Movers of the Day 5-Dec-2023

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

Top movers of the day are BakeryToken and Songbird which has increased by 10.12% since 7 pm. On the other hand BakeryToken is 2.06% lower. Adventure Gold has increased by 6.58%.

The crypto markets 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 +0.87% and +4.71%. 2100NEWS Total Index (NWST1100) ended +3.81%. Bitcoin ended +5.56%, Ether ended +2.38%.

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

Songbird (SGB)

Flare is a new Layer-1 blockchain that enables secure universal interoperability between chains – scaling the use of blockchain by enabling all digital assets and onchain information to flow freely. This is cross-chain interoperability with the security of multi-chain. Songbird, Flare’s Canary Network, marks a key step for the entire industry in enabling tokens on networks without smart contracts to be used trustlessly and in a non-custodial manner for the first time with scalable smart contracts.

7:10 p.m. update: Top movers of the day are BakeryToken and ORDI. Since 2 pm BakeryToken has surged 68.62%, ORDI is 25.54% higher. Big Time has increased by 1.34%.

In the afternoon the crypto markets went up strongly. Since 2 pm 2100NEWS Indices which measure the performance of different groups of tokens and coins have increased up to 4.11%. 2100NEWS Total Index (NWST1100) is 3.17% higher. Ether has increased by 3.37%, Bitcoin even by 3.78%.

BakeryToken (BAKE) 

BakerySwap bills itself as the next iteration of Uniswap, and it aims to be a faster, cheaper, and tastier version of Uniswap. Liquidity providers will be rewarded with BAKE tokens from which they can earn a share of BakerySwap’s trading fees and use them for voting as part of BakerySwap’s governance. A team is an anonymous group of developers who believe in the future of decentralized autonomous organizations (DAO).

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

• Big Time and Aurora: These cryptocurrencies have posted significant gains over the last 24 hours.
• Casper:  With a substantial surge of 38.35% since the morning, Casper stands out as one of the leading performers for the day.

Overview: The overall market has consolidated following the previous day’s surge. High volatility during consolidation suggests that there’s still indecision and conflict between buying and selling forces within the market. NWSBCT Index for Blue Chips: Focusing on the more established cryptocurrencies, colloquially known as the “Blue Chips.” The NWSBCT Index has consolidated after yesterday’s overall uptick, suggesting that the initial momentum has paused, and the market is reassessing. 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 decreased by 0.36% in the last 24 hours. Bitcoin and Ether: The divergence in performance between these two market leaders continues, with Bitcoin showing a minor increase of 0.17% and Ether dropping by 1.87% over the same time.

Casper (CSPR) 

The Casper Network is the first live proof-of-stake blockchain built off the Casper CBC specification. Casper is designed to accelerate enterprise and developer adoption of blockchain technology today and evolve to meet user needs in the future.

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

• IoTeX and Aurora: These cryptocurrencies have posted significant gains over the last 24 hours. Aurora experienced a remarkable 50.44% surge since midnight, making it one of the day’s top performers.

Overview: The market has entered a consolidation phase with high volatility after a sharp surge the previous day. Consolidation periods often follow strong price moves as the market seeks to establish new support and resistance levels.

1. NWSBCT Index for Blue Chips: Focusing on the more established cryptocurrencies, colloquially known as the “Blue Chips.” The NWSBCT Index has consolidated after yesterday’s overall uptick.
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 fallen by 0.78% in the last 24 hours. Such a decline, although modest, indicates that the upswing across the broader market has cooled.
3. Bitcoin and Ether have had mixed performances. Bitcoin’s slight 0.29% increase contrasts with Ether’s 2.06% drop over the same time.

Aurora (AURORA)

Aurora is an Ethereum Virtual Machine created by the team at the NEAR Protocol, delivering a turn-key solution for developers to operate their apps on an Ethereum-compatible, high-throughput, scalable, and future-safe platform with low transaction costs for their users.

IoTeX (IOTX)

IoTeX is a decentralized Internet of Things network powered by a Privacy-Centric Blockchain. Despite its rapid evolution, IoT is still far from mass adoption and lacks “killer applications” that would draw new users to the ecosystem due to low scalability, high operating cost, privacy concerns, and lack of functional values. IoTeX is tackling this problem by introducing a token economy into IoT spaces. We strongly believe that crypto incentives and community effort are the two key forces that propel innovations in the IoT space. In short, IoTeX is the next-generation IoT-oriented blockchain platform with strong scalability, privacy, isolatability, and developability for incubating new IoT applications and ecosystems.