Movers of the Day 5-Aug-2024

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

Top movers of the day are Storj and BakerySwap. Since 7 pm Storj has increased by 7.89%, BakerySwap is 0.89% higher.

Despite the slight rebound in the afternoon, the crypto markets still finished the day in red. Today’s crypto market movement is illustrated by an adjacent chart showing the movement of the NWSBCT Index (Blue Chips) over the past 24 hours. 2100NEWS Indices ended between -7.66% and -10.41%. Our main 2100NEWS Total Index (NWST1100) ended -8.10%. Bitcoin ended -7.00%, Ether ended -11.05%.

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.

Storj (STORJ)

Storj (pronounced: storage) aims to become a cloud storage platform that can’t be censored, monitored, or have downtime. It is the first decentralized, end-to-end encrypted cloud storage platform. Storj’s core technology is an enforceable, peer-to-peer storage contract. It’s a way for two people (or computers) to agree to exchange some amount of storage for money without knowing each other. We call the computer-selling space the “farmer” and the computer-purchasing space the “renter.” The renter and farmer meet, negotiate an agreement, and move data from the renter to the farmer for safekeeping.

7:10 p.m. update: Top movers of the day are Storj and Arcblock which has surged 40.32% since 2 pm. Storj is 24.30% higher.

In the afternoon the crypto markets experienced the rebound. Since 2 pm 2100NEWS Indices have increased up to 12.85%. Our main 2100NEWS Total Index (NWST1100) is 7.55% higher. Bitcoin has increased by 5.68%, Ether by 8.41%.

Arcblock (ABT)

Arcblock is a platform and an ecosystem for building and deploying decentralized blockchain applications. The platform goes beyond providing the necessary foundational components for using blockchain to power complex business rules. It connects your existing system to blockchain networks, enabling you to automate business processes using the data and identities associated with existing systems.

2:10 p.m. update: Top mover of the day is FTX Token which has surged 15.88% since 9 am. Fasttoken is 0.24% lower.

The crypto markets were still down. Looking at the yesterday’s closings the tokens built on Ethereum represented by 2100NEWS Ethereum Based Index (NWSET100) have dropped by 16.95%. Our main 2100NEWS Total Index (NWST1100) which measures the performance of the major 1100 crypto assets by market capitalization is 14.16% lower. Bitcoin has fallen by 12.16%, Ether by 16.54%.

FTX Token (FTT)

FTX is owned by FTX Trading LTD, a company incorporated in Antigua and Barbuda. Alameda Research, a cryptocurrency liquidity provider, incubated FTX. On November 11, 2022, and November 14, 2022, FTX Trading Ltd. and 101 affiliated debtors (collectively, the “Debtors”) each filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware. Exhibit(s) (Notice of Filing Hearing Presentation) Filed by FTX Trading Ltd.. (Attachments: # 1 Exhibit A)

Top movers of the day are Polyhedra Network and Fasttoken. Since midnight Polyhedra Network has increased by 0.53%, Fasttoken by 0.71%.

The crypto markets experienced a huge drop at night. Since midnight 2100NEWS Indices which measure the performance of different groups of tokens and coins have dropped between 13.37% and 17.83%. The large caps (the cryptocurrencies with market cap from $200 million to $50 billion) measured by 2100NEWS 100 Large Cap Index (NWSL100) have fallen by 16.49%. Bitcoin has dropped 12.14%; Ether even 17.93%.

Polyhedra Network (ZKJ)

zkBridge uses zkSNARKs to enable a prover to efficiently convince the receiver chain that a certain state transition happened on the sender chain. zkBridge consists of a block header relay network and an updater contract. The block header relay network retrieves the block headers from the sender chain, generates proofs of the validity of the block headers, and sends the headers along with the proofs to the updater contract (set up on the receiver chain). The updater contract maintains a light-client state. It automatically adds block headers of the sender chain once the associated proofs are verified, and updates the current main chain of the sender chain.

Fasttoken (FTN)

FTN is the native currency of Bahamut blockchain, a public EVM-based layer 1 solution with a novelty consensus called Proof of Stake and Activity (PoSA). FTN serves as the gas unit for Bahamut, enabling staking and block creation and validation mechanisms, as well as cross-chain operations. Initially, FTN was emitted as an ERC-20 token that serves as a utility token for the whole SoftConstruct – a leading IT solutions provider – ecosystem, enabling users to settle all kinds of business and personal arrangements between themselves and any of SoftConstruct’s products and services.