Movers of the Day
Written by Branko on May 12, 2019
Tokens and coins that moved the most in the last 24 hours:
Top movers of the day are Matic Network and COVA which has increased by 11.50 in the afternoon. Generally, in the last 24 hours, the crypto markets have experienced a correction. 2100NEWS DA Indexes fell up to 4,37%. In the afternoon 2100NEWS Digital Assets Total Index (NWST1100) which measures the performance of top 1100 crypto assets by market capitalization has plummeted by 3.79%, Bitcoin by 3.93% and Ether by 3.19%.
|2100NEWS ranking: 381, Small cap, Index member: NWST1100, NWSS300|
COVA is a new paradigm for data to be used as capital. Data is quickly becoming the most important asset in the world, yet currently, there is no infrastructure to control how it is used. COVA provides a unique solution to this dilemma and allows data owners to take advantage of the commodification of data. Covalent is a privacy-protected data network that utilizes a decentralized computing network to ensure that data is encrypted at all times.
Top movers of the day at 11:30 are RChain and Matic Network which has surged by 19.69 since midnight. You will receive elsewhere as the winner Bitcore, but it does not meet our liquidity criteria. Generally, in the last 24 hours, the crypto markets have experienced a rally led by Bitcoin and Ether, turning the sentiment positive across the entire crypto space. On the chart below you can see Bitcoin-Ether index NWSBE. Today 2100NEWS Digital Assets Total Index (NWST1100) which measures the performance of top 1100 crypto assets by market capitalization, has surged by 3.79%, Bitcoin has soared by 6.34%, Ether has decreased by 0.27%.
Matic Network (MATIC)
|2100NEWS ranking: 415, Small cap, Index member: NWST1100, NWSS300|
Matic Network describes itself as is a Layer 2 scaling solution that uses sidechains for off-chain computation while ensuring asset security using the Plasma framework and a decentralized network of Proof-of-Stake (PoS) validators. Matic aims to be the de-facto platform on which developers will deploy and run decentralized applications in a secure and decentralized manner. Matic Network claims to have worked on implementations of Plasma MVP (Minimum Viable Plasma), WalletConnect protocol, and the Ethereum event notification engine – Dagger. Matic intends to provide Matic wallet, payment APIs and SDKs, products and other solutions that will allow developers to design, implement, and migrate DApps built on platforms like Ethereum. Matic plans to support other blockchains in the future to offer interoperability alongside scalability to existing public blockchains.
|2100NEWS ranking: 224, Mid-cap, Index member: NWST1100, NWSM200, NWSDM100|
The open-source RChain project is building a decentralized, economic, censorship-resistant, public compute infrastructure and blockchain. It will host and execute programs popularly referred to as “smart contracts.” It will be trustworthy, scalable, concurrent, with proof-of-stake consensus and content delivery. Using smart contracts, a broad array of fully-scalable decentralized applications (dApps) can be built on the top of this platform.