Movers of the Day 5-Sep-2024

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

Top Movers of the Day:

• Avail and Oasys: These cryptocurrencies have grown remarkably over the past day, with Oasys increasing by 5.33% since 7 p.m.

Overview: The crypto market has faced significant challenges, with another considerable plunge around 4 p.m. across major 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. 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 3.26% over the last 24 hours. Bitcoin and Ether: Bitcoin has plunged by 3.37% and Ether by 3.79% 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 Big Time and ApeCoin. Since 2 p.m., Big Time has increased by 2.31%, ApeCoin by 2.77%.

In the afternoon, the crypto markets went down again. Since 2 p.m., the large caps represented by 2100NEWS 100 Large Cap Index (NWSL100) have fallen by 1.49%. 2100NEWS Total Index (NWST1100) is 1.49% lower. Bitcoin has decreased by 0.75%, Ether by 0.81%.

Big Time (BIG TIME)

Big Time is a multiplayer action RPG for PC that melds a fast-combat system with an open game economy where players actively generate and exchange game items. Their approach is to make Web3 elements invisible to players so they don’t represent an obstacle to entertainment and cater to a broader audience.

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

• Blur and Saga: These cryptocurrencies have grown remarkably over the past 24 hours.
• Avail has increased by 7.08% since the morning update.

Overview: The crypto market has consolidated and experienced a partial recovery following recent declines. While some assets have shown recovery, others continue to face losses, particularly in specific token groups. 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 -1.13% to -2.53% 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 increased by 0.47% over the last 24 hours. Bitcoin and Ether: Bitcoin has slightly increased by 0.20%, in contrast,  Ether has decreased by 0.43% over the past 24 hours.

Avail (AVAIL)

Avail is designed to be a platform that connects different ecosystems by providing a modular, scalable, and interoperable platform. Avail’s vision is to provide a cohesive, unified user experience within a flexible and modular blockchain ecosystem, drawing on lessons from Web2 to innovate in Web3. Avail is not just building a product; they are pioneering a new category in the blockchain space, paving the way for an era of enhanced scalability and seamless integration. (1) Avail aims to provide a cohesive platform that bridges the gaps between various blockchain ecosystems. (2) By implementing the right primitives and standards, Avail seeks to ensure interoperability and cooperation among diverse blockchain networks. This approach not only enhances the user experience but also fosters a more integrated and efficient blockchain ecosystem.

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

• Blur and Saga: These cryptocurrencies have grown remarkably over the past 24 hours.
• ApeCoin has increased by 2.65% since midnight.

Overview:  The crypto market has seen recovery attempts.

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 -1.42% to -2.20% 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 recovered by 0.83% over the previous 24 hours.
4. Bitcoin and Ether: Bitcoin has recovered by 0.93% and Ether by 0.81% over the last 24 hours.

ApeCoin (APE)

The APE Foundation is the steward of ApeCoin. It is not an overseer but the base layer on which ApeCoin holders in the ApeCoin DAO can build. The Foundation facilitates decentralized and community-led governance and is designed to become more decentralized over time. It is tasked with administering the decisions of the ApeCoin DAO. It is responsible for day-to-day administration, bookkeeping, project management, and other tasks that ensure the DAO community’s ideas have the support they need to become a reality. The goal of the APE Foundation is to steward the growth and development of the APE ecosystem fairly and inclusively. It utilizes the Ecosystem Fund, controlled by a multi-sig wallet, to pay its expenses as directed by the ApeCoin DAO. It also provides an infrastructure for ApeCoin holders to collaborate through open and permissionless governance processes.