Movers of the Day 20-Oct-2023

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

Top movers of the day are HEX and Polymesh. Since 7 pm HEX has increased by 10.60%, Polymesh by 2.36%.

The crypto markets finished the day higher as illustrated by an adjacent chart showing the movement of the NWSBCT Index (Blue Chips) over the past 24 hours. 2100NEWS Indices ended between +1.20% and +4.34%. 2100NEWS Total Index (NWST1100) ended +3.14%. Bitcoin ended +3.36%, Ether ended +2.67%.

The criteria upon which these specific cryptocurrencies and indices have been highlighted are detailed in supplemental notes. The provided data offers a snapshot until 7:10 p.m. in the last 24 hours. Therefore, it may not accurately represent the current market conditions at the time of your inquiry.

HEX (HEX)

HEX is an ERC20 token launched on the Ethereum network. HEX is designed to be a store of value to replace the Certificate of Deposit as the blockchain counterpart of that financial product used in traditional financial markets. HEX is also designed to leverage the emerging DeFi (Decentralised Finance) ecosystem in cryptocurrencies within the Ethereum network. HEX uses the Ethereum network for the transaction layer (sending and receiving HEX tokens and interacting with the HEX smart contract). At the same time, the consensus code and staking mechanism are contained in the HEX smart contract.

7:10 p.m. update: Top movers of the day are Polymesh and Wall Street Memes. Since 2 pm Polymesh has increased by 14.42%, Wall Street Memes is 13.83% higher.

The crypto markets trended sideways. In the last 24 hours the large caps measured by 2100NEWS 100 Large Cap Index (NWSL100) have increased by 3.18%. 2100NEWS Total Index (NWST1100) is 2.95% higher. Similarly, Bitcoin has increased by 2.97%, Ether by 2.55%.

Polymesh (POLYX)

Polymesh is an institutional-grade permissioned blockchain built specifically for regulated assets. It streamlines antiquated processes and opens the door to new financial instruments by solving the challenges around governance, identity, compliance, confidentiality, and settlement.

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

• Rootstock Infrastructure Framework and Bitcoin SV have outperformed other cryptocurrencies in the previous 24 hours, and RIF has seen a remarkable surge of 26.50% since the 9 a.m. update.

Overview: The crypto market has displayed a robust upward momentum over the last 24 hours, reflecting a bullish sentiment among investors and traders. NWSBCT Index for Blue Chips: This index represents the major and more established cryptocurrencies, also called “Blue Chips,” in the crypto community and has showcased a sharp uptrend, particularly noticeable after 3 a.m. The 2100NEWS Indices, which track the performance of various groups of tokens and coins, have reported gains ranging from 1.56% to 4.24% since midnight, demonstrating that the bullish sentiment is widespread and not limited to just a few cryptos. 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 soared 4.54% over the last 24 hours, emphasizing the market’s bullish stance. Bitcoin and Ether have registered substantial gains. Bitcoin soared 5.13%, and Ether closed behind at 3.93% in the last 24 hours.

Rootstock Infrastructure Framework (RIF)

RIF aims to create the building blocks to construct a fully decentralized internet. All RIF services are designed to facilitate the interaction of the global developers and blockchain technology community.

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

• Powerledger and Bitcoin SV have outperformed other cryptocurrencies in the given timeframe, with Bitcoin SV recording an impressive surge of 24.86% since midnight.

Overview: The crypto market has seen a significant uptick in the last 24 hours.

1.  NWSBCT Index for Blue Chips: This index represents the major and more established cryptocurrencies, also called “Blue Chips,” in the crypto community and has showcased a bullish trend. The uptrend was particularly noticeable after 3 a.m.
2. The 2100NEWS Indices, which track the performance of various groups of tokens and coins, have reported gains ranging from 0.52% to 2.95% since midnight, reflecting a positive movement across different cryptocurrency groups.
3. 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 soared 3.08% over the last 24 hours, reflecting the broader market’s positive movement.
4. Bitcoin and Ether have shown promising results. Bitcoin experienced a growth of 3.42%, and Ether followed closely with a 2.04% surge in the last 24 hours.

Bitcoin SV (BSV)

Bitcoin SV stands for Satoshi Vision. Stemming from Bitcoin Cash, BSV is a hard fork (community-activated update to the protocol or code) established as distinct from BCH after the network upgrade scheduled for November 15th, 2018, resulting in a hash war determining the chains would be split. According to their website, the Bitcoin SV project is primarily backed by CoinGeek Mining, with development work by nChain.