Movers of the Day 15-Aug-2024

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

Top Movers of the Day:

• Threshold and UMA: These cryptocurrencies have grown remarkably over the past day with UMA increasing by 1.43% since 7 p.m.

Overview: The crypto market reflected a day with significant volatility, where sharp movements in both directions were observed. The pattern indicates a day of fluctuating sentiment, with periods of strong recovery followed by abrupt declines.

2100NEWS NWSBCT Index for Blue Chips: This index focuses on the more established cryptocurrencies, colloquially known as the “Blue Chips.” The index has mirrored the overall market sentiment. The 2100NEWS Indices, which track the performance of various groups of tokens and coins, have reported losses ranging from -2.75% to -3.85% since 7 p.m. 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 2.94% over the last 24 hours. Bitcoin and Ether: Bitcoin has dropped by 2.67%, while Ether has shown a plunge of 4.04% over the past 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.

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. However, unlike traditional derivatives, UMA contracts are secured with economic incentives alone, making them self-enforcing and universally accessible.

Top Movers of the Day (at 7 p.m. update):

• Velo and 0x0.ai: AI Smart Contract: These cryptocurrencies have grown remarkably over the past 24 hours, with Velo rising by 11.85% since 2 p.m.

Overview: The recent crypto market movements indicate a consolidation.

1. NWSBCT Index for Blue Chips: Focusing on the more established cryptocurrencies, colloquially known as the “Blue Chips.” The index has tracked the broader market’s movements.
2. 2100NEWS Total Index (NWST1100): This index represents a broad spectrum of the crypto market and tracks 1100 significant cryptocurrencies based on their market cap. It has increased by 0.31% over the last 24 hours.
3. Bitcoin and Ether: Bitcoin has increased by 0.64%, in contrast, Ether has slightly decreased by 0.27% over the previous 24 hours.

Velo (VELO)

Velo is a blockchain-based financial protocol enabling digital credit issuance and borderless asset transfer for businesses using a smart contract system. VELO tokens are utility tokens designed to ensure the settlement of digital credits issued in the ecosystem by being used as smart contract-locked collateral for value transfers. Value for VELO token holders will increase as demand for digital credits grows and transfer volumes increase with the addition of more business partners and end-users. Velo’s core mission is to build a decentralized settlement network that allows its Trusted Partners to securely transfer value among one another in a timely and transparent manner. Velo’s initial focus would be on business partners in the remittance and money transfer spaces in Southeast Asia, followed by the wider Asia Pacific region and beyond.

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

• Ultima and Beldex: These cryptocurrencies have grown remarkably over the past 24 hours.
• Theta Fuel has risen by 6.80% since the morning update.

Overview: The crypto market has experienced a consolidation following a retrace. 2100NEWS NWSBCT Index for Blue Chips: This index focuses on the more established cryptocurrencies, colloquially known as the “Blue Chips.” The index has mirrored the overall trend, reflecting similar patterns of decline and 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 plummeted by 3.68% over the last 24 hours. Bitcoin and Ether: Bitcoin has plummeted by 4.24% and Ether by 4.16% over the past 24 hours.

Theta Fuel (TFUEL)

The Theta Network and protocol aim to solve various challenges the video streaming industry faces today. Theta Fuel is the operational token of the Theta protocol. TFUEL powers on-chain operations like payments to relayers for sharing a video stream or deploying or interacting with smart contracts. Relayers earn TFUEL for every video stream they relay to other users on the network. You can think of Theta Fuel as the “gas” of the protocol. At the Mainnet launch on March 15th, TFUEL will be created as a native token on the Theta blockchain.

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

• Ultima and Metaplex: These cryptocurrencies have grown remarkably over the past 24 hours.
• Threshold has risen by 10.70% since midnight.

Overview: The crypto market has reflected a market dominated by selling pressure and negative sentiment, with consistent declines over the last 24 hours.

1.  NWSBCT Index for Blue Chips: This index focuses on the more established cryptocurrencies, colloquially known as the “Blue Chips.” The index has experienced a further decline, indicating ongoing selling pressure.
2. The 2100NEWS Indices, which track the performance of various groups of tokens and coins, have reported losses ranging from -0.89% to -1.82% since midnight.
3. 2100NEWS Total Index (NWST1100): This index represents a broad spectrum of the crypto market and tracks 1100 significant cryptocurrencies based on their market cap. It has plummeted by 3.87% over the previous 24 hours, reflecting a general market retrace.
4. Bitcoin and Ether: Bitcoin has plummeted by 4.52%, while Ether has dropped by 3.94% over the last 24 hours.

Threshold (T)

Threshold cryptography is a revolutionary technology that uses cryptography to unlock more excellent utility and usability for digital assets without needing to trust a centralized party. It distributes sensitive operations across multiple independent entities (like nodes in a network) and requires a threshold or a minimum number of those entities to cooperate for the operation to be successful.