Movers of the Day 18-Dec-2023

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

Top movers of the day are IoTeX and Bounce Token which has increased by 7.87%. IoTeX is 6.05% higher.

In the evening the cryptocurrencies went up and most of them finished the day higher. The Blue Chips represented by 2100NEWS 30 Blue Chip Index (NWS30) ended +0.96%. Their movement can be seen on the adjacent NWSBCT chart over the past 24 hours. Our main 2100NEWS Total Index (NWST1100) ended +0.54%. Bitcoin ended +1.80% while Ether ended -0.44%.

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.

Bounce Token (AUCTION)

Bounce is a decentralized auction platform incorporating liquidity mining, decentralized governance, and staking mechanisms. The first principle of Bounce is a scarcity of resources, which creates a competitive swap environment. The idea of “swap” originated from Uniswap, where infinite liquidity is provided for participants. While this concept is excellent, Bounce focuses on the opposite scenario instead. Bounce offers a competitive environment for a limited supply of tokens or other assets like NFTs. The assets can be auctioned off in various ways, such as Token sales. Various types of auctions where a limited amount of tokens are auctioned off with different auction principles and time limits, such as fixed price (fixed swap auction), decreasing price (Dutch auction), or hidden price (sealed-bid auction) NFT auctions NFTs are auctioned off with similar auction principles as token sales. However, there are usually fewer NFTs (or only a unique piece) for sale.

7:10 p.m. update: Top movers of the day are Bounce Token and MetisDAO. Since 2 pm Bounce Token has surged 24.17%, MetisDAO is even 28.11% higher. IoTeX has increased by 3.33%.

In the afternoon the crypto markets stopped falling. According to the yesterdays closings the large caps measured by 2100NEWS 100 Large Cap Index (NWSL100) have fallen by 2.58%. Similarly, Ether has decreased by 2.54%, Bitcoin only by 0.63%. Our main 2100NEWS Total Index (NWST1100) is 1.77% lower.

MetisDAO (METIS)

Metis Andromeda is an EVM-Equivalent Ethereum Layer-2 focused on bridging the gap between Web2 and Web3. Metis provides users with a secure, decentralized, scalable, easy-to-use network. By combining a robust Layer 2 with on-chain credentials and Decentralized Autonomous Companies (DACs), Metis is building the perfect ecosystem to host open, decentralized, and trustless collaboration secured by Ethereum.

2:10 p.m. update: Top movers of the day are Request and IoTeX which has increased by 10.72% since 9 am. Request is 3.72% higher.

The crypto markets were still down. Since 9 am 2100NEWS Indices have fallen between 0.83% and 3.30% (NWSOT50). 2100NEWS Total Index (NWST1100) is 1.24% lower. Bitcoin has decreased by 0.50%, Ether by 1.74%.

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.

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

• Stella and Astar: These two cryptocurrencies have experienced substantial gains over the last 24 hours, with AStar soaring 73.25% since midnight, positioning it as a standout performer of the day.

Overview: Despite notable gains from certain individual cryptocurrencies like Astar, the overall market sentiment remains bearish, as evidenced by the significant downturn in major indices and leading cryptocurrencies.

1.  NWSBCT Index for Blue Chips: Focusing on the more established cryptocurrencies, colloquially known as the “Blue Chips.” The NWSBCT Index has followed the market’s downward trajectory, starting a decline after 6 p.m. without substantial recovery attempts, which indicates a pervasive bearish sentiment.
2. The 2100NEWS Indices, which track the performance of various groups of tokens and coins, report losses ranging from -1.66 to -4.63% since midnight, underscoring a market-wide pullback.
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 dropped 2.34% in the last 24 hours.
4. Bitcoin and Ether have suffered declines, with Bitcoin decreasing by 1.78% and Ether by 1.71%, contributing to the current bearish market mood.

Astar (ASTR) 

Astar Network is a dApp hub on Polkadot that supports Ethereum, WebAssembly, and layer two solutions like ZK Rollups. Astar aims to be a multi-chain intelligent contract platform supporting multiple blockchains and virtual machines. Polkadot Relay Chain doesn’t support smart contracts. That’s why the ecosystem needs to have a parachain that enables this for all developers who want to build in the Polkadot ecosystem. Astar is here to provide the best solution for all developers by supporting EVM and making a parachain where EVM and WASM smart contracts can co-exist and communicate with each other.

Stella (ALPHA)

Alpha Finance Lab is an ecosystem of cross-chain DeFi products that will interoperate to bring optimal alpha returns to users. Alpha products focus on capturing unaddressed demand in DeFi in an innovative and user-friendly way.