Movers of the Day 29-Sep-2023

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

Top movers of the day are JUST and Origin Protocol. Since 7 pm JUST has increased by 2.42%, Origin Protocol even by 8.00%.

Most cryptocurrencies finished the day higher as illustrated by an adjacent chart showing the movement of the NWSBCT Index (Blue Chips) over the past 24 hours. The large caps measured by 2100NEWS 100 Large Cap Index (NWSL100) ended +0.96%. 2100NEWS Total Index (NWST1100) ended +0.20%. Ether ended +0.92% while Bitcoin ended -0.53%.

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.

JUST (JST)

JUST aims to build a fair, decentralized financial system that provides stablecoin lending and governance mechanisms for users worldwide. JUST is a two-token system. The first token, USDJ, is a stablecoin pegged to the US Dollar at a 1:1 ratio and is generated by collateralizing TRX via JUST’s CDP portal. JST, the second token, can be used for paying interest, platform maintenance, participating in governance through voting, and other activities on the JUST platform. JUST allows all transactions, collateralization, and governance to be transparently executed on-chain. JUST is built on the TRON Network, the largest decentralized application ecosystem, and aims to provide a set of easy-to-use and transparent financial services for all its members.

Top movers of the day at 19:10 are Storj and Flamingo. Since 2 pm Storj has increased by 4.33%, Flamingo is 4.50% higher. The crypto markets trended sideways. In the last 24 hours the large caps represented by 2100NEWS 100 Large Cap Index (NWSL100) have increased by 0.83%. 2100NEWS 200 Mid Cap Index (NWSM200) which measures the performance of the mid caps is 0.15% higher. Ether has increased by 0.52% while Bitcoin has fallen by 0.97%.

Storj (STORJ)

Storj (pronounced: storage) aims to become a cloud storage platform that can’t be censored, monitored, or have downtime. It is the first decentralized, end-to-end encrypted cloud storage platform. Storj’s core technology is an enforceable, peer-to-peer storage contract. It’s a way for two people (or computers) to agree to exchange some amount of storage for money without knowing each other. We call the computer-selling space the “farmer” and the computer-purchasing space the “renter.” The renter and farmer meet, negotiate an agreement, and move data from the renter to the farmer for safekeeping.

The day’s top movers (at 2 p.m.) are Pepe and JUST. Sui has risen by 6.12% since 9 a.m. Over the past 24 hours, the cryptocurrency market has shown signs of consolidation. The NWSBCT Index for Blue Chips represents prominent cryptocurrencies, often called Blue Chips, in the crypto space. These leading cryptocurrencies have been consolidating, indicating relative price stability for this group. The 2100NEWS Indices, which track the performance of various groups of tokens and coins, have reported gains ranging from 0.05% to 2.24% since midnight. Additionally, 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 2.15% over the last 24 hours, signaling that the broader cryptocurrency market has experienced positive momentum during this period. In the previous 24 hours, Bitcoin has seen a price rise of 2.06% in the last 24 hours, while Ether has experienced an even more significant surge with a 2.92% increase.

Sui (SUI)

Sui is a permissionless layerone1 blockchain designed to be both developer and user-friendly. It can support a wide range of application development with unrivaled speed at low cost. Like most other blockchains,  Sui uses objects as its primary data storage unit rather than accounts. Developers define, create, and manage these programmable objects representing user-level assets. An object has distinct attributes, including ownership, whose values can be updated based on the governing logic of the smart contract that created it.

The day’s top movers (at 9 a.m.) were IOStoken and JUST, surging by 27.18% since midnight. The cryptocurrency market has consolidated over the last 24 hours. Let’s take a closer look at the key details:

1. The NWSBCT Index for Blue Chips, representing prominent cryptocurrencies, often called Blue Chips in the crypto space, has consolidated.
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 surged by 2.34% over the last 24 hours, indicating that the broader cryptocurrency market has experienced some positive momentum in the previous 24 hours.
3. In the previous 24 hours, Bitcoin has seen a price rise of 2.31% in the last 24 hours, while Ether has experienced an even higher surge with a 2.82% increase.

Compound (COMP)

Compound is an algorithmic, autonomous interest rate protocol built for developers to unlock a universe of open financial applications. Compound is a protocol on the Ethereum blockchain that establishes money markets, which are pools of assets with algorithmically derived interest rates based on the supply and demand for the asset. Suppliers (and borrowers) of an asset interact directly with the protocol, earning (and paying) a floating interest rate without having to negotiate terms such as maturity, interest rate, or collateral with a peer or counterparty.

Loom Network (LOOM)

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.