Movers of the Day 8-Jan-2025

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

Top movers of the day are Gas and Ontology Gas. Since 7 pm Gas has increased by 4.37%, Ontology Gas by 7.44%.

The crypto markets finished the day in red as illustrated by an adjacent chart showing the movement of the NWSBCT Index (Blue Chips) over the past 24 hours. The large caps represented by 2100NEWS 100 Large Cap Index (NWSL100) ended -1.96%. Moreover, 2100NEWS Total Index (NWST1100) ended -2.08%. Bitcoin ended -1.94%, Ether ended -1.88%.

Supplemental notes detail the criteria for highlighting these specific cryptocurrencies and indices. 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.

Ontology Gas (ONG)

Ontology is a high-performance, open-source blockchain specializing in digital identity and data. Ontology’s infrastructure supports robust cross-chain collaboration and Layer 2 scalability, offering businesses the flexibility to design a blockchain that suits their needs. With a suite of decentralized identity and data sharing protocols to enhance speed, security, and trust, Ontology’s features include ONT ID, a mobile digital ID application and DID used throughout the ecosystem, and DDXF, a decentralized data exchange and collaboration framework.

7:10 p.m. update: Top movers of the day are Ark and Gas which has increased by 12.07% since 2 pm. Ark is 4.08% higher.

In the afternoon the crypto markets were still down. Since 2 pm the tokens built on Ethereum tracked by 2100NEWS Ethereum Based Index (NWSET100) have fallen by 1.88%. 2100NEWS Total Index (NWST1100) is 1.63% lower. Bitcoin has decreased by 1.20%, Ether by 2.69%.

Gas (GAS)

GAS is a virtual currency that represents the right to use the blockchain. This coin is used to make payments for various systems on the blockchain. There are two built-in system assets, which are NEO and GAS. At the same time, NEO is described as the blockchain ownership used for electoral accounting to obtain GAS dividends; GAS powers all transactions on the NEO system, similar to what ETH does with Ethereum. However, NEO is a vital factor for mining/staking, which accrues GAS. In other words, if users own NEO, they will get GAS.

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

• STP Network and Steem: These cryptocurrencies have grown remarkably over the past 24 hours, with Steem rising by 16.54% since the morning update.

Overview: Over the last 24 hours, the crypto market experienced a steep initial drop, followed by a gradual downward trajectory with no significant recovery. The persistent bearish sentiment has weighed heavily on the market, with significant assets experiencing sharp declines.

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 -2.06% to -5.80% 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 plummeted 7.34% over the last 24 hours, underscoring the widespread nature of the sell-off across the crypto market. Bitcoin and Ether: Over the previous 24 hours, Bitcoin has plummeted 5.86%, while Ether has dived 8.80%, leading the market downward and highlighting intensified selling pressure.

Steem (STEEM)

Steem bills itself as a social blockchain that grows communities and makes revenue streams possible for users by rewarding them for sharing content. It also powers real applications via social apps like Steemit. Steem started as the cryptocurrency on the Steemit platform that rewards users for community building through upvoting and posting meaningful content. Founded in 2016 by Ned Scott and BitShares creator Dan Larimer, the Steemit platform, built atop the Steem blockchain, is a social media network that seeks to be a source of community-driven curated content such as news, Q&A, and job boards. The more value a particular piece of content can deliver across a significant number of people, the greater the reward the creator receives. Steemit users can cast votes to create a hierarchy of content. The higher the upvote count received on a content piece, the more Steem is earned by its publisher. Steemit’s meritocratic system also enables users with more currency to cast meaningful, significant influence votes.

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

• STP Network and Galxe: These cryptocurrencies have grown remarkably over the past 24 hours.
• DeepBook Protocol has increased by 1.19% since midnight.

Overview: The crypto market exhibited a continuous downward trend, marked by significant losses and a late attempt at stabilization. The steep decline underscores negative sentiment and aggressive selling, though the late stabilization suggests a cautious balance return.

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.,36% to -4.72% 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 plummeted 7.54% in the previous 24 hours.
4. Bitcoin and Ether: Over the previous 24 hours, Bitcoin has plummeted 5.91%, while Ether has led the market downward with an 8.67% dive.

DeepBook Protocol (DEEP)

DeepBook is a decentralized central limit order book (CLOB) built on the Sui blockchain, leveraging Sui’s parallel execution and low transaction fees to deliver a high-performance, low-latency on-chain trading experience. Fully on-chain, DeepBook ensures all order routing, matching, and settlement processes occur seamlessly within the blockchain, maximizing programmability, interoperability, and composability. The latest version, DeepBook v3, enhances performance and positions itself as the wholesale liquidity venue for the broader Sui DeFi ecosystem. It offers deeper and tighter liquidity, enabling better price execution for traders while providing liquidity providers more significant control over price orders than traditional Automated Market Maker (AMM) models. As the premier liquidity foundation for Sui DeFi, DeepBook powers a wide range of financial services and fosters the growth of decentralized finance by setting a new standard for on-chain trading venues.