Movers of the Day 19-Jan-2024

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

Top movers of the day are UMA and iExec RLC which has surged 20.76%. Aleph.im is 16.31% higher while UMA has decreased by 8.13%.

Most cryptocurrencies finished the day in green as illustrated by an adjacent chart showing the movement of the NWSBCT Index (Blue Chips) over the past 24 hours. The tokens built on Ethereum represented by 2100NEWS Ethereum Based Index (NWSET100) ended +0.10%. 2100NEWS Total Index (NWST1100) ended +0.34%. Bitcoin ended +0.84%, Ether ended +0.79%.

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.

iExec RLC (RLC)

Exec is the leading provider of blockchain-based decentralized computing. Blockchain is utilized to organize a market network where people can monetize their computing power, applications, and even datasets. It does this by providing on-demand access to cloud computing resources. IExec can support applications in fields such as big data, healthcare, AI, rendering, and fintech. IExec was founded on Oct. 16, 2016, to reinvent cloud computing by creating a new cloud computing paradigm. As such, iExec relies on the XtremWeb-HEP, an open-source desktop grid software that implements features such as multi-applications, fault-tolerance, multi-users, deployment of virtual images, private infrastructure, data management, security, and much more.

7:10 p.m. update: Top movers of the day are UMA and Radworks. Since 2 pm UMA has surged 51.25%, the token of Radworks is 27.33% higher.

In the afternoon the crypto markets experienced a large drop, but recovered very quickly after that. Nevertheless, they are still lower compared to the morning start. Since 2 pm the large caps measured by 2100NEWS 100 Large Cap Index (NWSL100) have fallen by 2.48%. 2100NEWS Total Index (NWST1100) is 1.17% lower. Bitcoin has decreased by 0.44%, Ether by 0.74%.

Radworks (RAD)

Radworks is a community dedicated to cultivating internet freedom. In a world that almost entirely relies on software, maintaining the resilience and health of the free and open source ecosystem is more important than ever. They strive to demonstrate the viability — in cost, labor, quality, and resiliency — of open-source software and its development.

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

• UMA and Pocket Network: These cryptocurrencies have outperformed others with significant gains over the past 24 hours. Pocket Network has risen by 12.99% since the morning update.

Overview: The cryptocurrency market general trend indicates that the market is searching for a stable footing after the sell-off. It has been attempting to recover with a slight upward trend. NWSBCT Index for Blue Chips: Focusing on the more established cryptocurrencies, colloquially known as the “Blue Chips.” The index’s movement suggests a market correction followed by a period of consolidation. 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 2.26% in the last 24 hours. Bitcoin and Ether have both seen declines, with Ether dropping by 1.09% and Bitcoin by a steeper 2.62% in the same timeframe.

Pocket Network (POKT)

​​Pocket Network is a decentralized blockchain data platform – a protocol built to connect to any blockchain and service the data demands of Web3 dApps. Pocket Network uses cost-efficient economics to coordinate and distribute data at scale, using the POKT token to facilitate the protocol’s service. Pocket Network nodes act as the middle layer that connects the protocol’s 50+ supported blockchains with their ecosystems of dApps that require data from the chain. The network runs on a Proof-of-Stake (PoS) consensus mechanism that offers scalability and data consistency for dApps.

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

• UMA and NEM: These cryptocurrencies have outperformed others with significant gains over the past 24 hours. UMA has soared 35.09% since midnight.

Overview: The cryptocurrency market observed a sharp decline yesterday, starting around 4 p.m., which continued into the evening. This trend saw a notable reversal in the early morning hours, with signs of a recovery as the market attempted to rebound.

1. NWSBCT Index for Blue Chips: Focusing on the more established cryptocurrencies, colloquially known as the “Blue Chips.” The index has reflected the overall market trend.
2. The 2100NEWS Indices, which track the performance of various groups of tokens and coins, have reported losses ranging from -0.13% to -1.52% 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 plunged 3.88% in the last 24 hours.
4. Bitcoin and Ether: Ether has seen a significant decline of 2.74%, while Bitcoin has experienced a more pronounced plunge of 3.65% in the same timeframe.

UMA (UMA)

UMA is designed to power the financial innovations made possible by permissionless, public blockchains like Ethereum. UMA defines an open-source protocol that allows any two counterparties to design and create their own financial contracts using fiat financial derivatives concepts. But unlike traditional derivatives, UMA contracts are secured with economic incentives alone, making them self-enforcing and universally accessible.