Movers of the Day 27-Aug-2024

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

Top movers of the day are IDEX and Biswap. Since 7 pm IDEX has surged 31.48% while Biswap has fallen by 7.00%.

In the evening the crypto markets fell again and finished the day deep 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 -3.41% and -5.12%. 2100NEWS Total Index (NWST1100) ended -4.74%. Bitcoin ended -4.44%, Ether ended -7.43%.

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.

IDEX (IDEX)

IDEX is the first Ethereum-based decentralized smart contract exchange for supporting real-time trading and high transaction throughput. IDEX is the most advanced Ethereum DEX, supporting limit and market orders, gas-free cancels, and the ability to fill many trades at once.

7:10 p.m. update: Top movers of the day are Biswap and Persistence One. Since 2 pm Biswap has surged 28.99%, Persistence One has increased by 2.24%.

In the afternoon the crypto markets were sliding down. Since 2 pm the tokens built on Ethereum measured by 2100NEWS Ethereum Based Index (NWSET100) have decreased by 0.54%. 2100NEWS Total Index (NWST1100) is 1.05% lower. Bitcoin has fallen by 1.31%, Ether even by 2.23%.

Biswap (BSW)

Biswap is a decentralized exchange (DEX) for BEP-20 tokens on Binance Smart Chain (BSC). Biswap promises the lowest transaction fees of any BSC exchange at 0.1% and vows to be committed to innovation in DeFi through its high-quality products and services. Its referral system allows users to invite others and receive referral fees from farms, launch pools, swaps, and a lottery.

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

• Akash Network and Oasys: These cryptocurrencies have grown remarkably over the past 24 hours, with Oasys surging by 22.71% since the morning update.

Overview: The crypto market has moved steadily lower throughout the last 24 hours, with widespread declines and few pockets of growth. 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. The 2100NEWS Indices, which track the performance of various groups of tokens and coins, have reported losses ranging from -0.34% to -1.94% 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 retraced by 0.23% over the last 24 hours. Bitcoin and Ether: Bitcoin has retraced by 2.30%, while Ether has shown a more pronounced drop of 4.11% over the past 24 hours.

Oasys (OAS)

Oasys is a blockchain platform tailored specifically for the gaming industry. It addresses the limitations of traditional blockchains in handling high transaction volumes typical in games. Its multi-layered architecture, comprising the Hub-Layer (Layer 1) and Verse-Layer (Layer 2), ensures scalability, high performance, and network stability. The Hub Layer handles global data distribution and resilience, while the Verse Layer, utilizing Optimistic Rollups, facilitates fast and efficient transaction processing for game-specific subnetworks. Key features of Oasys include gasless transactions, making it cost-effective for developers and players, and an eco-friendly Proof-of-Stake (PoS) consensus mechanism that reduces energy consumption. Backed by major gaming companies like Ubisoft and Sega, Oasys ensures high data security and availability, with game assets and transactions backed up across layers to prevent data loss. This innovative approach allows Oasys to offer a seamless gaming experience with high transaction throughput and low costs, promoting the integration of blockchain technology into mainstream gaming.

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

• Alephium and Phala Network: These cryptocurrencies have grown remarkably over the past 24 hours, with Alephium rising by 9.33% since midnight.

Overview:  The crypto market has experienced a pullback and a clear downward trend, indicating that the market is currently under pressure with more sellers than buyers.

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. 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 1.82% over the previous 24 hours.
3. Bitcoin and Ether: Bitcoin has retraced by 1.58%, while Ether has shown a more pronounced drop of 2.26% over the last 24 hours.

Alephium (ALPH)

Alephium is a cutting-edge blockchain platform that supports scalable and secure decentralized applications (dApps). It combines innovative sharding technology with a stateful UTXO (sUTXO) model to ensure efficient and scalable dApps. The platform employs Proof-of-Less-Work (PoLW), reducing energy consumption to 1/8th of Bitcoin’s requirements. Alephium also features a custom virtual machine, Alphred, enhancing the security and development experience while introducing trustless peer-to-peer smart contract transactions. Addressing key blockchain challenges—accessibility, scalability, and security—Alephium offers a robust, energy-efficient, and developer-friendly environment for real-world dApps.