Movers of the Day 30-Aug-2023

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

The day’s top movers are API3 and Merit Circle, rising 6.47% since 7 p.m.

Over the last day, the cryptocurrency market has seen a retracement following a substantial surge. Here’s a concise overview of the key developments: The NWSBCT Index for Blue Chips, representing prominent cryptocurrencies, often called Blue Chips in the crypto space, has retraced. This adjustment is illustrated in the adjacent chart. The 2100NEWS Indices, which track the performance of various groups of tokens and coins, have reported gains ranging from 0.16 to 0.40% since 7 p.m. The 2100NEWS Total Index (NWST1100), reflecting the overall market sentiment by tracking the performance of 1100 significant cryptocurrencies based on their market capitalization, has fallen by 1.75% over the last day. Within the same 24-hour timeframe, both Ether (ETH) and Bitcoin (BTC) observed noteworthy price retractions. Ether saw a decline of 1.59%, while Bitcoin decreased by 1.40%.

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 day’s top movers (at 7 p.m.) were API3 and Merit Circle, rising 7.51% since 2 p.m. Over the past 24 hours, the cryptocurrency market has retraced after a significant surge. Here’s a summary of the key developments:

1. The NWSBCT Index for Blue Chips, representing prominent cryptocurrencies, often called Blue Chips in the crypto space, has retraced.
2. The 2100NEWS Indices, which track the performance of various groups of tokens and coins, have reported losses ranging from 1.61 to 3.20% since midnight.
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 undergone a 2.50% retracement over the last 24 hours.
4. Within the same 24-hour timeframe, both Ether (ETH) and Bitcoin (BTC) observed noteworthy price retractions. Ether saw a decline of 1.77%, while Bitcoin dipped by 2.60%.

The day’s top movers (at 2 p.m.) were API3 and Sei, rising 7.47% since 9 a.m. Over the past 24 hours, the cryptocurrency market consolidated after a significant surge caused by Grayscale winning a lawsuit against the SEC. Here’s a breakdown of the key points: The NWSBCT Index for Blue Chips, representing prominent cryptocurrencies, often called Blue Chips in the crypto space, consolidated after a significant surge. The 2100NEWS Indices, which track the performance of various groups of tokens and coins, have reported losses ranging from 0.78 to 2.21% since midnight. The 2100NEWS Total Index (NWST1100), reflecting the overall market sentiment by tracking the performance of 1100 significant cryptocurrencies based on their market capitalization, soared 4.67% over the last 24 hours. This indicates a strong positive sentiment and overall growth in the broader cryptocurrency market. Ether (ETH) and Bitcoin (BTC) both saw notable price increases during the same 24-hour period. Ether rose by 4.61%, while Bitcoin soared by 5.35%.

The day’s top movers (at 9 a.m.) were Sei and API3, rising 15.95% since midnight. Over the past 24 hours, the cryptocurrency market has consolidated after a significant surge caused by Grayscale winning a lawsuit against the SEC and getting a green light to launch the first Bitcoin exchange-traded fund in the US. The three-judge appeals panel ruled Grayscale’s petition for review be granted and the commission’s order be vacated. Here’s a breakdown of the key points:

1. The NWSBCT Index for Blue Chips, representing prominent cryptocurrencies, often called Blue Chips in the crypto space, has consolidated after a significant surge. Consolidation typically refers to a period of price stabilization or minor fluctuations after a rapid price increase.
2. The 2100NEWS Indices, which track the performance of various groups of tokens and coins, have reported losses ranging from 0.63 to 1.81% since midnight.
3. The 2100NEWS Total Index (NWST1100), reflecting the overall market sentiment by tracking the performance of 1100 significant cryptocurrencies based on their market capitalization, soared 4.50% over the last 24 hours. This indicates a strong positive sentiment and overall growth in the broader cryptocurrency market.
4. Ether (ETH) and Bitcoin (BTC) both saw notable price increases during the same 24-hour period. Ether rose by 4.38%, while Bitcoin soared by 5.32%.
5. Launching a Bitcoin ETF in the US is a significant development for the cryptocurrency industry as it provides a more regulated and accessible way for traditional investors to gain exposure to Bitcoin. This news appears to have positively impacted the market, as evidenced by the overall market sentiment and the price increases.

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.

Bitcoin Cash (BCH) 

Bitcoin Cash is a peer-to-peer electronic cash system that aims to become sound global money with fast payments, micro fees, privacy, and a larger block size. As a permissionless, decentralized cryptocurrency, Bitcoin Cash requires no trusted third parties. Bitcoin Cash was created as an alternative to the first and most valuable cryptocurrency — Bitcoin (BTC). In 2017, BCH developers modified the BTC code, releasing their software version and a full-fledged competitive product, which split Bitcoin into two blockchains: Bitcoin and Bitcoin Cash. Bitcoin Cash is a result of a hard fork in the blockchain due to differences in the community over Bitcoin scaling and the SegWit upgrade. Moreover, another hard fork, which divided Bitcoin Cash into two parts, Bitcoin ABC and Bitcoin SV, took place in the fall of 2018.

Syscoin (SYS)

As well as a cryptocurrency, Syscoin is meant to be a global network, a distributed ledger, a decentralized database, and a blockchain. Aiming to help developers create and implement decentralized applications and enable the development of custom decentralized marketplaces, Syscoin aims to cut out the middlemen of online retail.