Movers of the Day 2-Nov-2023

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

Top Movers of the Day:

• Osmosis and MovieBlock are the leading cryptocurrencies in terms of growth over the last day. MovieBlock, in particular, has experienced an increase of 6.89% since the previous evening update.

Overview: The crypto market has pulled back from recent gains over the last day. NWSBCT Index for Blue Chips: Looking at the more established cryptocurrencies, colloquially known as the “Blue Chips,” the NWSBCT Index has witnessed a downturn. As the chart shows, there was a peak in the early hours of the day, followed by a consistent downtrend for most of the day. 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 retraced by 1.33% over the last day. Bitcoin and Ether have experienced retracements, with Bitcoin dropping by 1.31% and Ether seeing a more significant dip of 2.52% during the same period.

7:10 p.m. update: The top movers of the day are Mask Network and Secret Network, which has increased by 5.53% since 2 p.m. Mask Network is 3.81% higher.

In the afternoon, the crypto markets turned down over the past 24 hours. Since 2 p.m., 2100NEWS Indices have fallen between 1.31% and 3.48%. 2100NEWS Total Index (NWST1100) is 1.93% lower. Bitcoin has decreased by 1.78%, Ether by 1.84%.

Secret (SCRT)

Secret Network is the first blockchain with privacy-preserving smart contracts. That means applications built on Secret can utilize encrypted data without revealing it to anyone, even the nodes in the network. For the first time, Secret Network allows developers to build powerful, permissionless, privacy-preserving applications – Secret Apps.

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

• Beldex and PancakeSwap are the standout cryptocurrencies for the past 24 hours.
• Pundi X (News) has risen by 12.08% since the 9 a.m. update.

Overview:  Over the last 24 hours, the crypto market has consolidated after the Federal Reserve held interest rates unchanged. NWSBCT Index for Blue Chips: Focusing on the more established cryptocurrencies, colloquially known as the “Blue Chips.” The NWSBCT Index, as evident in the chart, surged leading up to 4 a.m., likely due to market speculation around the Federal Reserve’s decision. After that, the index showed price stabilization after some fluctuations. The 2100NEWS Indices: The collection of indices from 2100NEWS, which observes different crypto sectors, recorded gains between 0.33% and 1.40% 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 and has surged by 2.47% in the last 24 hours. Bitcoin and Ether maintained the positive momentum observed in the broader market. Bitcoin’s price surged by 2.12%, while Ether registered a 1.57% growth during the same period.

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

• Beldex and SushiSwap are the leading cryptocurrencies in terms of growth over the last 24 hours.
• MovieBloc has experienced a significant surge of 22.83% since midnight.

Overview:  Over the last 24 hours, this positive trend is believed to result from the Federal Reserve’s decision to hold interest rates steady. Such decisions have historically been shown to affect alternative assets, including cryptocurrencies. The market’s robust response to decisions made by institutions like the Federal Reserve can directly affect the crypto market.

1. NWSBCT Index for Blue Chips: Focusing on the more established cryptocurrencies, colloquially known as the “Blue Chips.” The NWSBCT Index showed an apparent anticipation of the Federal Reserve’s decision, surging from 4 p.m. and peaking around 4 a.m. While it receded slightly after the peak, it maintained a stable position.
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 surged by 2.62% in the last 24 hours.
3. Bitcoin and Ether also followed the positive trend. Bitcoin saw a 2.38% increase, while Ether’s growth stood at 1.57% during the same period.