Tokens and coins that moved the most in the last 24 hours:
Top movers of the day are Effect.AI and Augur. Since 6:30 pm Effect.AI has surged 42.04% and Augur 20.83%.
In the evening the crypto markets made another step down and finished the day deep in red. Today’s crypto market movement is illustrated by an adjacent chart that shows the movement of the NWSBCT Index (Blue Chips) over the last 24 hours. 2100NEWS DA Indexes which measure the performance of different groups of tokens and coins ended between -2.23% and -6.59% (NWSOT50 which measures the performance of the non-Ethereum tokens). Our main 2100NEWS Digital Assets Total Index (NWST1100) ended -3.21%. Bitcoin and Ether also ended the day lower: BTC -2.03%, ETH -5.53%.
To find out based on which criteria have been selected, please read the notes.
Top movers of the day at 18:30 are OMG Network and Effect.AI which has surged 27.14% since 1 pm. OMG Network has increased by 12.66%. Read the warning below about Karatgold Coin.
In the afternoon the crypto markets went down. Since 1 pm the tokens built on Ethereum measured by 2100NEWS DA Ethereum Based Index (NWSET100) have fallen by 1.67% (-1.00% as of yesterday EOD). The coins represented by 2100NEWS DA Coin Index (NWSCo100) are 1.50% lower (-1.13% as of yesterday EOD). Our main 2100NEWS Digital Assets Total Index (NWST1100) has decreased by 0.65%. Bitcoin and Ether are slightly lower: BTC -0.08%, ETH -0.48%.
Effect.AI is a Dutch project founded in 2017 with the aim to decentralize AI development. The goal of the company is to make AI development accessible and affordable to everyone. This is done by the creation of The Effect Network. The Effect Network is an inclusive network that incentivizes participation and collaboration in AI development around the world. It is an open protocol that is built on blockchain technology. The Network consists of AI-related dApps that are connected to the same Smart Contract stack. The Smart Contracts that make up The Effect Network include the EFX token, a staking and governance model, and several user directories. Effect.AI is building three initial decentralized applications for the development of AI: Effect Force, Effect Smart Market, and Effect Power. Developers can tap into the resources available through these dApps, such as a global directory of workers, AI services, and compute resources. The Effect Network is powered by the EFX utility token
Karatgold Coin (KBC)
Warning: The website of the project is not available. Karatgold is affiliated with Karatbars, an organization that has had warnings issued against it by Bafin and the New Zealand Financial Markets Authority.
Top movers of the day at 1 pm are Kcash and OMG Network. Golem has increased by 6.57% since 8 am.
The crypto markets have traded sideways. At the same time, the 2100NEWS Digital Assets Total Index (NWST1100) which measures the performance of the 1100 major crypto assets by market capitalization, has increased by 0.88%, while Ether -0.01% and Bitcoin +0.01% are practically unchanged.
Golem is a peer-to-peer decentralized marketplace for computing power. The project aims to be an alternative to centralized cloud service providers with its lower price point and open-source community of developers. The Golem network pools global computing power and enables users to access these resources with GNT. Token holders pay resource owners to complete tasks requiring computational resources. The network is composed of the aggregated power of user devices. Golem is reportedly able to compute tasks that run the gamut from CGI rendering to machine learning. Transactions between participants are deemed to be safe because computations take place in sandbox environments that are sequestered from hosts’ systems.
Top movers of the day at 8 am are Qtum and OMG Network which has soared 40.15% since midnight. Tokens have led the crypto markets up. Over the last 24 hours, the 2100NEWS DA Indexes have recorded gains between 1.16% and 6.62% (NWSET100 which measures the performance of the Ethereum-based tokens). Our main 2100NEWS Digital Assets Total Index (NWST1100) which measures the performance of the 1100 major crypto assets by market capitalization, has surged by 2.75%, Ether by 1.78%, Bitcoin by 0.83%.
OMG Network (OMG)
The OMG Network is the quickest and most affordable way to transfer ETH and ERC20 tokens globally, without restrictions. Using the OMG Network, individuals and businesses can transact on a financial infrastructure that’s several times faster, 1/3rd the cost, and as secure as the Ethereum Network — while retaining full autonomy over their funds and keys. The Network scales by centralizing transaction processing and remains safe by decentralizing security. They are a medium-sized enterprise, with over 50 employees located around the world. OMG Network offices are located in Thailand, Singapore, Japan, and Poland. Established in 2017 under the brand name OmiseGO, the rebranded OMG Network is a subsidiary of SYNQA.
Qtum is a Proof-of-Stake (PoS) smart contract blockchain platform and value transfer protocol. In PoS, node operators are rewarded for validating transactions. Qtum is built on Bitcoin’s UTXO transaction model, with the added functionality of smart contract execution.