Movers of the Day 6-Nov-2023

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

Top movers of the day are Blur and Kin which has surged 13.74% since 7 pm. Blur has increased by 4.33%.

The crypto markets finished the day in green as illustrated by an adjacent chart showing the movement of the NWSBCT Index (Blue Chips) over the past 24 hours. 2100NEWS Indices ended between +0.60% and +5.44%. 2100NEWS Total Index (NWST1100) ended +1.92%. Bitcoin ended +0.45%, Ether ended +1.02%.

The criteria upon which these specific cryptocurrencies and indices have been highlighted are detailed in additional notes. The provided data offers a snapshot until midnight in the last 24 hours. Therefore, it may not accurately represent the current market.

Kin (KIN)

The Kin cryptocurrency is used as money within a digital ecosystem of consumer applications and services. Kin tokens enter circulation via an incentive model called the Kin Rewards Engine, or “KRE,” which rewards the developers who create compelling user experiences with Kin based on their engagement. This offers a software monetization model that incentivizes the adoption of new use cases and the creation of value for a cryptocurrency and encourages the exchange of value between users instead of harvesting user data and attention at no benefit to users.

7:10 p.m. update: Top movers of the day are Blur and Trust Wallet Token. Since 2 pm Blur has increased by 10.70%, Trust Wallet Token is 9.49% higher.

The crypto markets trended sideways. Looking at the yesterday’s closings 2100NEWS Indices which measure the performance of different groups of tokens and coins have increased up to 3.92%, highlighting the non-Ethereum tokens (NWSOT50). 2100NEWS Total Index (NWST1100) is 1.09% higher. In the same period Ether has increased by 0.64%, Bitcoin only by 0.05%.

Blur (BLUR)

Blur is a unique non-fungible token (NFT) marketplace and aggregator platform that offers advanced features such as real-time price feeds, portfolio management, and multi-marketplace NFT comparisons. It claims to have faster NFT sweeps and a more intuitive interface than comparable platforms. As a result, many professional NFT traders increasingly prefer to use Blur for their trading activities — although it may be due to incentives like the recent airdrop of 360 million BLUR tokens — worth around $355M at the time of writing. An Ethereum-based platform has raised over $14m from world-class investors and traders, including Paradigm, 6529, Cozomo Medici, dhof, Bharat Krymo, Zeneca, OSF, MoonOverlord, icebergy, Deeze, Andy8052, Keyboard Monkey and many more. BLUR became prominent after launching in October 2022, when it promised airdrops of BLUR tokens to the top platform users.

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

• Vulcan Forged PYR and STEPN have sustained their growth, and their performance has stood out in the market in the last 24 hours.
• Fetch.ai has risen by 9.38% since the morning update.

Overview:  Over the last 24 hours, the current cryptocurrency market has been characterized by specific altcoins experiencing notable growth, a stable market environment, a steady performance of established cryptocurrencies, and a slight overall increase. NWSBCT Index for Blue Chips: Focusing on the more established cryptocurrencies, colloquially known as the “Blue Chips.” The NWSBCT Index has trended sideways. The chart shows a day of trading with volatility where early or mid-day losses were recovered, and the index made gains. The collection of indices by 2100NEWS, which observes different crypto sectors, recorded increases between 0.77% and 3.69% 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 risen by 0.87% in the last 24 hours. Bitcoin and Ether: Bitcoin’s 0.21% increase and Ether’s 0.36% rise might not be significant, but they show that the market leaders also participate in the market’s overall positive performance during the same period.

Fetch.ai (FET)

Fetch.ai is a platform that aims to connect Internet of Things (IoT) devices and algorithms to enable collective learning. It was launched in 2017 by a team based in Cambridge, UK. Fetch.ai is built on a high-throughput sharded ledger and offers smart contract capabilities to deploy machine learning and artificial intelligence solutions for decentralized problem-solving. These open-source tools are designed to help users create ecosystem infrastructure and deploy commercial models.

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

• Vulcan Forged PYR and STEPN have shown significant growth, with Vulcan Forged PYR surging by over 20% since midnight.

Overview:  Over the last 24 hours, despite the notable growth in certain cryptocurrencies, the overall market has remained stable, which suggests that the increase in specific tokens has not had a substantial impact on the broader market.

1. NWSBCT Index for Blue Chips: Focusing on the more established cryptocurrencies, colloquially known as the “Blue Chips.” The NWSBCT Index has trended sideways. The chart depicts fluctuations. This stability in the blue-chip index could indicate that investors are maintaining their positions in established cryptocurrencies or that there is a balance between buying and selling pressures.
2. 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 experienced a minor decrease of 0.05% in the last 24 hours.
3. Bitcoin and Ether have seen decreases, with Ether experiencing a slightly smaller decrease of 0.31% than Bitcoin, falling by 0.74% during the same period.

Vulcan Forged PYR (PYR)

Vulcan Forged is a community-based project that promotes the development of world-class blockchain games by supporting developers through its development programs. ‘incubation, and crowdfunding.