Movers of the Day 29-Aug-2024

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

Top Movers of the Day:

• Dusk and Oasys: These cryptocurrencies have grown remarkably over the past day, with Oasys increasing by 5.54% since 7 p.m.

Overview: The crypto market has faced significant challenges, with an early rise being largely erased by subsequent declines. The market remains volatile, with mixed outcomes across different indices and leading cryptocurrencies.

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 trend. The 2100NEWS Indices, which track the performance of various groups of tokens and coins, have reported losses ranging from -1.31% to -2.82% 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 been unchanged over the last 24 hours. Bitcoin and Ether: Bitcoin has increased by 0.53%, in contrast, Ether has slightly decreased by 0.12% 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.

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.

7:10 p.m. update: The Top movers of the day are Oasys and Chromia; Chromia has increased by 4.66% since 2 p.m. Oasys is 1.36% higher.

The crypto markets stopped going up. Over the past 24 hours, the large caps measured by 2100NEWS 100 Large Cap Index (NWSL100) have increased by 1.79%. Moreover, the 2100NEWS Total Index (NWST1100) is 2.12% higher. Bitcoin has increased by 2.10%, Ether by 2.33%.

Chromia (CHR)

Chromia is a blockchain platform for decentralized applications, conceived in response to the shortcomings of existing platforms and designed to enable a new generation of dapps to scale beyond what is currently possible. Chromia gives power to developers to give power to the public. Chroma is a meta token native to Chromia. It serves as a medium for exchange and an economic balancing tool for dapps deployed on Chromia. It: – Enables dapps to pay for system resource usage – Enables resource conversion between dapps – Enables smart contract automatic conversion – Enables liquidity and profit-sharing – Provides a mechanism for validator nodes to stake a security deposit for participation in the public network.

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

• LayerZero and Oasys: These cryptocurrencies have grown remarkably over the past 24 hours, with Oasys rising by 9.26% since the morning update.

Overview: The crypto market has recovered after a significant drop on the previous day. 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. 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 increased by 0.30% over the last 24 hours. Bitcoin and Ether: Bitcoin has increased by 0.42%, while Ether has risen by 1.46% over the past 24 hours.

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

• Chromia and LayerZero: These cryptocurrencies have grown remarkably over the past 24 hours, with LayerZero increasing by 6.01% since midnight.

Overview:  The crypto market has slightly recovered 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 mirrored the overall market trend.
2. The 2100NEWS Indices, which track the performance of various groups of tokens and coins, have reported losses ranging from -0.48% to -0.99% 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 slightly recovered by 0.27% over the previous 24 hours.
4. Bitcoin and Ether: Bitcoin has recovered by 0.70%, while Ether has shown a sharp recovery of 3.57% over the last 24 hours.

LayerZero (ZRO)

LayerZero is an omnichain interoperability protocol that supports censorship-resistant messages and permissionless development through immutable smart contracts called Endpoints. The protocol exists in perpetuity. Anyone can use it. No one can tamper with the data packets that move between chains.