Movers of the Day 8-Nov-2023

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

Top Movers of the Day:

• Storj and Bancor: Both have showcased impressive gains over the past day.
• Arweave witnessed a rise of 9.74% since the 7 p.m. update.

Overview: The cryptocurrency market has experienced a positive trend over the last day. NWSBCT Index for Blue Chips: Focusing on the more established cryptocurrencies, colloquially known as the “Blue Chips,” the NWSBCT Index has risen. The graph could reflect a positive market sentiment, considering it ends higher than it started despite the intraday volatility. The 2100NEWS Indices:  The collection of indices from 2100NEWS, which observes different crypto sectors, recorded gains between 0.35% and 1.18% after the 7 p.m. update. 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 1.49% over the last day. Bitcoin and Ether: Bitcoin’s price has risen by 1.31%, while Ether has shown a modest increase of 0.60% in the same timeframe.

7:10 p.m. update: The top movers of the day are Storj and Illuvium, which has surged 17.99% since 2 p.m. Storj is 13.48% higher.

The crypto markets trended sideways. In the last 24 hours, 2100NEWS Indices, which measure the performance of different groups of tokens and coins, have increased up to 4.50%. 2100NEWS Total Index (NWST1100) is 1.84% higher. Bitcoin has increased by 1.30%, Ether by 1.04%.

Illuvium (ILV)

Illuvium is a collectible NFT RPG game and auto-battler rolled into one. There is an open-world RPG experience in the overworld, where you mine, harvest, capture, and fight Illuvials. Once you have assembled your tea,m you can join the fray in the autobattle,r where you strategically build your teams to beat your opponents in battle. The Illuvials possess unique stats, classes, and affinities. Your team’s synergy—based on how you match their strengths and compensate for weaknesses—could mean a winning streak for you.

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

• Storj and ORDI were the top movers with significant growth in the past 24 hours.
• Steem stood out with a rise of 12.12% since the morning update.

Overview:  Over the last 24 hours, the crypto market has risen. NWSBCT Index for Blue Chips: Focusing on the more established cryptocurrencies, colloquially known as the “Blue Chips,” the NWSBCT Index has risen in the last 24 hours. 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 risen by 1.51% in the last 24 hours. Bitcoin and Ether: Bitcoin has surged by 1.86%, and Ether has slightly increased by 0.41% during the same period.

Steem (STEEM)

Steem bills itself as a social blockchain that grows communities and makes revenue streams possible for users by rewarding them for sharing content. It also powers real applications via social apps like Steemit. Steem started as the cryptocurrency on the Steemit platform that rewards users for community building through upvoting and posting meaningful content. Founded in 2016 by Ned Scott and BitShares creator Dan Larimer, the Steemit platform, built atop the Steem blockchain, is a social media network that seeks to be a source of community-driven curated content such as news, Q&A, and job boards. The more value a particular piece of content can deliver across a significant number of people, the greater the reward the creator receives. Steemit users can cast votes to create a hierarchy of content. The higher the upvote count received on a content piece, the more Steem is earned by its publisher. Steemit’s meritocratic system also enables users who hold more currency to cast more meaningful, more significant influence votes.

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

• Storj and tomiNet were the top movers with significant growth in the past 24 hours. Storj stood out with an impressive 27.80% overnight growth.

Overview:  Over the last 24 hours, Despite these impressive gains for specific cryptocurrencies, the overall market has remained stable, indicating that the growth is not widespread across all assets but rather concentrated in specific tokens.

1. NWSBCT Index for Blue Chips: Focusing on the more established cryptocurrencies, colloquially known as the “Blue Chips.” The NWSBCT Index has shown resilience with a V-shaped recovery that signifies a quick bounce-back after a decline. This recovery, followed by stabilization, could reflect investor confidence despite short-term volatility.
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 increased by 0.20% in the last 24 hours.
3. Bitcoin and Ether: the divergent performance of Bitcoin and Ether highlights the individual factors that can affect the price of leading cryptocurrencies during the same period. Bitcoin experienced a rise of 0.93%, while Ether decreased by 0.70%.

Storj (STORJ)

Storj (pronounced: storage) aims to become a cloud storage platform that can’t be censored, monitored, or have downtime. It is the first decentralized, end-to-end encrypted cloud storage platform. Storj’s core technology is an enforceable, peer-to-peer storage contract. It’s a way for two people (or computers) to agree to exchange some amount of storage for money without knowing each other. We call the computer-selling space the “farmer” and the computer-purchasing space the “renter.” The renter and farmer meet, negotiate an agreement, and move data from the renter to the farmer for safekeeping.

Ordinals (ORDI)

The Ordinal theory concerns itself with satoshis, giving them individual identities and allowing them to be tracked, transferred, and imbued with meaning. Satoshis, not Bitcoin, is the atomic, native currency of the Bitcoin network. One bitcoin can be subdivided into 100,000,000 satoshis, but no further. The ordinal theory does not require a sidechain or token aside from Bitcoin and can be used without any changes to the Bitcoin network. It works right now. Ordinal theory imbues satoshis with numismatic value, allowing them to be collected and traded as curios. Individual satoshis can be inscribed with arbitrary content, creating unique Bitcoin-native digital artifacts that can be held in Bitcoin wallets and transferred using Bitcoin transactions. Inscriptions are as durable, immutable, secure, and decentralized as Bitcoin itself.