Movers of the Day 3-Nov-2023
Tokens and coins that moved the most in the last 24 hours:
Top movers of the day are Ren and Maple which has surged 20.16% while Ren has stayed the same. THORChain has increased by 9.78%.
Most cryptocurrencies 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 +0.17% and +3.57%. 2100NEWS Total Index (NWST1100) ended +0.38%. Ether ended +1.91% while Bitcoin ended -0.45%.
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.
Maple (MPL)
| 2100NEWS ranking: 636, Microcap Ethereum-based Token, Index member: NWST1100, NWSMi500 |
| 2100NEWS DA Orderbook Quality Evaluation Grade: Poor, Score: 3 (Average for Microcap: 6.4) |
Founded in 2019 and led by a team of former bankers and credit investment professionals aiming to improve upon legacy capital markets, Maple is an institutional capital network that provides the infrastructure for credit experts to run on-chain lending businesses and connects institutional lenders and borrowers. Built with both traditional financial institutions and decentralized finance leaders, Maple is transforming capital markets by combining industry-standard compliance and due diligence with the transparent and frictionless lending enabled by smart contracts and blockchain technology. Maple is the gateway to growth for financial institutions, pool delegates and companies seeking capital on-chain.
7:10 p.m. update: Top movers of the day are Ren and Rootstock Infrastructure Framework. Since 2 pm Ren has surged 54.18%, Rootstock Infrastructure Framework is 28.06% higher. Gas has increased by 3.57%.
The crypto markets trended sideways. In the last 24 hours the large caps represented by 2100NEWS 100 Large Cap Index (NWSL100) have decreased by 0.58%. Similarly, 2100NEWS Total Index (NWST1100) is 0.60% lower. Bitcoin has fallen by 0.95% while Ether is 0.06% higher.
Ren (REN)
| 2100NEWS ranking: 296, Mid-cap Ethereum-based Token, Index member: NWST1100, NWSM200 |
| 2100NEWS DA Orderbook Quality Evaluation Grade: Good, Score: 17.3 (Average for Mid-caps: 13.1) |
Ren is an open protocol meant to enable the permissionless and private transfer of value between any blockchRen’sRen’s core product, RenVM, is focused on bringing interoperability to decentralized finance (DeFi).
Top Movers of the Day (at 2 p.m. update):
- Gas and Osmosis have outperformed other cryptocurrencies, with Gas notably surging by 20.57% since the morning update.
Overview: The broader cryptocurrency market has significantly dipped in the past 24 hours. The causes behind this could range from investors cashing in on their gains. NWSBCT Index for Blue Chips: Focusing on the more established cryptocurrencies, colloquially known as the “Blue Chips.” The NWSBCT Index has shown a considerable decline since 2 p.m., emphasizing the bearish trend in the market. The 2100NEWS Indices: The collection of indices from 2100NEWS, which observes different crypto sectors, recorded losses between -0.21% and -0.93% 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 fell by 2.67% over the past 24 hours, pointing to a decline across a broad range of significant cryptocurrencies. Bitcoin and Ether have experienced retracements; Bitcoin’s plunge of 2.83% is slightly more pronounced than Ether’s 2.34% decline over the same time frame.
Gas (GAS)
| 2100NEWS ranking: 378, Small cap Non-Ethereum-based Token, Index member: NWST1100, NWSS300 |
| 2100NEWS DA Orderbook Quality Evaluation Grade: Good, Score: 13.3, (Average for Small caps: 9.8) |
GAS is a virtual currency that represents the right to use the blockchain. This coin is used to make payments for various systems on the blockchain. There are two built-in system assets, which are NEO and GAS. While NEO is described as the ownership of the blockchain, which is used for electoral accounting to obtain GAS dividends, GAS powers all transactions on the NEO system, similar to what ETH does with Ethereum. However, NEO is a vital factor for mining/staking, which accrues GAS. In other words, if users own NEO, they will get GAS.
Top Movers of the Day (at 9 a.m. update):
- Mask Network and Osmosis are the leading cryptocurrencies in terms of growth over the last 24 hours, showing positive momentum despite the broader market downturn.
- Trust Wallet Token has experienced a rise of 13.21% since midnight.
Overview: Over the last 24 hours, the broader cryptocurrency market has seen a pullback from recent advances. There’s a clear bearish sentiment, potentially due to investors being wary or capitalizing on their gains, causing the dip.
- NWSBCT Index for Blue Chips: Focusing on the more established cryptocurrencies, colloquially known as the “Blue Chips.” The NWSBCT Index has fallen. The chart indicates a significant decline around 2 p.m., which transitioned into a consolidation phase.
- The 2100NEWS Indices: The collection of indices from 2100NEWS, which observes different crypto sectors, recorded losses between -0.29% and -0.99% 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 fallen by 2.03% in the last 24 hours.
- Bitcoin and Ether have experienced retracements; Ether saw a decline of 2.01%, while Bitcoin experienced a more substantial dip of 2.37% during the same period.
Lily
Litecoin