Movers of the Day 4-Feb-2021

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

Top movers of the day are Swerve and Akropolis which has soared 65.84% since 6:30 pm. Swerve has increased by 6.83% and XMax by 6.35%.

The crypto markets except Bitcoin and Ether finished the day in green as illustrated by an adjacent chart showing the  NWSET movement over the past 24 hours. 2100NEWS DA Indexes ended up to +9.46% (NWSOT50). Our main 2100NEWS Digital Assets Total Index (NWST1100) ended +0.14%. Bitcoin and Ether ended the day lower: BTC -0.37%, ETH -1.65%.

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

Akropolis (AKRO)

Akropolis is a domain-specific financial protocol dedicated to the needs of the informal economy. It is designed to: (1) enable anybody regardless of geography to quickly set up, operate and grow informal autonomous financial organizations (AFOs), e.g. digital co-ops, guilds, mutuals; (2) enable a previously impossible interoperable scalable network between them and external third parties, whereby value can be exchanged freely in a trust-minimized way (e.g. co-invest, lend/borrow, trade); (3) reduce instances of fraud and misuse of funds.

Top mover of the day at 18:30 is Base Protocol which has soared 98.45% since 2 pm. Swerve is 18.82% higher, Fusion has increased by 6.72%. In the afternoon the crypto markets were still in the sideways channel. Most 2100NEWS DA Indexes which measure the performance of different groups of tokens and coins are still more than 3% higher than 24 hours ago. Moreover, the non-Ethereum tokens measured by 2100NEWS DA NonEthereum Based Index (NWSOT50) have surged 11.42%. Our main 2100NEWS Digital Assets Total Index (NWST1100) is 0.78% higher. Ether has increased by 2.27% while Bitcoin has decreased by 0.47%.

Base Protocol (BASE)

The Base Protocol (BASE) is a synthetic crypto asset that derives its price from the total market cap (cmc) of all cryptocurrencies at a ratio of 1 : 1 trillion. BASE exists to maintain a market rate that is stably pegged to its underlying asset – the crypto industry. BASE’s peg to cmc is held stable through an elastic supply protocol. This protocol utilizes rebasing, a process which expands or contracts token supply to correct price.

The top movers of the day at 2 pm are CAP and UMA. Fusion has increased by 8.33% since 11 am. The crypto markets have trended sideways. In the last 24 hours the 2100NEWS Digital Assets Total Index (NWST1100), which measures 1100 (by market capitalization) major crypto assets’ performance, has surged by 4.0%, Bitcoin 2.65%, and Ether by 4.78%.

 Fusion (FSN)

Fusion bills itself as an all-inclusive blockchain-based financial platform that offers cross-chain, cross-organization, and cross-data source services through smart contracts. The project uses the Hierarchical Hybrid Consensus Mechanism (HHCM), which amalgamates elements from PoW, PoS, and parallel computing with the goal of creating an efficient and safe platform. Notably, Fusion leverages what it dubs ‘Distributed Control Right Management’ as a security layer that protects crypto assets on the Fusion blockchain. The distributed storage and sharding of a private key ensures means that no single node can gain control of assets. Fusion also provides for multiple triggering modes, such as time and event-based triggers, into its smart contracts, designed to meet the demands of complex financial smart contracts. Fusion is led by Dejun Qian, who also founded BitSE, a blockchain incubator that facilitated the rise of VeChain and QTUM.

The top movers of the day at 11 am, are CAP and UMA. Fusion has soared 62.66% since midnight. The crypto markets continued a consolidation. On the day, the 2100NEWS DA Indexes reported gains up to 5.28%. Over the last 24 hours, the 2100NEWS Digital Assets Total Index (NWST1100), which measures 1100 (by market capitalization) major crypto assets’ performance, has surged by 5.03%, Bitcoin 5.09%, and Ether even by 6.95%.

UMA (UMA)

UMA is designed to power the financial innovations made possible by permissionless, public blockchains, like Ethereum. UMA defines an open-source protocol that allows any two counterparties to design and create their own financial contracts using fiat financial derivatives concepts. But unlike traditional derivatives, UMA contracts are secured with economic incentives alone, making them self-enforcing and universally accessible.