as illustrated by an adjacent chart showing the NWSBCT Index (Blue Chips) movement over the past 24 hours. Since 2 pm, the large caps measured by 2100NEWS 100 Large Cap Index (NWSL100) have fallen by 0.90%. 2100NEWS Total Index (NWST1100) is 0.48% lower. Bitcoin has decreased by 0.34% and Ether by 0.13%.

OriginTrail (TRAC)

OriginTrail is an ecosystem dedicated to making supply chains work – by championing standards supporting a universal data exchange (interoperability), connecting rather than replacing legacy IT systems (interconnectivity), and ensuring data immutability by utilizing blockchain technology (integrity).

The day’s top movers (at 2 pm) are SwissBorg and Bluzelle. Helium has risen by 4.22% since 9 am.

The cryptocurrency market experienced a downturn in the past 24 hours, affecting various segments. Below are the essential details:

1. Notably, the NWSBCT Index for Blue Chips, which represents well-established and prominent cryptocurrencies, has consolidated following a noticeable drop.
2. This decline in the market sentiment has cast a shadow over the broader cryptocurrency landscape. The 2100NEWS Indices, designed to provide insights into the performance of different groups of tokens and coins, have reported losses ranging from 0.26% to 2.14% since the trading day’s start. This range of losses reflects an overarching negative sentiment that has affected various sectors within the cryptocurrency market.
3. Furthermore, the 2100NEWS Total Index (NWST1100), a comprehensive measure of the performance of 1100 significant crypto assets based on their market capitalization, has declined 1.84% over the last 24 hours, reflecting the market’s weakness.
4. Ether and Bitcoin have not been able to shield themselves from this market pressure. Over the past 24 hours, Ether’s value has experienced a decline of 0.85%, while Bitcoin’s price has decreased by 0.73%.

Helium (HNT)

Launched in July 2019, Helium is a decentralized wireless network that allows low-power smart devices to send and receive data to the internet. Miners earn HNT for providing network coverage and relaying data to the internet using Hotspot hardware.

The day’s top movers (at 9 am) were SwissBorg and Bluzell, surging by 27.69% since midnight. The cryptocurrency market has faced downward pressure within the past 24 hours, as evident from recent trends. Notably, the NWSBCT Index for Blue Chips, representing well-established and prominent cryptocurrencies, has undergone a consolidation phase following a drop. This downward pressure has also influenced the broader cryptocurrency market. The 2100NEWS Indices, which provide insights into the performance of various groups of tokens and coins, have reported losses ranging from 0.18% to 1.61% since the beginning of the day. This decline points toward a prevailing negative sentiment that spans different segments of the cryptocurrency market. Furthermore, the  2100NEWS Total Index (NWST1100), measuring the performance of 1100 significant crypto assets based on their market capitalization, has dropped by 1.80% over the last 24 hours. This decline in the total index emphasizes the overall weakness and downward trend observed in the broader cryptocurrency market during this timeframe. Both Ether and Bitcoin have not been immune to this market pressure. Over the last 24 hours, Ether’s value has fallen by 0.93%, and Bitcoin’s price has decreased by 0.61%.

Bluzelle (BLZ)

Bluzelle is a decentralized data network for dapps to manage data securely, tamper-proof, and highly scalable. Cosmos and its BFT technology Tendermint power Bluzellet.

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.