Movers of the Day 7-Nov-2023

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

Top movers of the daa are Ordinals and Moonriver which has increased by 4.36% since 7 pm. Ordinals is only 0.09% higher.

Most cryptocurrencies finished the day lower as illustrated by an adjacent chart showing the movement of the NWSBCT Index (Blue Chips) over the past 24 hours. The tokens built on Ethereum represented by 2100NEWS Ethereum Based Index (NWSET100) ended -1.57%. 2100NEWS Total Index (NWST1100) ended -0.48%. Ether ended -1.09% while Bitcoin ended +0.70%.

The criteria upon which these specific cryptocurrencies and indices have been highlighted are detailed in additional notes. The provided data offers a snapshot until midnight in the last 24 hours. Therefore, it may not accurately represent the current market.

Moonriver (MOVR)

Moonriver is the utility token of the Moonriver Network, Moonbeam’s Kusama deployment that serves as a “CanaryNet” to the Moonbeam Network. As such, the token utility behaviors on Moonriver will mirror that of Moonbeam. Moonbeam is a developer-oriented blockchain that strives to provide compatibility with the existing Ethereum developer toolchain and network. It does this by providing a full EVM implementation, a Web3-compatible API, and bridges that connect Moonbeam to existing Ethereum networks. This allows developers to deploy existing Solidity smart contracts and DApp frontends to Moonbeam with minimal changes. Supply and other token economic behaviors on Moonriver will be the same as on Moonbeam, but token distribution will be different to support the unique goals and attributes of the network. Moonriver will serve as a “CanaryNet” for Moonbeam, but it will also be a community-led experiment where the community will decide the direction it takes. Among other things, Moonriver used a large parachain crowdloan to obtain its initial parachain slot on Kusama.

7:10 p.m. update: Top movers of the day are Ordinals and Moonriver. Since 2 pm Ordinals has surged 24.46%, Moonriver is 20.44% higher.

The crypto markets trended sideways. In the last 24 hours the large caps measured by 2100NEWS 100 Large Cap Index (NWSL100) have fallen by 1.86%. 2100NEWS Total Index (NWST1100) is 0.96% lower. Bitcoin has decreased by 0.39%, Ether by 1.27%.

Ordinals (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):

• Energy Web Token and Ordinals have grown significantly in the last 24 hours. Energy Web Token is also noted as a significant gainer, indicating that while the overall market may be down, there are still individual tokens that are experiencing substantial growth. Ordinals have shown strong performance, with a surge of 21.22% since the morning update.

Overview:  Over the last 24 hours, the market as a whole has seen a retraction. This means that prices have pulled back following a substantial move upwards. NWSBCT Index for Blue Chips: Focusing on the more established cryptocurrencies, colloquially known as the “Blue Chips.” The NWSBCT Index aligns with the overall market trend, showing a downward trajectory in the adjacent chart. The volatility within this downtrend is evident, with the price making several peaks and troughs but generally moving downwards. The 2100NEWS Indices, which track various groups of tokens and coins, have reported losses between -0.88% and -2.70% across indices 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 fallen by 1.12% in the last 24 hours, signaling that the decline is not isolated to a few assets but is spread across a significant portion of the market. Bitcoin and Ether: the fall of Bitcoin by 1.34% and Ether by 1.27% confirms the bearish sentiment pervading the market during this time.

Energy Web Token (EWT)

Energy Web Token (EWT) is the native token of the Energy Web Chain, a public, Proof-of-Authority Ethereum Virtual Machine blockchain specifically designed to support enterprise-grade applications in the energy sector. The Energy Web Chain is operated and governed by over 25 Validator nodes from 15 countries, including utilities, grid operators, and startups. In addition to its native token, the EW Chain supports all ERC standards. The Energy Web Chain was launched in June 2019 by the Energy Web Foundation – a global nonprofit unleashing blockchain’s potential in the energy sector – and its international consortium of Members, including upstream energy companies, utilities, grid operators, software.

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

• API3 and Ordinals have shown significant growth in the last 24 hours, with Ordinals experiencing a particularly sharp increase of 48.64% since midnight.

Overview:  Over the last 24 hours, despite the notable growth in specific cryptocurrencies, the overall market has remained stable.

1. NWSBCT Index for Blue Chips: Focusing on the more established cryptocurrencies, colloquially known as the “Blue Chips.” The NWSBCT Index has shown an upward trend. The fluctuations with several peaks and troughs suggest that while there is an overall increase, there is also some volatility.
2. 2100NEWS Total Index (NWST1100): Representing a broad spectrum of the crypto market, this index tracks 1100 significant cryptocurrencies based on their market cap; it rose by 0.97% in the last 24 hours.
3. Bitcoin and Ether increases are relatively small, with Ether (0.69%) outpacing Bitcoin (0.11%) slightly in growth during the same period.

Blur (BLUR)

Blur is a unique non-fungible token (NFT) marketplace and aggregator platform that offers advanced features such as real-time price feeds, portfolio management, and multi-marketplace NFT comparisons. It claims to have faster NFT sweeps and a more intuitive interface than comparable platforms. As a result, many professional NFT traders increasingly prefer to use Blur for their trading activities — although it may be due to incentives like the recent airdrop of 360 million BLUR tokens — worth around $355M at the time of writing. An Ethereum-based platform has raised over $14m from world-class investors and traders, including Paradigm, 6529, Cozomo Medici, dhof, Bharat Krymo, Zeneca, OSF, MoonOverlord, icebergy, Deeze, Andy8052, Keyboard Monkey and many more. BLUR became prominent after launching in October 2022, when it promised airdrops of BLUR tokens to the top platform users.