Movers of the Day 6-Dec-2023

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

Top Movers of the Day:

• BitTorrent and Helium: These cryptocurrencies have retained significant gains over the day.
• Amp has seen an exceptional surge of 31.83% since 7 p.m.

Overview: The overall market has shown patterns of sharp rises and falls, indicative of a highly reactive market environment. This type of volatility may reflect uncertainty. NWSBCT Index for Blue Chips: Focusing on the more established cryptocurrencies, colloquially known as the “Blue Chips.” The NWSBCT Index has trended sideways with negative pressure. The 2100NEWS Indices, which track the performance of various groups of tokens and coins, report losses ranging from -0.26 to -3.94% since 7 p.m. 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, reflecting the downward trend in the broader crypto market. Bitcoin and Ether: Bitcoin has fallen by 1.20%, while Ether has dropped by 2.01% over the same time.

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.

 

Amp (AMP)

2100NEWS ranking: 209, Mid-cap Ethereum-based Token, Index member: NWST1100, NWSM200

2100NEWS DA Orderbook Quality Evaluation Grade: Poor, Score: 12.6, (Average for Mid-caps: 13.2)

Amp is the new digital collateral token offering instant, verifiable assurances for any value transfer. Using Amp, networks like Flexa can quickly and irreversibly secure transactions for various asset-related use cases. Amp claims to offer a straightforward but versatile interface for verifiable collateralization through a system of collateral partitions and collateral managers. Where collateral partitions can be designated to collateralize any account, application, or even transaction and carry balances directly verifiable on the Ethereum blockchain, collateral managers are smart contracts that can lock, release, and redirect collateral in these partitions as needed to support value transfer activities. Amp supports a wide variety of use cases for collateralization and also introduces the concept of predefined partition strategies, which can enable special capabilities such as collateral models through which tokens can be staked without ever leaving their original address.

 

Top Movers of the Day (at 7 p.m. update):

• BitTorrent and Helium: These cryptocurrencies maintain their significant 24-hour gains.
• ORDI has seen an exceptional surge of 44.51% since 2 p.m. Its substantial gain is the highlight of this update, making it the day’s standout performer.

Overview: After a rapid increase the previous day, the market has been in a phase of adjustment, which is typical as traders and investors reevaluate their positions and the market seeks new levels of support and resistance.

1. NWSBCT Index for Blue Chips: Focusing on the more established cryptocurrencies, colloquially known as the “Blue Chips.” The NWSBCT Index suggests a tug-of-war between bullish and bearish sentiment among traders of more established cryptocurrencies. However, the index’s upward trend indicates that buying interest may prevail.
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 risen by 1.06% in the last 24 hours.
3. Bitcoin and Ether: Bitcoin’s increase of 1.41% compared to Ether’s slight decline of 0.19% shows divergent performance between the two leading cryptocurrencies.

 

ORDI (ORDI)

2100NEWS ranking: 82, Large-cap Non-Ethereum-based Token, Index member: NWST1100, NWSL100, NWSTo100, NWSOT50, NWSDM100

2100NEWS DA Orderbook Quality Evaluation Grade: Poor, Score: 16.2 (Average for Large-caps: 18.3)

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.

 

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

• BitTorrent and Helium: The highlight of this update is the substantial gain by BitTorrent, which has seen an exceptional rise of 89.81% since the morning, making it the day’s standout performer. Helium also continues to show significant gains over the last 24 hours.

Overview: The crypto market experienced a strong surge around 3 p.m. the previous day, followed by stabilization. This suggests that the market is digesting the changes after the initial rapid increase. The sustained interest indicates that the market participants may be gearing up for another possible upward movement. NWSBCT Index for Blue Chips: Focusing on the more established cryptocurrencies, colloquially known as the “Blue Chips.” The NWSBCT Index has shown a pattern similar to that of the broader market, with a sharp increase followed by consolidation. The consolidation phase appears to have been resolved with the possibility of another test of higher levels, indicating a healthy demand for these established cryptocurrencies. 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 soared 4.21% in the last 24 hours, indicating an overall positive market sentiment or an influx of investment into the crypto space. This broad increase could result from overall positive market sentiment or an influx of investment into the crypto space. Bitcoin and Ether: Bitcoin’s surge of 5.44% is notably higher than Ether’s 2.46%, reinforcing the notion that Bitcoin is currently leading the uptrend in the market.

 

BitTorrent(New) (BTT)

2100NEWS ranking: 84, Large-cap Non-Ethereum-based Token, Index member: NWST1100, NWSL100, NWSTo100, NWSOT50

2100NEWS DA Orderbook Quality Evaluation Grade: Poor, Score: 15 (Average for Large-caps: 18.3)

BitTorrent is a pioneering distributed communication protocol invented by Bram Cohen in 2001. As a peer-to-peer protocol, it facilitates the transfer of large, highly demanded files, eliminating the need for a trusted central server. The BitTorrent protocol enables client software endpoints (“clients”) to collaborate with each other to enable reliable simultaneous distribution of large files to multiple clients, reducing reliance on any single weak point (such as a server connection). It does this by attempting to efficiently use every client’s upload and download bandwidth to balance peer-to-peer content delivery across all clients.

 

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

• Songbird and Helium: These two cryptocurrencies have experienced substantial gains, with Helium notably surging by 38.15% since midnight, positioning it as a standout performer of the day.

Overview: The crypto market has shown a strong performance, initially marked by a rapid surge. Following the surge, a stabilization period is observed as traders and investors take stock of the new price levels and decide whether to buy more, sell or hold their positions.

1. NWSBCT Index for Blue Chips: Focusing on the more established cryptocurrencies, colloquially known as the “Blue Chips.” The NWSBCT Index reflected the broader market’s performance with a sharp uptrend from noon to 8 p.m. The subsequent consolidation phase with slight fluctuations suggests that, despite the earlier buying momentum, the market is now in equilibrium, balancing buyers and sellers.
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 soared 4.26% in the last 24 hours. Such a surge across a broad range of assets may reflect widespread bullish sentiment or a general capital inflow into the crypto market.
3. Bitcoin and Ether Bitcoin’s 5.12% surge compared to Ether’s 2.89% rise suggests that Bitcoin is leading the current market upturn.

 

Helium (HNT)

2100NEWS ranking: 135, Mid-cap, Index member: NWST1100, NWSM200, NWSCo100, NWSDM100

2100NEWS DA Orderbook Quality Evaluation Grade:  Poor, Score: 13.7 (Average for Coins: 15)

Launched in July 2019, Helium is a decentralized wireless network that allows low-power smart devices to send and receive data to the internet. Miners earn HNT for providing network coverage and relaying data to the internet using Hotspot hardware.

Songbird (SGB)

2100NEWS ranking: 580, Small cap, Index member: NWST1100, NWSS300

2100NEWS DA Orderbook Quality Evaluation Grade: Poor, Score: 4.7 (Average for Small caps: 10)

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.

 

Aurora (AURORA)

2100NEWS ranking: 453, Small cap Ethereum-based Token, Index member: NWST1100, NWSS300

2100NEWS DA Orderbook Quality Evaluation Grade: Poor, Score: 5.1 (Average for Small caps: 10)

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.