Movers of the Day 27-Sep-2023

September 27, 202312min330

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

The day’s top movers are Terra and Tellor, rising by 16.53% since 7 p.m.; it has soared 317% in September.

Over the last day, the cryptocurrency market has continued stability after a spike at 2 a.m. 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 after a spike, 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 increase of 0.31% over the last 24 hours, indicating a modest overall uptick in the cryptocurrency market during this period.
  3. In the same 24-hour period, Bitcoin (BTC) has increased slightly by 0.35% and Ether (ETH) by 0.38%.

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.

 

TRB

Tellor (TRB)

2100NEWS ranking: 225, Mid-cap Ethereum-based Token, Index member: NWST1100, NWSM200
2100NEWS DA Orderbook Quality Evaluation Grade: Poor, Score: 12 (Average for Mid-caps: 13.4)

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.

 

 

The top movers of the day at 19:10 are Tellor and ThunderCore. Since 2 p.m., Tellor has increased by 8.05%, and ThunderCore is 2.36% higher. In the afternoon, the crypto markets came back to the morning levels. According to yesterday’s closings, the large caps measured by 2100NEWS 100 Large Cap Index (NWSL100) have increased by 0.44%. 2100NEWS Total Index (NWST1100) is 0.35% higher. Bitcoin has increased by 0.22%, Ether even by 0.58%.

 

The day’s top movers (at 2 p.m.) are Tellor and Terra, surging by 23.51% since 9 a.m. The cryptocurrency market has seen a notable uptrend in the past 24 hours, with major cryptocurrencies like Bitcoin and Ether leading the way. Here are the essential details: The NWSBCT Index for Blue Chips, representing prominent cryptocurrencies, often called Blue Chips in the crypto space, jumped in the past 24 hours. The 2100NEWS Indices, which track the performance of various groups of tokens and coins, have reported gains ranging from 0.88% to 2.31% since midnight, suggesting that a wide range of cryptocurrencies, not just the major ones, have seen positive price movements. The 2100NEWS Total Index (NWST1100), reflecting the overall market sentiment by tracking the performance of 1100 significant cryptocurrencies based on their market capitalization, has surged by 1.80% over the last 24 hours, indicating that the broader cryptocurrency market has experienced a substantial increase in value during this time. In the same 24-hour period, Bitcoin (BTC) has surged by 2.45% and (ETH) by 1.89%.

 

LUNA

Terra (LUNA)

2100NEWS ranking: 267, Mid-cap, Index member: NWST1100, NWSM200, NWSCo100
2100NEWS DA Orderbook Quality Evaluation Grade:  Extremely Weak, Score: 6.1 (Average for Coins: 15.5)

Terra (LUNA) is a public blockchain protocol that emerged from Terra Classic. Terra Classic is home to the algorithmic stablecoin TerraClassicUSD (UST). Its now-renamed LUNC token collateralized UST, which crashed in a bank run in May 2022. That devalued LUNA to virtually zero and caused the launch of a new chain — resulting in Terra Classic and Terra.

 

The day’s top movers (at 9 a.m.) were Tellor and Moonbeam, rising by 8.12% since midnight. The cryptocurrency market has remained relatively calm and stable, with relatively low volatility in the last 24 hours. 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 in the past 24 hours.
  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 slightly by 0.18% over the last 24 hours.
  3. In the same 24-hour period, Bitcoin (BTC) has experienced a slight decrease of 0.14%, while Ether (ETH) has increased by 0.24%.

 

GLMR

Moonbeam (GLMR)

2100NEWS ranking: 144, Mid-cap , Index member: NWST1100, NWSM200, NWSCo100
2100NEWS DA Orderbook Quality Evaluation Grade:  Good, Score: 19.2 (Average for Coins: 15.5)

Moonbeam offers an Ethereum-like environment on top of Substrate (rather than a Geth-based solution). This lets developers redeploy their existing smart contracts easily, using the same tools and integrations they already use, and take advantage of the modern Substrate framework on which all Polkadot parachains are built. The Moonbeam network makes it possible for developers with Solidity or Vyper-based smart contracts to “go multi-chain” and extend their influence into the Polkadot ecosystem. Polkadot’s blockchain ensures seamless sharing of workloads on a new layer. Through Moonbeam, developers can port their existing Ethereum DApps to Polkadot or easily create new permissionless decentralized applications (dApps) using familiar Ethereum development tools. The tools on Moonbeam ensure minimal change when front-end dApps are moved between chains. By using Moonbeam, Ethereum developers (the largest market of existing blockchain developers) will be able to bypass the scalability challenges due to the expense and constraints of the Ethereum network.

 

LOOM

Loom Network (LOOM)

2100NEWS ranking: 207, Mid-cap Ethereum-based Token, Index member: NWST1100, NWSM200, NWSDM100
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.

 



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