Movers of the Day 30-Oct-2023

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

Top Movers of the Day:

  • Polymesh and Ark continue to stand out, showcasing significant performance over the last day.
  • BitTorrent has emerged as a strong performer, registering an 11.23% increase since the 7 p.m. update.

Overview: Despite the usual ups and downs, the crypto market has displayed relatively stable price fluctuations throughout the day.NWSBCT Index for Blue Chips: Looking at the more established cryptocurrencies, colloquially known as the “Blue Chips,” the NWSBCT Index has seen a combination of upward surges and downward trends, as evident in the chart. While there was optimism during the morning, mid-day brought about a bearish mood, which later transitioned into a steadier, more positive sentiment in the evening. The 2100NEWS Indices:  The collection of indices from 2100NEWS, which observes different crypto sectors, recorded gains between 0.49% and 1.71% since 7 p.m. 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 experienced a minor increase of 0.08% over the last day. Bitcoin and Ether Bitcoin has declined by 0.60%, while Ether has increased by 0.23% over the same duration.

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.

 

BTT

BitTorrent(New) (BTT)

2100NEWS ranking: 76, Large-cap Non-Ethereum-based Token, Index member: NWST1100, NWSL100, NWSTo100, NWSOT50
2100NEWS DA Orderbook Quality Evaluation Grade: Poor, Score: 15 (Average for Large-caps: 18.2)

BitTorrent is a pioneering distributed communication protocol invented by Bram Cohen in 2001. As a peer-to-peer protocol, it facilitates the transfer of large, highly demanded files, eliminating the need for a trusted central server. The BitTorrent protocol enables client software endpoints (“clients”) to collaborate with each other to enable reliable simultaneous distribution of large files to multiple clients, reducing reliance on any single weak point (such as a server connection). It does this by attempting to efficiently use every client’s upload and download bandwidth to balance peer-to-peer content delivery across all clients.

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

  • Polymesh has been identified as one of the standout performers in the last 24 hours.
  • Ark has not only been a significant riser in the past 24 hours but has also seen a noteworthy rise of 10.70% since the 2 p.m. update.

Overview: The crypto market, in its entirety, has showcased stability with minimal price variations over the past 24 hours.

  1. NWSBCT Index for Blue Chips: Looking at the more established cryptocurrencies, colloquially known as the “Blue Chips,” the NWSBCT Index has moved sideways for most of the past 24 hours. While a bullish momentum was evident in the morning hours, this surge waned by afternoon, as reflected in the adjacent chart.
  2. 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 decreased by 0.78% over the last 24 hours.
  3. Bitcoin and Ether have declined 0.91% and 0.25%, respectively, over the same duration.
ARK

Ark (ARK)

2100NEWS ranking: 205, Mid-cap, Index member: NWST1100, NWSM200, NWSCo100
2100NEWS DA Orderbook Quality Evaluation Grade:  Poor, Score: 12.6 (Average for Coins: 15.6)

ARK is a cryptocurrency and blockchain-based development platform allowing anyone to create their own fully customizable and interoperable blockchain and reducing the industries’ need for Smart Contracts by using custom transactions, logic, and multiple programming languages. ARK aims to solve the difficulty of working with blockchain technology and developing solutions that satisfy various use cases. The ARK Core Framework gives developers easier access to blockchain technology. This framework consists of the ARK Core, which acts as the backbone of an ARK-based network, peer-to-peer handling operations, ledger database management, API access, and custom business logic.

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

  • Bluzelle and Ark have shown significant rises over the last 24 hours, making them the standout performers.
  • SPACE ID is another notable mention, with a substantial 17.32% rise since the morning update.

