Tokens and coins that moved the most in the last 24 hours:
Top movers of the day are ASTA and Marlin which has surged 30.19% since 6 pm. ASTA is 2.52% higher.
In the evening the crypto markets went down again and finished the day deep in red as illustrated by an adjacent chart showing the movement of the NWSBCT Index (Blue Chips) over the past 24 hours. Because of the Ripple’s huge drop (SEC’s lawsuit against Ripple) the coins measured by 2100NEWS DA Coin Index (NWSCo100) have the worst performance: -16.51%. The tokens built on Ethereum represented by 2100NEWS DA Ethereum Based Index (NWSET100) ended -8.87%. Bitcoin ended -1.39%, Ether ended -6.72%.
To find out based on which criteria have been selected, please read the notes.
Marlin is an open protocol that provides a high-performance programmable network infrastructure for DeFi and Web 3.0. The nodes in the Marlin network, called Metanodes, operate the MarlinVM which provides a virtual router interface for developers to deploy customized overlays and perform edge computations.
Top movers of the day at 18:10 are Basis Share and Synthetix. Since 1 pm Basis Share has increased by 11.31% and Synthetix by 13.03%.
In the afternoon the crypto markets stopped falling. In this time the coins fell the most (NWSCo100 -11.96%). Our main 2100NEWS Digital Assets Total Index (NWST1100) is 3.20% lower. Ether is 4.38% lower while Bitcoin managed to come back (+0.50%).
Synthetix, formerly Havven, is a cryptoasset backed network that enables the creation of on-chain synthetic assets. The Synthetix is a decentralized payment network where users transact directly in a price-stable cryptocurrency. Those who use the stablecoin pay fees to those who collateralize the network, compensating them for the risks of providing collateral and stability. Collateral providers control the money supply, and fees are distributed in proportion with each individual’s stabilization performance. Thus, Synthetix rewards suppliers of stability and charges those who demand it.
Top movers of the day at 13:10 are Ferrum Network and Injective Protocol. Since morning Ferrum Network has increased by 7.59% and Injective Protocol by 7.99%. Basis Share is 1.01% lower.
The crypto markets made another step down. Since morning 2100NEWS DA Indexes have fallen between 1.69% and 4.90%. With a drop of 4.79%, the coins (NWSCo100) came to -9.91% compared to yesterday’s closing. 2100NEWS Digital Assets Total Index (NWST1100) is 2.48% lower, Bitcoin -1.66%, Ether -1.84% (as of 8:10 am).
Injective Protocol (INJ)
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.
Ferrum Network (FRM)
Ferrum network is a decentralized network like the Ethereum Network or IOTA but with a unique value proposition – instead of focusing on new coins, it can represent coins in other networks. For example, you can have Ether, Bitcoin, ERC-20 tokens, or coins from almost any other blockchain transacted in the Ferrum Network. This groundbreaking innovation allows for very interesting decentralized and interoperable applications, such as the Ferrum Decentralized Exchange (Fe DEX), and the Ferrum Wallet. Both of these decentralized applications allow users to exchange and transact nearly any digital asset in a fast and inexpensive manner, without requiring them to pass the custody of their assets to a third-party.
Top movers of the day are Basis Share and Ferrum Network. Since midnight Basis Share has soared 40.31% and Ferrum Network 36.51%. Skycoin is 17.92% higher.
The crypto markets started out significantly lower today. Since midnight 2100NEWS DA Indexes which measure the performance of different groups of tokens and coins have decreased between 1.34% and 5.38% (NWSCo100). 2100NEWS Digital Assets Total Index (NWST1100) which measures the performance of the 1100 major crypto assets by market capitalization has fallen by 2.25%. Bitcoin and Ether also started out lower: BTC -1.06%, ETH -2.74%.
Basis Share (BAS)
The basis is the first cryptocurrency to implement robust, decentralized, and protocol-enforced price stability. Basis Share is an ownership token that receives inflationary rewards from Basis Cash, deriving value from the increased adoption of Basis Cash.
Skycoin was created as an answer to the shortcomings of both Bitcoin and Ethereum. Born out of necessity, no other coin was fulfilling Satoshi’s original vision of a fully decentralized digital currency. Skycoin’s platform is free from centralization and manipulation through its revolutionary Obelisk consensus algorithm. It features CX, a turing complete programming language built from the ground up to allow hundreds of thousands of devs to easily deploy applications to the blockchain. Skycoin functions as a currency with virtually-free transactions, soon-to-be-implemented absolute privacy, and Visa-like speeds with inherent asset-backed value not based on speculation.