Movers of the Day 20-Sep-2023

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

The day’s top movers are WEMIX and Loom Network, rising by 4.72% since 7 p.m.

The cryptocurrency market has continued to exhibit stability with minor price movements over the last day. Here are the essential details:

1. The NWSBCT Index for Blue Chips, representing prominent cryptocurrencies, often called Blue Chips in the crypto space, has trended sideways, as illustrated in the adjacent 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 seen a slight decrease of 0.24% over the last 24 hours. A decrease of this magnitude suggests a relatively stable market environment, with no significant shifts in sentiment.
3. In the same 24-hour period, Bitcoin (BTC) has experienced a minor increase of 0.05%, while Ether (ETH) has fallen by 0.84%.

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.

 

Loom Network (LOOM)

2100NEWS ranking: 283, Mid-cap Ethereum-based Token, Index member: NWST1100, NWSM200

2100NEWS DA Orderbook Quality Evaluation Grade:  Ordinary, Score: 13.3 (Average for Mid-caps: 13.4)

Loom Network is a Platform as a Service built on top of Ethereum, allowing developers to run large-scale decentralized applications. This lets developers build DApps with the trust and security of the world’s most secure public blockchain, along with the computing resources necessary to run commercial-scale services. Like Filecoin tokenized disk space, Loom aims to be the tokenized application protocol of the new decentralized web.

The top movers of the day at 19:10 are Loom Network and Merit Circle. Since 2 p.m., Loom Network has increased by 5.09%, Merit Circle is 5.31% higher. The crypto markets trended sideways, as illustrated by an adjacent chart showing the NWSBCT Index (Blue Chips) movement over the past 24 hours. In that time, the tokens built on Ethereum measured by 2100NEWS Ethereum Based Index (NWSET100) have fallen by 0.58%. 2100NEWS Total Index (NWST1100) is 0.58% lower. Bitcoin has decreased by 0.35%, Ether even by 1.32%.

 

The day’s top movers (at 2 p.m.) are Loom Network and WEMIX, surging by 21.60% since 9 a.m. Over the last 24 hours, the cryptocurrency market has had modest price movements. Here are the essential details: The NWSBCT Index for Blue Chips, representing prominent cryptocurrencies, often called Blue Chips in the crypto space, has trended sideways. The 2100NEWS Total Index (NWST1100), reflecting the overall market sentiment by tracking the performance of 1100 significant cryptocurrencies based on their market capitalization, has seen a modest decrease of 0.55% over the last 24 hours. A decrease of this magnitude suggests a relatively stable market environment, with no significant shifts in sentiment. In the same 24-hour period, Bitcoin (BTC) has experienced a slight decrease of 0.32%, while Ether (ETH) has fallen by 0.99%. Although Ether’s decrease is slightly more significant than Bitcoin’s, it is still a moderate movement.

 

WEMIX (WEMIX)

2100NEWS ranking: 171, Mid-cap Non-Ethereum-based Token, Index member: NWST1100, NWSM200, NWSOT50, NWSDM100

2100NEWS DA Orderbook Quality Evaluation Grade: Extremely Weak, Score: 9 (Average for Non-Ethereum-based Tokens: 13.9)

Wemix is a blockchain-based Global Gaming Platform developed by Wemade Tree, a subsidiary company of WEMADE as its flagship blockchain gaming services arm. “Wemix” is a platform for gaming dApps providing users with wallets and a marketplace for digital assets (fungible tokens, non-fungible tokens). Wemix envisions nurturing a blockchain gaming ecosystem with users’ “experiential value” at the core while existing blockchain gaming projects focus on digital asset exchange. Core competencies for Wemix setting a new standard in the blockchain gaming scene are: “Sustainability” Wemade has been serving the global gaming industry for over 20 years; “Substance” Wemade has reached more than 600 million users worldwide with global mega-hit game titles, including ChuanQi (Legend of Mir); “Support” Wemade has ten subsidiaries and 10+ investments made into gaming companies with resources accessible for Wemix; “Scalability” Wemix platform adopted a hybrid “multi-chain” infrastructure (public-bridge-private) to address inherent scalability and transaction cost issues.

 

The day’s top movers (at 9 a.m.) were Ark and Loom Network, rising by 12.30% since midnight. Over the last 24 hours, the cryptocurrency market has trended sideways. Here are the essential details:

1. The NWSBCT Index for Blue Chips, representing prominent cryptocurrencies, often called Blue Chips in the crypto space, has trended sideways.
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 seen a modest increase of 0.56% over the last 24 hours, indicating a relatively stable market.
3.  In the same 24-hour period, Bitcoin (BTC) has risen by 0.88%, while Ether (ETH) has experienced a slight decrease of 0.13%.

 

Tellor (TRB)

2100NEWS ranking: 378, Small cap Ethereum-based Token, Index member: NWST1100, NWSS300

2100NEWS DA Orderbook Quality Evaluation Grade: Ordinary, Score: 12 (Average for Small caps: 9.9)

Tellor is a decentralized Oracle for bringing high-value off-chain data onto Ethereum. The system utilizes a network of staked miners that compete to solve a PoW challenge to submit the official value for requested data. Tokens are mined with every successful Tellor data point, and the company takes a 10% dev share to support the development of the ecosystem.

 

Ark (ARK)

2100NEWS ranking: 253, Mid-cap, Index member: NWST1100, NWSM200, NWSCo100

2100NEWS DA Orderbook Quality Evaluation Grade:  Poor, Score: 12.6 (Average for Coins: 15.5)

ARK is a cryptocurrency and blockchain-based development platform allowing anyone to create their own fully customizable and interoperable blockchain and reducing the industries’ need for Smart Contracts by using custom transactions, logic, and multiple programming languages. ARK aims to solve the difficulty of working with blockchain technology and developing solutions that satisfy various use cases. The ARK Core Framework gives developers easier access to blockchain technology. This framework consists of the ARK Core, which acts as the backbone of an ARK-based network, peer-to-peer handling operations, ledger database management, API access, and custom business logic.