Overview: The broader crypto market has remained mostly stable, with minimal fluctuations over the past 24 hours, indicating resilience. NWSBCT Index for Blue Chips: Looking at the more established cryptocurrencies, colloquially known as the “Blue Chips,” the NWSBCT Index has moved sideways for most of the past 24 hours. However, a noticeable downward trajectory was observed, bottoming out around 7 a.m. This was followed by a robust upward trend, resulting in a U-shaped recovery, indicative of a potential trend reversal. 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 slightly increased by 0.25% over the last 24 hours. Bitcoin and Ether have shown positive momentum, with growth rates of 0.82% and 1.05%, respectively, during the same period.

ID

SPACE ID (ID)

2100NEWS ranking: 223, Mid-cap Ethereum-based Token, Index member: NWST1100, NWSM200, NWSDM100
2100NEWS DA Orderbook Quality Evaluation Grade:  Excellent, Score: 18, (Average for Mid-caps: 13.3)

The ID token serves as an essential part of the growth and sustainability of the SPACE ID ecosystem, incentivizing users to engage with the project and contribute to its success. With the launch of ID, SPACE ID is poised to become a leader in the Web3 industry, providing users with an even more well-rounded platform for managing their digital identities.

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

  • Bluzelle and Smooth Love Potion have made significant gains over the past 24 hours, leading the charge.
  • Tellor is also catching attention with a 14.36% increase since midnight.

Overview: Overall, the cryptocurrency market has been mostly stable over the past 24 hours, with little movement in either direction.

  1. NWSBCT Index for Blue Chips: Focusing on the more established cryptocurrencies, colloquially known as the “Blue Chips,” the NWSBCT Index indicates a sideways trend over the past 24 hours. It had a bullish movement until midnight, followed by a slight decline.
  2. The 2100NEWS Indices:  The collection of indices from 2100NEWS, which observes different crypto sectors, recorded losses between -0.36% and -1.34% since midnight.
  3. 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 slightly increased by 0.49% over the last 24 hours.
  4. Bitcoin and Ether recorded slight increases, with 0.36% and 0.32% growth, respectively, indicating stability in the major cryptocurrencies during the same period.
TRB

Tellor (TRB)

2100NEWS ranking: 194, Mid-cap Ethereum-based Token, Index member: NWST1100, NWSM200, NWSDM100
2100NEWS DA Orderbook Quality Evaluation Grade: Poor, Score: 12 (Average for Mid-caps: 13.4)

Tellor is a decentralized Oracle for bringing high-value off-chain data onto Ethereum. The system utilizes a network of staked miners that compete to solve a PoW challenge to submit the official value for requested data. Tokens are mined with every successful Tellor data point, and the company takes a 10% dev share to support the development of the ecosystem.

 

SLP

Smooth Love Potion (SLP)

2100NEWS ranking: 234, Mid-cap Ethereum-based Token, Index member: NWST1100, NWSM200
2100NEWS DA Orderbook Quality Evaluation Grade: Good, Score: 16.9, (Average for Mid-caps: 13.3)

Small Love Potion is an ERC-20 token that can be used on the Ethereum blockchain. Axie Infinity is a game (dapp) that runs on the Ethereum blockchain, where users can collect, raise, breed, and battle virtual creatures called axies. Axies are similar to real-life pets, and each one has its own unique traits and appearance.

 

ONG

Ontology Gas (ONG)

2100NEWS ranking: 311, Small cap Non-Ethereum-based Token, Index member: NWST1100, NWSS300, NWSOT50
2100NEWS DA Orderbook Quality Evaluation Grade: Ordinary, Score: 13.8, (Average for Non-Ethereum-based Tokens: 13.9)

Ontology is a high-performance, open-source blockchain specializing in digital identity and data. Ontology’s infrastructure supports robust cross-chain collaboration and Layer 2 scalability, offering businesses the flexibility to design a blockchain that suits their needs. With a suite of decentralized identity and data sharing protocols to enhance speed, security, and trust, Ontology’s features include ONT ID, a mobile digital ID application and DID use throughout the ecosystem, and DDXF, a decentralized data exchange and collaboration framework.

 


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