Movers of the Day 5-Oct-2023

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

The day’s top movers are STP and Loom Network, rising by 13.17% since 7 p.m.

Over the last day, various significant cryptocurrencies have seen a decline in their prices, and the overall market index has also fallen. This decline is reflected in the NWSBCT Index for Blue Chips, representing prominent cryptocurrencies, often called Blue Chips in the crypto space, which has fallen, as shown in the chart nearby. 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 1.05% over the last 24 hours, indicating a broader negative sentiment in the cryptocurrency market. During this same time, Bitcoin (-0.84%) and Ether have both experienced drops, with Ether’s fall has been more significant at -1.76%.

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)

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 were Braintrust and Trust Wallet Token. Since 2 p.m., Braintrust has increased by 4.31%, Trust Wallet Token is 1.77% higher. In the afternoon, the crypto markets turned down. Since 2 p.m., the large caps represented by 2100NEWS 100 Large Cap Index (NWSL100) have decreased by 1.06%. Moreover, the 2100NEWS Total Index (NWST1100) is 1.18% lower. Bitcoin has fallen by 1.14%, Ether even by 1.50%.

Braintrust (BTRST)

Braintrust is the first decentralized talent network that connects highly skilled technical freelancers with the world’s most reputable brands like Nestle, Porsche, Atlassian, Goldman Sachs, and Nike. Braintrust’s unique business model allows talent to retain 100% of their earnings and enables organizations to spin up flexible, skilled teams on-demand at a fraction of the cost of traditional staffing firms. A blockchain token uniquely enables this new business model that limits fee extraction and enables community ownership.

The day’s top movers (at 2 p.m.) are STP and Loom Network, rising by 16.72% since 9 a.m. The cryptocurrency market has remained relatively stable, with minor fluctuations in the prices of major cryptocurrencies in the last 24 hours. Taking a closer look: 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 slightly increased by 0.19% over the last 24 hours. Bitcoin has risen by 0.98% during this same time, while Ether has experienced a modest decrease of 0.51%.

The day’s top movers (at 9 a.m.) were Loom Network and STP, rising by 11.75% since midnight. The cryptocurrency market has remained stable over the last 24 hours. Taking a closer look:

1. The NWSBCT Index for Blue Chips, representing prominent cryptocurrencies, often called Blue Chips in the crypto space, has trended sideways.
2. The 2100NEWS Indices, which track the performance of various groups of tokens and coins, have reported losses ranging from -0.03% to -0.53% since midnight.
3. On the other hand, the 2100NEWS Total Index (NWST1100), reflecting the overall market sentiment by tracking the performance of 1100 significant cryptocurrencies based on their market capitalization, has modestly increased by 0.53% over the last 24 hours.
4. Bitcoin has risen by 0.98% during this same time, while Ether has experienced a minor decrease of 0.05%.

STP (STPT)

Standard Tokenization Protocol is an open-source standard defining how tokenized assets are issued and transferred while complying with all necessary regulations. Tokens built on top of the STP-Standard will use the protocol’s on-chain Validator to verify compliance with any jurisdictional or issuer-specific requirements. Standard Tokenization Protocol allows assets to be tokenized in a way that makes them fully compliant across jurisdictions and transferable across any blockchain platform.

Trust Wallet Token (TWT)

Trust Wallet Token is a crypto developed by Trust Wallet. Trust Wallet stores your coins and tokens in a single, secure wallet. More than 40 blockchains and 160k+ assets are supported. Trust Wallet development team continues to add support for more cryptocurrencies every month.

Raydium (RAY)

Raydium is an automated market maker (AMM) platform built on Solana, where users can swap, trade, and provide liquidity to earn a yield on digital assets. However, unlike other AMM platforms, Raydium’s AMM provides on-chain liquidity to Serum’s central limit order book, meaning that Raydium’s users and liquidity pools have access to the order flow and liquidity of the entire Serum ecosystem and vice versa.