Movers of the Day 12-Oct-2023

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

Top Movers of the Day:

• Merit Circle and Loom Network: These two cryptocurrencies have made significant movements and are noted as the day’s top movers. Loom Network has surged 21.93% since the update at 7 p.m.

Overview: Today’s cryptocurrency market remained generally neutral, showing signs of both upward and downward movements without a decisive trend.

1.  NWSBCT Index for Blue Chips: This index represents the major and more established cryptocurrencies, also called “Blue Chips,” in the crypto community. The NWSBXT experienced several price fluctuations throughout the day, significantly dropping around noon. However, the price showed resilience and made a comeback, ending the day almost where it began.
2. 2100NEWS Total Index (NWST1100): Representing a broad spectrum of the crypto market, this index tracks 1100 significant cryptocurrencies based on their market cap. It has modestly decreased by 0.50% over the last 24 hours.
3. Bitcoin and Ether had contrasting performances. While Bitcoin recorded a marginal increase of 0.09%, Ether went the other way, declining by 1.81% in the last 24 hours.

The criteria upon which these specific cryptocurrencies and indices have been highlighted are detailed in supplemental notes. The provided data offers a snapshot until 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 are Loom Network and Threshold, which has increased by 5.19% since 2 p.m. Loom Network is 4.21% higher. Merit Circle has increased by 2.16%. In general, the crypto markets went down in the afternoon. Since 2 p.m., the large caps represented by 2100NEWS 100 Large Cap Index (NWSL100) have decreased by 0.64%. 2100NEWS Total Index (NWST1100) is 0.75% lower. Bitcoin has fallen by 0.60%, Ether even by 1.45%.

Threshold (T)

Threshold cryptography is a revolutionary technology that uses cryptography to unlock greater utility and usability for digital assets without needing to trust a centralized party. Threshold cryptography distributes sensitive operations across multiple independent entities – like nodes in a network – and requires a threshold or a minimum number of those entities to cooperate for the operation to be successful.

Top Movers of the Day (at 2 p.m.):

• Merit Circle and Loom Network: These two cryptocurrencies have made significant movements and are noted as the top movers as of 2 p.m.
• Everscale: Another cryptocurrency to watch, Everscale has increased 10.64% since the morning update at 9 a.m.

Overview: The cryptocurrency market has declined over the last 24 hours, followed by stabilization. The most recent update at 2 p.m. shows a noticeable drop compared to the status 24 hours prior.

Key Points: NWSBCT Index for Blue Chips: This index represents the major and more established cryptocurrencies, also called “Blue Chips” in the crypto community. This index showcases a bearish trend over the period. The noticeable decline followed by fluctuations below its starting value indicates this trend. Yet, the subtle recovery towards the latest update suggests that the market might show signs of resilience or a potential shift in trend direction. 2100NEWS Total Index (NWST1100): Representing a broad spectrum of the crypto market, this index tracks 1100 significant cryptocurrencies based on their market cap. It has fallen by 1.25% over the last 24 hours. Bitcoin and Ether have experienced drops of 1.49% and 1.46%, respectively, in the same duration.

Everscale (EVER)

Everscale is a scalable smart contract-based platform that is able to process 100k+ transactions per second, with sharding, dynamic multithreading, and low gas costs. Everscale aims to become the backbone for high-load applications with real use cases, as well as to be a hub connecting all popular blockchains together. Its fast-growing ecosystem includes all kinds of dApps: exchanges, bridges, non-custodial wallets, and GameFi applications.

The day’s top movers (at 9 a.m.) were Merit Circle and Loom Network, rising by 12.16% since midnight.

Overview:  The cryptocurrency market experienced a decline and then stabilized over the last 24 hours. As of 9 a.m., the market has slightly decreased compared to its status at 9 p.m. the day before.

Key Points:

1.  NWSBCT Index for Blue Chips: This index represents the major and more established cryptocurrencies, also called “Blue Chips,” in the crypto community. The day’s trajectory for this index began with a decline, hitting its lowest point around 3 p.m. However, the index remained relatively stable with slight fluctuations afterward. At the end of the 24-hour period, the index marked a value of 3.12, indicating a minor dip compared to its position at 9 p.m. the previous day.
2. 2100NEWS Total Index (NWST1100): Representing a broad spectrum of the crypto market, this index tracks 1100 significant cryptocurrencies based on their market cap. It has modestly decreased by 0.31% over the last 24 hours.
3. Bitcoin and Ether:
   • Bitcoin: The most dominant cryptocurrency by market capitalization has experienced a fall of 0.73% in the last 24 hours.
   • Ether: Contrasting Bitcoin’s performance, Ether, the flagship cryptocurrency of the Ethereum blockchain, recorded a modest increase of 0.57% in the same duration.

Request (REQ)

RequestNetwork is a decentralized network that enables anyone to request a payment securely. All of the information regarding the payment process is stored in a decentralized authentic ledger. Thanks to distributed blockchain technology, this process is cheaper, more straightforward, and more secure, allowing for a wide range of automation.