Movers of the Day 2-Sep-2024

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

Top movers of the day are Viction and Radiant Capital which has surged 15.05% since 7 pm. Viction is 11.50% higher. ORDI has increased by 1.35%.

In the evening the crypto markets went up and finished the day in green. 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. The tokens built on Ethereum measured by 2100NEWS Ethereum Based Index (NWSET100) ended +1.42%. Moreover, the non-Ethereum tokens represented by 2100NEWS NonEthereum Based Index (NWSOT50) finished +1.68%. Bitcoin ended +1.21%, Ether ended +2.38%.

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.

Radiant Capital (RDNT)

Capital in DeFi is extremely fragmented across chains, evidenced by the dozens of different money markets, all with their own liquidity. Lenders decide on a chain, and the assets they withdraw must exist on that same chain. Suppose a DeFi user wants to deposit wBTC on Arbitrum and withdraw ETH on mainnet. In that case, they can only do so by navigating through a series of cumbersome transactions across multiple user endpoints. This liquidity dispersion creates a suboptimal borrowing and lending experience. Radiant aims to be the first omnichain money market where users can deposit any major asset on any major chain and borrow various supported assets across multiple chains.

7:10 p.m. update: Top movers of the day are Oasys and ORDI. Since 2 pm Oasys has increased by 5.45%, ORDI by 5.75%. Dusk is 2.64% higher.

The crypto markets trended sideways. According to the yesterday’s closings the large caps represented by 2100NEWS 100 Large Cap Index (NWSL100) have decreased by 0.41%. Bitcoin and Ether are higher: BTC +0.01%, ETH +1.02%. 2100NEWS Total Index (NWST1100) has increased by 0.07%. 

ORDI (ORDI)

The Ordinal theory concerns itself with satoshis, giving them individual identities and allowing them to be tracked, transferred, and imbued with meaning. Satoshis, not Bitcoin, is the atomic, native currency of the Bitcoin network. One bitcoin can be subdivided into 100,000,000 satoshis, but no further. The ordinal theory does not require a sidechain or token aside from Bitcoin and can be used without any changes to the Bitcoin network. It works right now. Ordinal theory imbues satoshis with numismatic value, allowing them to be collected and traded as curios. Individual satoshis can be inscribed with arbitrary content, creating unique Bitcoin-native digital artifacts that can be held in Bitcoin wallets and transferred using Bitcoin transactions. Inscriptions are as durable, immutable, secure, and decentralized as Bitcoin itself.

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

• Oasys and Dusk: These cryptocurrencies have grown remarkably over the past 24 hours, with Dusk rising by 11.72% since the morning update.

Overview: The crypto market has consolidated and seen a partial recovery after the significant drop experienced on the previous day, indicating some stabilization.   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 decreased by 0.38% over the last 24 hours. Bitcoin and Ether: Bitcoin has increased by 0.51%, while Ether has experienced a more significant rise of 1.73% over the past 24 hours.

Dusk Network (DUSK)

Dusk Network is a cryptographically transparent digital ledger. A high-throughput and scalable permissionless blockchain provides confidential proof of ownership, compliance, and funds. It satisfies global privacy requirements yet enables public and regulator audits.

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

• Oasys and Avail: These cryptocurrencies have grown remarkably over the past 24 hours, with Oasys  rising by 12.08% since midnight.

Overview:  The crypto market has consolidated after a sharp drop around 11 p.m.

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 -1.11% to -2.54% 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 fallen by 1.39% over the previous 24 hours.
4. Bitcoin and Ether: Bitcoin has fallen by 0.84%, while Ether has dropped by 1.10% over the last 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.