Movers of the Day 24-Oct-2023

October 24, 202314min191

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

Top Movers of the Day 

  • Mina Protocol and Conflux Network were the top performers in the last 24 hours, outshining other digital assets.
  • Kadena has risen by 6.17% since the 7 p.m. update.

Overview:  Bitcoin’s 7.15% uptick has undeniably influenced the trajectory of other digital assets. Its ascendancy has likely spurred optimism across the market, with other cryptocurrencies witnessing an upward momentum, followed by consolidation on the last day. NWSBCT Index for Blue Chips: This index represents the major and more established cryptocurrencies, also called “Blue Chips,” in the crypto community and has soared in the last 24 hours, as illustrated on the adjacent chart.   A notable surge was observed, culminating in a peak around the early morning at 5 a.m. Subsequently, the index found its equilibrium, oscillating within a certain price bandwidth. 2100NEWS Total Index (NWST1100): Representing a broad spectrum of the crypto market, this index tracks 1100 significant cryptocurrencies based on their market cap and has recorded a healthy 5.31% growth. This demonstrates the prevailing buoyant sentiment, not just restricted to the industry titans but permeating the entire spectrum of digital assets in the last day. Bitcoin and Ether: Bitcoin marked a commendable ascent, registering a 7.15% growth, whereas Ethereum’s Ether followed suit with a 3.61% increase.

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.

 

KDA

Kadena (KDA)

2100NEWS ranking: 211, Mid-cap, Index member: NWST1100, NWSM200, NWSCo100
2100NEWS DA Orderbook Quality Evaluation Grade: Poor, Score: 10.6 (Average for Coins: 15.6)

Kadena’s hybrid blockchain platform comprises a public blockchain, a permissioned network, and the Pact smart contract language.

 

Top Movers of the Day (at 7 p.m. update):

  • Mina Protocol and Conflux Network were the top performers in the last 24 hours, outshining other digital assets.
  • Stratis has risen by 11.67% since the 2 p.m. update.

Overview: The cryptocurrency market has been bullish in the last 24 hours, with Bitcoin and Ether registering notable gains, reinforcing the positive sentiment in the crypto sphere.

  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 soared in the last 24 hours, as illustrated on the adjacent chart. After an initial surge from around 8 p.m., it reached a zenith close to 5 a.m. Post the peak, the index stabilized and has been in a consolidation phase.
  2. The 2100NEWS Indices: The array of indices provided by 2100NEWS, mapping the movements of varied token and coin clusters, presents a cheering picture. The synchronized uptrend, with gains ranging from 1.95% to 6.44% since midnight, is a positive sign. It indicates a broad-based bullish sentiment across different crypto segments.
  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 6.40% over the last 24 hours.
  4. Bitcoin and Ether: Bitcoin continues dominating the market, rallying 10.54%. Its strong performance indicates an overall positive sentiment and might catalyze other cryptocurrencies. Ether has also shown its strength, posting a gain of 5.62% over the past 24 hours.

 

STRAX

Stratis (STRAX)

2100NEWS ranking: 161, Mid-cap, Index member: NWST1100, NWSM200, NWSCo100, NWSDM100
2100NEWS DA Orderbook Quality Evaluation Grade:  Poor, Score: 14 (Average for Coins: 15.6)

Stratis is a cryptocurrency used on a platform that provides flexible and affordable end-to-end solutions. These solutions can be applied to the experiment, construction, and deployment of C# blockchain applications based on the .net framework. They are also attached to users’ needs at a quite competitive price.

 

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

  • Mina Protocol and Polymesh were the top performers in the last 24 hours, outshining other digital assets. Mina Protocol stood out with an impressive ascent of 59.15% since the 9 a.m. update.

Overview:  Bitcoin continues to assert its dominant presence, charting a formidable surge of 12.74%. Such a decisive move by the leading cryptocurrency usually sets the tone for the entire market, reflecting widespread optimism. The cryptocurrency market is experiencing a widespread bullish phase, with leading and emerging digital assets contributing to the rally. NWSBCT Index for Blue Chips: This index represents the major and more established cryptocurrencies, also called “Blue Chips,” in the crypto community and has soared in the last 24 hours, as illustrated on the adjacent chart. We can see a sharp rally, reaching a zenith close to 5 a.m. The price seemed to consolidate, with minor pullbacks but no significant declines. The 2100NEWS Indices: The array of indices provided by 2100NEWS, mapping the movements of varied token and coin clusters, presents a cheering picture. Gains registered span from 3.38% to a commendable 8.66% since midnight. This points towards a synchronized uptrend among different cryptocurrency factions. 2100NEWS Total Index (NWST1100): Representing a broad spectrum of the crypto market, this index tracks 1100 significant cryptocurrencies based on their market cap. The NWST1100’s robust performance of a 10.09% rise reaffirms the bullish sentiment pervading the market. Bitcoin and Ether: Alongside Bitcoin’s commendable rally, Ether hasn’t been left behind. It has posted a significant gain of 9.51%, reinforcing that major cryptocurrencies are driving this market optimism in the last 24 hours.

 

MINA

Mina (MINA)

2100NEWS ranking: 64, Large-cap, Index member: NWST1100, NWSL100, NWSCo100
2100NEWS DA Orderbook Quality Evaluation Grade:  Ordinary, Score: 17.5 (Average for Large-caps: 18.2)

Mina Protocol is a minimal “succinct blockchain” built to curtail computational requirements to run DApps more efficiently. Mina has been described as the world’s lightest blockchain since its size is designed to remain constant despite growth in usage. Furthermore, it remains balanced in terms of security and decentralization. The project was rebranded from Coda Protocol to Mina in October 2020.

 

 

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

  • Mina Protocol and Polymesh have emerged as standout performers today, dwarfing the accomplishments of other digital assets. In the last 24 hours, Mina Protocol posted a robust gain of 25.42% since midnight.

Overview:  The cryptocurrency market has been buoyant in the last 24 hours, with Bitcoin leading the rally by surging 10.54%. This positive sentiment is reflected across various metrics and indices, highlighting the bullish undertones.

  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 soared in the last 24 hours, as illustrated on the adjacent chart. We can see a decisive uptrend from around 8 p.m., reaching a zenith close to 5 a.m. A modest decline ensued after this peak.
  2. The 2100NEWS Indices: The array of indices provided by 2100NEWS, mapping the movements of varied token and coin clusters, presents a cheering picture. Gains registered span from 1.61% to a commendable 6.74% since midnight. This points towards a synchronized uptrend among different cryptocurrency factions.
  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 7.73% over the last 24 hours, testifying to the prevailing market optimism.
  4. Bitcoin and Ether: Bitcoin has rocketed 10.54%, and its counterpart, Ether, has also posted an impressive gain of 7.31% in the last 24 hours.

 

 

POLYX

Polymesh (POLYX)

2100NEWS ranking: 190, Mid-cap Coin, Index member: NWST1100, NWSM200, NWSCo100
2100NEWS DA Orderbook Quality Evaluation Grade: Poor, Score: 12.8, (Average for Mid-caps: 13.3)

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.

 

 



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