Movers of the Day 23-Jan-2024

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

Top movers of the day are Synapse and Aleph.im. Since 7 pm Synapse has surged 21.84%, Aleph.im has increased by 0.94%.

The crypto markets finished the day lower as illustrated by an adjacent chart showing the movement of the NWSBCT Index (Blue Chips) over the past 24 hours. 2100NEWS Indices ended between -1.82% and -3.27%. 2100NEWS Total Index (NWST1100) ended -2.05%. Bitcoin ended -0.98%, Ether ended -4.06%.

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.

Synapse (SYN)

Synapse is a cross-chain layer ∞ protocol powering frictionless interoperability between blockchains. Synapse provides decentralized, permissionless transactions between any L1, sidechain, or L2 ecosystem. It powers integral blockchain activities such as asset transfers, swaps, and generalized messaging with cross-chain functionality – enabling new primitives based on its cross-chain architecture. While Synapse focuses on cross-chain transactions, at its core, there has been and continues to be an AMM that enables low slippage swaps between pegged assets on any chain. At any point, users can use Synapse to swap between native stablecoins at the best rates on all Synapse-enabled chains.

7:10 p.m. update: Top movers of the day are Syntropy and Aleph.im. Since 2 pm Syntropy has increased by 12.35%, Aleph.im is 13.21% higher.

In the afternoon the crypto markets trended sideways. In the last 24 hours the large caps represented by 2100NEWS 100 Large Cap Index (NWSL100) have fallen by 4.79%. 2100NEWS Total Index (NWST1100) is 4.44% lower. Bitcoin has fallen by 3.23%, Ether even by 7.01%.

Syntropy (NOIA)

Syntropy (previous NOIA Network) transforms the public internet into a secure and user-centric internet, where encryption and optimized performance are built-in and automatically enabled for anything and everything connected to it.

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

• Mdex and UMA: These cryptocurrencies have outperformed others with significant gains over the past 24 hours. Mdex has soared 63.77% since the morning update.

Overview: The crypto market has taken a significant hit over the last 24 hours; it saw a sharp descent starting in the early hours, signaling a significant sell-off and bearish sentiment among investors. NWSBCT Index for Blue Chips: Focusing on the more established cryptocurrencies, colloquially known as the “Blue Chips.” Despite attempts at a slight recovery, as shown by the small upticks, the overall trend remains downward, with the index currently near a lower point than the start of the tracked period. The 2100NEWS Indices, which track the performance of various groups of tokens and coins, have reported losses ranging from -2.76% to -5.70% since midnight. 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 by 5.59% in the last 24 hours. Bitcoin and Ether have also succumbed to the selling wave, with Bitcoin experiencing a 4.62% and Ether a sharper 6.57% plunge within the same period.

Mdex (MDX)

Mdex is an automatic market-making decentralized exchange based on the concept of fund pools. It is similar in function to some DEXs on the market, but on this basis, it proposes and implements a dual-chain DEX model based on the Huobi Eco Chain and Ethereum. It combines the advantages of the low transaction fees of the Huobi Eco Chain and the prosperity of the Ethereum ecosystem. It supports the dual mining mechanism of liquidity and transactions.

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

• Huobi Token and UMA: These cryptocurrencies have outperformed others with significant gains over the past 24 hours. UMA has risen 12.35% since midnight.

Overview: The crypto market has experienced a continuous decline, with a downward trend prevailing over the last 24 hours. This reflects the ongoing cautious and bearish stance of the market participants.

1. NWSBCT Index for Blue Chips: Focusing on the more established cryptocurrencies, colloquially known as the “Blue Chips.” The index has mirrored the market’s overall downward movement
2. The 2100NEWS Indices, which track the performance of various groups of tokens and coins, have reported losses ranging from -0.10% to -1.27% 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 by 3.78% in the last 24 hours.
4. Bitcoin and Ether have not been immune to the downturn, with Bitcoin experiencing a 3.18% and Ether a sharper 4.14% plunge within the same period.

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.

Cartesi (CTSI)

Cartesi is building an operating system for dApps. The project enables complex and intensive computations to run in a Linux environment outside the blockchain without compromising decentralization. Cartesi aims to make dApps significantly more powerful, cost-effective, more accessible to develop, and portable. The goal is to bring mainstream productivity to developers and a satisfying experience for users.