Movers of the Day 7-Dec-2023

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

Top Movers of the Day:

• Bonk and Axelar: These cryptocurrencies have retained significant gains over the day.
• Bone ShibaSwap has risen by 8.12% since 7 p.m.

Overview: Ether’s exceptional growth of 5.37% has played a pivotal role in supporting the crypto market and counteracting potential declines within the last day. NWSBCT Index for Blue Chips: Focusing on the more established cryptocurrencies, colloquially known as the “Blue Chips.” The NWSBCT Index has trended sideways with positive pressure. 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 1.24% in the last 24 hours. Bitcoin and Ether: While Bitcoin has decreased by 1.20%, Ether has substantially surged by 5.37 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.

 

Bone ShibaSwap (BONE)

2100NEWS ranking: 249, Mid-cap Ethereum-based Token, Index member: NWST1100, NWSM200

2100NEWS DA Orderbook Quality Evaluation Grade: Poor, Score: 9.2, (Average for Mid-caps: 13.2)

Bone ShibaSwap is a governance token of the Shibaswap ecosystem, allowing the #ShibArmy to vote on upcoming proposals. The more BONE, the user, holds, the more weight their vote carries in these future endeavors. BONE has 250,000,000 tokens and is designed to fit perfectly between the previous two tokens regarding circulation supply. SHIB, LEASH, and BONE come together to create ShibaSwap, the next evolution in DeFi platforms. ShibaSwaallows usersty to DIG (provide liquidity), BURY (stake), and SWAP tokens to gain WOOF Returns through our sophisticated and innovative passive income reward system.

 

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

• Amp and Axelar: These two cryptocurrencies have experienced substantial gains in the previous 24 hours
• Optimism has surged by 20.70% since the 2 p.m. update and is considered one of the day’s top performers.

Overview: The crypto market sentiment has shifted from bearish to bullish within the 24 hours observed, with a strong recovery after an initial fall. The recovery to levels near the starting point could suggest confidence among buyers, driving the prices back up.

1. NWSBCTIndex for Blue Chips: Focusing on the more established cryptocurrencies, colloquially known as the “Blue Chips.” The NWSBCT Index mirrored the broader market’s performance with a peak followed by a downtrend and a robust recovery, indicating resilience among these established assets.
2. The 2100NEWS Indices, which track the performance of various groups of tokens and coins, report gains ranging from 0.71 to 5.23% since midnight.
3. 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 slightly increased by 0.34% in the last 24 hours.
4. Bitcoin and Ether: Bitcoin has fallen by 1.30%, while Ether has surged by 2.86%, showcasing divergent performances among leading cryptocurrencies.

Optimism (OP)

2100NEWS ranking: 42, Large-cap Non-Ethereum-based Token, Index member: NWST1100, NWSL100, NWSTo100, NWSOT50, NWSDM100

2100NEWS DA Orderbook Quality Evaluation Grade: Poor, Score: 13.8 (Average for Large-caps: 18.3)

Optimism is a layer-two blockchain on top of Ethereum. Optimism benefits from the security of the Ethereum mainnet and helps scale the Ethereum ecosystem by using optimistic rollups. That means transactions are trustlessly recorded on Optimism but ultimately secured on Ethereum.

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

• Amp and Axelar: These two cryptocurrencies have experienced substantial gains over the last 24 hours, with Amp rising by 16.53% since the morning update, marking it as one of the day’s top performers.

Overview: The crypto market initially showed optimism but later transitioned into a period of correction or consolidation, with rapid changes suggesting market volatility. NWSBCT Index for Blue Chips: Focusing on the more established cryptocurrencies, colloquially known as the “Blue Chips.” The NWSBCT Index experienced a peak around 6 a.m., followed by a notable downtrend, potentially due to profit-taking. The subsequent recovery was volatile, indicating continued market instability with sharp, jagged movements. 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 1.03% in the last 24 hours. Bitcoin and Ether: Bitcoin has fallen by 1.68%, while Ether has seen a smaller decrease of 0.51%, highlighting divergent performances among leading cryptocurrencies.

 

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 divisions 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 9 a.m. update):

• BitTorrent and Axelar: These two cryptocurrencies have experienced substantial gains over the last 24 hours, with Axelar notably soaring 61.53% since midnight, positioning it as a standout performer of the day.

Overview: The crypto market has been highly reactive, exhibiting sharp rises and drops, which could be attributed to uncertainty and quick shifts in trader sentiment.

1. NWSBCT Index for Blue Chips: Focusing on the more established cryptocurrencies, colloquially known as the “Blue Chips.” The NWSBCT Index has shown a consolidation with fluctuations, indicating a balanced state of market forces after earlier momentum.
2. The 2100NEWS Indices, which track the performance of various groups of tokens and coins, report gains ranging from 0.61 to 2.12% since midnight.
3.  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 increased by 0.55% in the last 24 hours.
4. Bitcoin and Ether: Bitcoin has increased by 0.66%, while Ether has slightly decreased by 0.21% over the same time.

Axelar (AXL)

2100NEWS ranking: 128, Mid-cap Ethereum-based Token, Index member: NWST1100, NWSM200, NWSTo100, NWSET100

2100NEWS DA Orderbook Quality Evaluation Grade: Poor, Score: 12.5, (Average for Tokens: 16.1)

Axelar claims to deliver “secure cross-chain communication for Web3.” The project provides a decentralized network and tools to help builders of decentralized applications (dApps) with seamless cross-chain communication through its protocol suite, tools, and APIs. Axelar features three core components – a decentralized network, a software development kit of protocols and APIs, and a set of gateway smart contracts for cross-chain connectivity. Powered by a decentralized network of validators, anyone can join the network, build on it, or use it. Apps builders can interact with a simple API atop a permissionless network that routes messages and ensures network security via a proof-of-stake (PoS) consensus mechanism. AXL is the native token of the Axelar network. The protocol also supports the cross-chain transfer of several native tokens via their wrapped ERC-20 versions, including AVAX (Avalanche), ETH (Ethereum), FTM (Fantom), GLMR (Moonbeam), and MATIC (Polygon).

 

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.

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.