Movers of the Day 29-Dec-2023

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

Top Movers of the Day:

• Moonriver and Sei: These cryptocurrencies have grown remarkably over the past day.
• Holo has risen by 7.07% since the 7 p.m. update.

Overview: Despite a relatively stable start, the crypto market later experienced a significant downturn, indicating potential sell-off actions or profit-taking by investors. NWSBCT Index for Blue Chips: Focusing on the more established cryptocurrencies, colloquially known as the “Blue Chips.” The index faced a downturn but showed signs of stabilization later on. 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 by 2.16% in the last 24 hours. Bitcoin and Ether: Bitcoin and Ether were not spared from the day’s downturn, with Bitcoin falling by 1.95% and Ether taking a sharper dive of 3.10% over the last 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.

Holo (HOT) 

Holochain is a decentralized application platform that uses peer-to-peer networking for processing agent-centric agreements and consensus mechanisms between users. In Holochain, no true global consensus is maintained. Instead, each agent in the public blockchain maintains a private fork that is managed and stored in a limited way on the public blockchain with a distributed hash table. This enables every device on a network to function independently and only requires data synchronization when necessary or agreed upon by users. This could translate into higher scalability for dapps hosted on Holochain. The Holo ecosystem relies on hosts that provide processing and storage for distributed applications while earning redeemable credits. Holochain Dapps can be developed with JavaScript or Lisp, with support for front-end systems using CSS, HTML, and JavaScript.

7:10 p.m. update: The day’s top movers are LCX and Acala Network. Since 2 p.m., LCX has surged 25.54%, and Acala Network has increased by 6.62%.

In the afternoon, the crypto markets went down. Since 2 p.m., 2100NEWS Indices, which measure the performance of different groups of tokens and coins, have fallen between 1.44% and 3.00%. 2100NEWS Total Index (NWST1100) is 2.66% lower. Bitcoin has fallen by 2.41%, Ether even by 2.90%.

LCX (LCX)

LCX, the Liechtenstein Cryptoassets Exchange, aims to become one of the world’s first licensed and supervised security token exchanges. The initial product is LCX Terminal, a crypto trading desk to trade on significant crypto exchanges within a single interface. In November 2018, LCX claimed to have been granted a Business License from the Liechtenstein Ministry of Economic Affairs. LCX AG was founded in April 2018 and is headquartered in the Principality of Liechtenstein.

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

• Sei and Moonriver: These two cryptocurrencies have grown remarkably over the past 24 hours. Moonriver has surged by 21.36% since the morning update.

Overview: The crypto market continues to trend sideways. This indicates a period of relative stability or indecision among market participants. NWSBCT Index for Blue Chips: Focusing on the more established cryptocurrencies, colloquially known as the “Blue Chips.” The index has also trended sideways, mirroring the broader market. 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 decreased by 0.31% in the last 24 hours. Bitcoin and Ether: Bitcoin has seen a minor 0.15% decrease, while Ether experienced a modest decline of 0.88% in the previous 24 hours.

Moonriver (MOVR)

Moonriver is the utility token of the Moonriver Network, Moonbeam’s Kusama deployment that serves as a “CanaryNet” to the Moonbeam Network. As such, the token utility behaviors on Moonriver will mirror that of Moonbeam. Moonbeam is a developer-oriented blockchain that strives to provide compatibility with the existing Ethereum developer toolchain and network. It does this by providing a full EVM implementation, a Web3-compatible API, and bridges that connect Moonbeam to existing Ethereum networks. This allows developers to deploy existing Solidity smart contracts and DApp frontends to Moonbeam with minimal changes. Supply and other token economic behaviors on Moonriver will be the same as on Moonbeam, but token distribution will be different to support the unique goals and attributes of the network. Moonriver will serve as a “CanaryNet” for Moonbeam, but it will also be a community-led experiment where the community will decide the direction it takes. Among other things, Moonriver used a large parachain crowdloan to obtain its initial parachain slot on Kusama.

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

• Tellor and Helium Mobile: These cryptocurrencies have significantly increased over 24 hours. Helium Mobile has surged by 17.28% since midnight.

Overview: The crypto market is moving sideways with a slight negative trend. However, there is evidence of buyer support during price dips, which is helping to sustain certain price levels.

1.  NWSBCT Index for Blue Chips: Focusing on the more established cryptocurrencies, colloquially known as the “Blue Chips.” The index has also trended sideways, mirroring the broader market.
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 dropped by 2.12% in the last 24 hours.
3. Bitcoin and Ether: Bitcoin has seen a 1.57% decrease, and Ether has a slightly higher decrease of 1.63% over the last 24 hours.

Helium Mobile (MOBILE)

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.