Movers of the Day 23-October


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

Top movers of the day are Seele-N and Injective Protocol which has risen by 12.07% since 7 pm.

The crypto markets have continued consolidation as is illustrated by an adjacent chart that shows the movement of the  NWSBCT Index (Blue Chips) 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 fallen by 1.09%, Bitcoin by 1.55%, and Ether by 2.28%.

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

VertcoinVertcoin (VTC)

2100NEWS ranking: 282, Mid-cap, Index member: NWST1100, NWSM200
2100NEWS DA Orderbook Quality Evaluation Grade: Ordinary, Score: 12.8, (Average for Mid-caps: 11.1)

Vertcoin is not only a virtual currency but also a software project. Besides Bitcoin-like blockchain currency, Vertcoin has other features like ASIC resistant Proof-of-work (PoW) function and Stealth Address technology. The feature that makes Vertcoin differ from Bitcoin is the latter’s resistance to centralized mining and the long-term commitment of Vertcoin creators to keep it that way.

Top movers of the day at 7 pm are Kin and Injective Protocol which has increased by 4.87% since 1 pm. The crypto markets have done a pullback. 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 decreased by 1.08%, Bitcoin by 0.83%, and Ether by 1.85%.

Injective Protocol

Injective Protocol (INJ)

2100NEWS ranking: 901, Microcap, Index member: NWST1100, NWSMi500
2100NEWS DA Orderbook Quality Evaluation Grade: Excellent, Score: 15.8, (Average for Microcap: 3.5)

Injective Protocol describes itself as the first layer-2 DEX that unlocks the full potential of decentralized derivatives and borderless DeFi. The Injective Chain is implemented as a Cosmos SDK module, built with Ethermint (EVM on Tendermint). It utilizes a Tendermint-based Proof-of-Stake to facilitate cross-chain derivatives trading across Cosmos, Ethereum, and many other layer-1 protocols. In addition, the protocol is collision-resistant and utilizes Verifiable Delay Functions (VDFs) to prevent front-running. INJ is the token utilized on Injective and was launched via a public offering in 2020, becoming the first project backed by Binance Labs to debut on Binance Launchpad. The use cases intended for INJ include but are not limited to: protocol governance, exchange fee value capture, derivatives collateralization, liquidity mining, and staking.

Top movers of the day at 1 pm are Kin and Moeda Loyalty Points. Dos Network has increased by 2.4% since 10 am.

The crypto markets have traded sideways as is illustrated by an adjacent chart that shows the movement of the  NWSBCT Index (Blue Chips) over the last 24 hours. At the same timespan, the 2100NEWS Digital Assets Total Index (NWST1100) which measures the performance of the 1100 major crypto assets by market capitalization, has increased by 0.85%, Bitcoin by 0.62% while Ether has risen by 3.29%.

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

DOS Network

DOS Network (DOS)

2100NEWS ranking: 380, Small cap Ethereum based Token, Index member: NWST1100, NWSS300
2100NEWS DA Orderbook Quality Evaluation Grade: Poor, Score: 3.3, (Average for Small caps: 7.3)

DOS Network is a chain-agnostic layer 2 decentralized oracle network that offers realtime data feeds and verifiable computation power to mainstream blockchains. It connects on-chain smart contracts and Dapps with off-chain data sources and unlimited computation power, enabling smart contracts with more real-world use cases.

Top movers of the day at 10 am are Kin and Moeda Loyalty Points which has risen by 12.42% since midnight. The crypto markets have experienced a pullback. 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 1.99%, Bitcoin by 0.84% while Ether has surged by 4.72%. The 2100NEWS DA Indexes which measure the performance of various groups of tokens and coins have recorded gains losses up to 1.26% on the day.

Moeda Loyalty PointsMoeda Loyalty Points (MDA)

2100NEWS ranking: 403, Small cap Ethereum based Token, Index member: NWST1100, NWSS300
2100NEWS DA Orderbook Quality Evaluation Grade: Excellent, Score: 15.3, (Average for Small caps: 7.3)

Moeda Tokens are backed by a social contract in loyal support of Green Cross Brazil to achieve the United Nations Sustainable Development Goals (SDGs). Capital appreciation of tokens will correlate to usage, investment, and projects’ sustainable profitability subject to market supply and demand dynamics. The tokens will be transferable once the sale has concluded. MDA is issued based on smart contract rules and as a loyalty benefit for a donation to Green Cross Brazil during the Initial Contribution Offering (ICO) period.

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.

 

 

 



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