Movers of the Day 14-Dec-2023

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

Top Movers of the Day:

• 1000SATS and rats: These cryptocurrencies have retained significant gains over the day.
• OMG Network has soared 32.98% since the 7 p.m. update.

Overview: Over the last day, the market has shown sideways movement overall, with periods of sell-off being met with strong buying support, suggesting a balanced sentiment with underlying bullishness. NWSBCT Index for Blue Chips: Focusing on the more established cryptocurrencies, colloquially known as the “Blue Chips.” The NWSBCT Index has trended sideways. 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 1.03% in the last 24 hours. Bitcoin and Ether: Ether has surged by 1.95%, while Bitcoin has slightly decreased by 0.11% over the previous day.

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.

OMG Network (OMG)

The OMG Network is the quickest and most affordable way to transfer ETH and ERC20 tokens globally without restrictions. Using the OMG Network, individuals and businesses can transact on a financial infrastructure that’s several times faster, 1/3rd the cost, and as secure as the Ethereum Network — while retaining full autonomy over their funds and keys. The Network scales by centralizing transaction processing and remains safe by decentralizing security. They are a medium-sized enterprise with over 50 employees worldwide, and OMG Network offices are located in Thailand, Singapore, Japan, and Poland. Established in 2017 under the brand name OmiseGO, the rebranded OMG Network is a subsidiary of SYNQA.

7:10 p.m. update: The day’s top movers are rats [Ordinals] and Bounce Token. Since 2 p.m., the token of rats [Ordinals] has surged 46.24%; Bounce Token is 14.88% higher. Bonk has increased by 8.29%.

The crypto markets trended sideways. Over the past 24 hours, the large caps measured by 2100NEWS 100 Large Cap Index (NWSL100) have increased by 4.35%. 2100NEWS Total Index (NWST1100) is 3.61% higher. Bitcoin has increased by 2.82%, Ether by 4.28%.

rats [Ordinals] (RATS)

RATS is a BRC-20 meme token on the Bitcoin blockchain with a significant total supply, designed for trading and potentially driven by community interest and viral trends. The RATS BRC-20 token is one of the most popular memecoins on the Bitcoin blockchain. It was created by the Ordinals protocol and using satoshis, following the BRC-20 standard. This standard allows for the creation and management of tokens on Bitcoin’s network. As a meme token, RATS primarily derives its value and utility from community interest and popularity rather than underlying technical or economic functionalities. Regarding technical operation, RATS tokens are inscribed on the Bitcoin blockchain, a process that records their details and transactions. Users can trade, hold, or engage with these tokens through cryptocurrency exchanges that support BRC-20 tokens.

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

• Alex Lab and rats: These two cryptocurrencies have experienced substantial gains over the last 24 hours.
• WOO Network has risen by 12.32% since the morning update.

Overview: The crypto market has continued to show fluctuations within a narrower range, indicating a consolidation phase as it stabilizes after the initial reaction to the Fed’s signals, indicating a period of market equilibrium.  NWSBCT Index for Blue Chips: Focusing on the more established cryptocurrencies, colloquially known as the “Blue Chips.” The NWSBCT Index has responded with a marked increase following the Federal Reserve Chairman Jerome Powell’s press conference at 4 p.m. This suggests market equilibrium is being tested and established in light of new information. The 2100NEWS Indices, which track the performance of various groups of tokens and coins, report gains ranging from 0.50 to 2.79% since midnight, pointing to continued positive momentum in specific market segments. 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 5.52% in the last 24 hours, suggesting a strong positive response across a broad range of cryptocurrencies. Bitcoin and Ether have experienced notable surges, with Bitcoin soaring 4.79% and Ether by 5.26%, underscoring the bullish sentiment permeating the market in response to recent macroeconomic developments.

WOO Network (WOO)

Built by industry-leading quantitative trading firm Kronos Research, WOOTRADE offers greatly improved liquidity, spreads, and fees (abolishing). It is the next evolution in crypto trading. Wootrade was built on the premise that trade execution quality is the priority. Volumes traded are a marketing ploy and do not give meaning to what true execution costs will be for the end-user.

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

• Bonk and Alex Lab: These two cryptocurrencies have experienced substantial gains over the last 24 hours, with Alex Lab surging by 22.20% since midnight, positioning it as a standout performer of the day.

Overview: Following a significant upward movement, the overall crypto market has entered a consolidation phase, aligning with market expectations after the Federal Reserve announced potential rate cuts for 2024.

1.  NWSBCT Index for Blue Chips: Focusing on the more established cryptocurrencies, colloquially known as the “Blue Chips.” The NWSBCT Index saw a more pronounced rise after 4 p.m., coinciding with Fed Chairman Jerome Powell’s press conference. The index peaked around 11 p.m. and then demonstrated stability with minor fluctuations, indicating a period of market equilibrium after the initial reaction to the Fed’s signals.
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 5.15% in the last 24 hours, suggesting a strong positive response across a broad range of cryptocurrencies.
3. Bitcoin and Ether have experienced notable surges, with Bitcoin soaring 4.18% and Ether by 4.86%, contributing to the bullish sentiment and reflecting the market’s positive reaction to the macroeconomic news.

ALEX Lab (ALEX)

ALEX is the first one-stop DeFi services platform on Bitcoin via Stacks. The sea change of DeFi begins as simply as lending and borrowing Bitcoin. The smart contracts that govern those loans can be used to create bonds. Using these decentralized bonds, we can recreate derivative products, leverage, and all the other functions of higher finance, replacing them with the algorithms of an Automated Liquidity Exchange or ALEX.

Bonk (BONK)

BONK is the first dog-themed coin on Solana “for the people, by the people,” with 50% of the total supply of the cryptocurrency airdropped to the Solana community. BONK is similar to Shiba Inu (SHIB) and Dogecoin (DOGE) meme coin; it was launched on December 25, 2022, and led to an increase in the price of the SOL token (a rise of 34% in 48 hours). Trading began on December 30, 2022, arousing genuine interest from the crypto community. The team’s primary goal is to bring back liquidity to Solana-based decentralized exchanges (DEXs). The idea of the developers was to create a full-fledged community coin that would be used across all the dApps built on Solana, and each user would have the opportunity to become part of the ecosystem “where everyone gets a fair shot.”