Movers of the Day 21-October


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

Top movers of the day are Hegic and Venus which has risen by 8.41% since 7 pm.

The crypto markets have continued the sharp rally as is illustrated by an adjacent chart that shows the movement of the  NWSBCT Index (Blue Chips) over the last 24 hours.  The  2100NEWS DA Indexes which measure the performance of different groups of tokens and coins ended the day between 2.67% and 7.93%. The 2100NEWS Digital Assets Total Index (NWST1100) which measures the performance of the 1100 major crypto assets by market capitalization, has soared 7.22%, Ether 7.49%, and Bitcoin 8.54%.

 

To find out based on which criteria have been selected, pleasread the notes.

Venus

Venus (XVS)

2100NEWS ranking: 718, Microcap Non- Ethereum based Coin, Index member: NWST1100, NWSMi500
2100NEWS DA Orderbook Quality Evaluation Grade: Excellent, Score: 17, (Average for Microcap: 3.3)

Venus Protocol is an algorithmic-based money market system designed to bring a complete decentralized finance-based lending and credit system onto Binance Smart Chain. Venus enables users to utilize their cryptocurrencies by supplying collateral to the network that may be borrowed by pledging over-collateralized cryptocurrencies. This creates a secure lending environment where the lender receives a compounded interest rate annually (APY) paid per block, while the borrower pays interest on the cryptocurrency borrowed.

Top movers of the day at 7 pm are Hegic and Reserve Rights which has soared 44.21% since 1 pm. The crypto markets have experienced a sharp rally. Over the last 24 hours, the 2100NEWS Digital Assets Total Index (NWST1100) which measures the performance of the 1100 major crypto assets by market capitalization, has soared 6.59%, Ether 6.91%, and Bitcoin 7.28%. The table below shows that the 2100NEWS DA Indexes which measure the performance of different groups of tokens and coins have recorded gains between 2.63% and 7.42% on the day.

Reserve Rights

Reserve Rights (RSR)

2100NEWS ranking: 65, Large-cap Ethereum based Token, Index member: NWST1100, NWSL100, NWSTo100, NWSET100, NWSDM100
2100NEWS DA Orderbook Quality Evaluation Grade: Poor, Score: 15.2, (Average for Large caps: 17.4)

The Reserve Protocol is a decentralized stablecoin system that scales supply with demand and is built to maintain 100% or more on-chain collateral backing. This design strikes a careful balance between stability, decentralization, and profitability while supporting arbitrary increases or decreases in demand. The Reserve Protocol can be implemented on top of any smart contract platform. It could be operated on its own chain, but it benefits from locating itself where collateral tokens are most liquid.

Top movers of the day at 1 pm are Idea Chain Coin and Kin which has increased by 8.4% since 10 am. The crypto markets have surged. Over the last 24 hours, the 2100NEWS Digital Assets Total Index (NWST1100) which measures the performance of the 1100 major crypto assets by market capitalization, has risen by 1.74%, Ether by 0.54%, and Bitcoin even by 3.15%. On the day the 2100NEWS DA Indexes which measure the performance of different groups of tokens and coins have recorded gains between 0.68% and 2.95%.

Kin

Kin (KIN)

2100NEWS ranking: 446, Small cap Ethereum based Token, Index member: NWST1100, NWSS300
2100NEWS DA Orderbook Quality Evaluation Grade: Poor, Score: 3.4, (Average for Small caps: 7.3)

The Kin cryptocurrency is used as money within a digital ecosystem of consumer applications and services. Kin tokens enter circulation via an incentive model referred to as the Kin Rewards Engine, or “KRE,” which rewards the developers that create compelling user experiences with Kin based on their engagement. This offers a software monetization model that incentivizes the adoption of new use cases and creation of value for a cryptocurrency, as well as encouraging the exchange of value between users, as opposed to harvesting user data and attention at no benefit to users themselves.

 

Top movers of the day at 10 am are Kin and Idea Chain Coin which has soared 59.54% since midnight. The crypto markets have experienced a Bitcoin rally and tokens rebound. Over the last 24 hours, the 2100NEWS Digital Assets Total Index (NWST1100) which measures the performance of the 1100 major crypto assets by market capitalization, has risen by 1.50%, Ether by 0.26%, and Bitcoin even by 3.47%. On the day the 2100NEWS DA Indexes which measure the performance of different groups of tokens and coins have recorded gains between 0.70% and 2.06%.

 

Idea Chain Coin

Idea Chain Coin (ICH)

2100NEWS ranking: 459, Small cap Ethereum based Token, Index member: NWST1100, NWSS300
2100NEWS DA Orderbook Quality Evaluation Grade: Poor, Score: 2.4, (Average for Small caps: 7.3)

Launched on 20/01/2020 by a team based in Turkey, ICH aims to allow inventors to register their ideas as patents, especially in developing countries in Asia and Africa. ICH describes itself as a digital currency that aims to support inventors and preserve their rights.

Gnosis Gnosis (GNO)

2100NEWS ranking: 125, Mid-cap Ethereum based Token, Index member: NWST1100, NWSM200, NWSTo100, NWSET100
2100NEWS DA Orderbook Quality Evaluation Grade: Poor, Score: 13.4, (Average for Tokens: 14.4)

Started in 2015, Gnosis is a decentralized prediction market built on the Ethereum protocol. Third-party developers will also be able to introduce their own services. A prediction market utilizes user predictions to aggregate information about future events, Individuals will be able to create prediction markets for events, allowing users to buy shares of predicted events. The platform employs a dual token structure: Gnosis (GNO) and OWL. GNO are ERC-20 tokens that the team sold during their ICO. OWL tokens are earned by staking GNO. The amount of OWL received is dependent on the length of the lock period as well as the total supply of OWL tokens in the market.

 



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