Movers of the Day 13-Oct-2023

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

Top movers of the day are Orbs and Holo which has surged 13.91% since 7 pm. Orbs has increased by 1.97%.

In the evening the crypto markets made a quite move up as illustrated by an adjacent chart showing the movement of the NWSBCT Index (Blue Chips) over the past 24 hours. 2100NEWS Indices ended between +0.82% and +1.89%. 2100NEWS Total Index (NWST1100) ended +1.30%. Bitcoin ended +1.05%, Ether ended +1.56%.

The criteria by 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.

Holo (HOT)

Holochain is a decentralized application platform that uses peer-to-peer networking for processing agent-centric agreement and consensus mechanisms between users. In Holochain, no true global consensus is maintained. Instead, each agent in the public blockchain maintains a private fork that is managed and stored in a limited way on the public blockchain with a distributed hash table. This enables every device on a network to function independently, and only requires the synchronization of data when necessary, or agreed upon by users. This could translate into higher scalability for dapps hosted on Holochain. The Holo ecosystem relies on hosts that provide processing and storage for distributed applications while earning redeemable credits. Holochain Dapps can be developed with JavaScript or Lisp, with support for front-end systems using CSS, HTML, and JavaScript.

7:10 p.m. update: Top movers of the day are Loom Network and Beta Finance which has increased by 10.41% since 2 pm. Loom Network is 5.89% higher. Orbs has increased by 1.55%. The crypto markets trended sideways. In the last 24 hours 2100NEWS Indices have increased up to 1.80%. 2100NEWS Total Index (NWST1100) is 0.75% higher. Bitcoin has increased by 0.42%, Ether even by 1.18%.

Beta Finance (BETA) 

Beta Finance is a permissionless money market on Ethereum for borrowing, lending, and shorting crypto assets. It allows users to access a scalable and accessible money market where tokens can be listed permissionless and automatically and where users can short these tokens. Beta Finance plans to launch on additional layer one and layer two solutions after its Ethereum Mainnet launch. Users have three options: lending, borrowing, and shorting. Lenders can lend crypto assets for any market on Beta Finance and earn interest on it. Borrowers can take the contrary position, while short-sellers can use collateral to initiate short positions. Unlike centralized exchanges, Beta Finance does not use an order book to execute shorts but routes the trade through decentralized exchanges that use automated market makers. As part of its Phase 2 launch, the platform plans to release permissionless money market creation.

Top Movers of the Day (2:10 p.m. update):

• Keep Network and Loom Network: Identified as top movers as of 2 p.m., these cryptocurrencies have showcased significant activities.
• Orbs: Displaying a remarkable surge, Orbs has risen by 19.71% since the 9 a.m. update, indicating a strong momentum or market sentiment behind it.

Overview: The overall crypto market landscape is stable, with select indices pointing to growth. However, dominant cryptocurrencies like Bitcoin and Ether have shown only slight changes over the last 24 hours. NWSBCT Index for Blue Chips: This index represents the major and more established cryptocurrencies, also called “Blue Chips,” in the crypto community. After a dip in the previous afternoon, it has shown resilience and has been on a recovery path, with a visible upward trend. This suggests that the “Blue Chips” of the cryptocurrency world, the more mature and reliable assets, are performing steadily. The 2100NEWS Indices, which track the performance of various groups of tokens and coins, have reported gains ranging from 0.31% to 1.09% since midnight. 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 experienced a minor decrease of 0.06% over the last 24 hours. Bitcoin and Ether: Bitcoin recorded a little decrease of 0.07%, while Ether has slightly decreased by 0.35% in the previous 24 hours.

Orbs (ORBS) 

Orbs is a public blockchain infrastructure designed for enterprises. Unlike private and permissioned blockchain solutions typically used for enterprise, the Orbs infrastructure is open and permissionless. The Orbs protocol is decentralized and executed by a public network of permissionless validators using Proof-of-Stake consensus. The Orbs protocol relies on the ORBS token used for the settlement of fees related to app execution. It provides the system of incentives used to elect validators in a secure and decentralized manner.

Top Movers of the Day (at 9:10 a.m.):

• Keep Network and Loom Network: These two cryptocurrencies have made significant movements and are noted as the top movers in the last 24 hours as of 9 a.m.
• Treshold: Another cryptocurrency to watch, Treshold has risen 13.18% since the update at midnight, marking it as another noteworthy mover.

Overview: Today’s cryptocurrency market remained stable; broader indices and significant coins like Bitcoin and Ether have experienced mild to moderate declines.

1.  NWSBCT Index for Blue Chips: This index represents the major and more established cryptocurrencies, also called “Blue Chips,” in the crypto community. The NWSBCT experienced several peaks and troughs indicative of volatility during this period. Notably, the index seems to recover after a sharp dip around mid-day and maintains a relatively stable range. By the end of the time frame, the index has been on an upward trend.
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 0.63% over the last 24 hours.
3. Bitcoin and Ether had contrasting performances. While Bitcoin recorded a slight decrease of 0.22%, Ether went the other way, declining by 1.55% in the last 24 hours.

Threshold (T)

Threshold cryptography is a revolutionary technology that uses cryptography to unlock more excellent 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.

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 and 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.