Movers of the Day 26-Aug-2024

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

Top movers of the day are OriginTrail and REI Network. Since 7 pm OriginTrail has increased by 0.78%, REI Network by 3.05%.

In the evening the crypto markets made another step down and 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 -2.25% and -6.59%. 2100NEWS Total Index (NWST1100) ended -3.04%. Bitcoin ended -1.92%, Ether ended -3.42%.

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.

REI Network (REI)

REI Network was developed to better adapt to the blockchain’s development trend and achieve a lightweight, Ethereum-compatible, higher performance, and no-fee blockchain framework.

7:10 p.m. update: Top movers of the day are Echelon Prime and Phala Network which has increased by 2.97% since 2 pm. Echelon Prime is 2.21% higher.

In the afternoon the crypto markets stepped down. Since 2 pm the large caps represented by 2100NEWS 100 Large Cap Index (NWSL100) have fallen by 1.24%. 2100NEWS Total Index (NWST1100) is 0.68% lower. Bitcoin has decreased by 0.32%, Ether by 0.45%.

Phala Network (PHA)

Phala Network is a privacy-preserving cloud computing service that offers computing power comparable to existing cloud services and protects the privacy of managed programs. Based on TEE-Blockchain Hybrid Architecture, developers can deploy confidential smart contracts running inside the TEE Enclaves in the CPU. Phala is also based on Substrate and will run as a parachain of the Polkadot ecosystem.

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

• Echelon Prime and Flux: These cryptocurrencies have grown remarkably over the past 24 hours.
• WEMIX has risen by 10.28% since the morning update.

Overview: The crypto market has experienced a day of stabilization, with some segments seeing minor losses. The cautious sentiment could persist. 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 sentiment. The 2100NEWS Indices, which track the performance of various groups of tokens and coins, have reported losses ranging from -0.66% to -2.29% 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 slightly decreased by 0.23% over the last 24 hours. Bitcoin and Ether: Bitcoin has negligibly decreased by 0.06%, while Ether has decreased by 0.50% over the past 24 hours.

WEMIX (WEMIX)

Wemix is a blockchain-based global gaming platform developed by Wemade Tree, a subsidiary company of WEMADE, its flagship blockchain gaming services arm. “Wemix” is a platform for gaming dApps providing users with wallets and a marketplace for digital assets (fungible tokens, non-fungible tokens). Wemix envisions nurturing a blockchain gaming ecosystem with users’ “experiential value” at the core while existing blockchain gaming projects focus on digital asset exchange. Core competencies for Wemix setting a new standard in the blockchain gaming scene are: “Sustainability” Wemade has been serving the global gaming industry for over 20 years; “Substance” Wemade has reached more than 600 million users worldwide with global mega-hit game titles, including ChuanQi (Legend of Mir); “Support” Wemade has ten subsidiaries and 10+ investments made into gaming companies with resources accessible for Wemix; “Scalability” Wemix platform adopted a hybrid “multi-chain” infrastructure (public-bridge-private) to address inherent scalability and transaction cost issues.

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

• SUNDOG and Echelon Prime: These cryptocurrencies have grown remarkably over the past 24 hours.
• Synapse has increased by 4.08% since midnight.

Overview:  The crypto market has experienced a pullback starting a news week

1.  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.
2. The 2100NEWS Indices, which track the performance of various groups of tokens and coins, have reported losses ranging from -0.84% to -2.82% 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 retraced by 0.84% over the previous 24 hours.
4. Bitcoin and Ether: Bitcoin has decreased by 0.46% and Ether by 0.59% over the last 24 hours.

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.