Movers of the Day 26-July-2021


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

The day’s top movers are Gas and Venus, rising by 2.54% since 7 pm.

As illustrated by an adjacent chart showing the NWSBCT (Blue Chips) Index movement over the last 24 hours, the crypto markets have experienced a pullback in the green. Since 7 pm, the 2100NEWS DA Indexes, which measure the performance of various groups of tokens and coins, reported losses between -4.21% and -5.53%. 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 5.38%, Bitcoin 7.76%, and Ether by 3.57%.

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

 

XVS

Venus (XVS)

2100NEWS ranking: 122, Mid-cap Non-Ethereum based Coin, Index member: NWST1100, NWSM200, NWSCo100, NWSDM100
2100NEWS DA Orderbook Quality Evaluation Grade:  Ordinary, Score: 17, (Average for Coins: 14.7)

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.

The day’s top movers (at 7 pm) are Venus and Gas. Amp has risen by 9.34% since 2 pm. The crypto markets have consolidated. On the day, the 2100NEWS DA Indexes, which measure the performance of various groups of tokens and coins, reported gains between 6.39% and 13.48%. Over the last 24 hours, the 2100NEWS Digital Assets Total Index (NWST1100), which measures 1100 (by market capitalization) major crypto assets’ performance, jumped 10.72%, Bitcoin 14.23%, and Ether 11.1%.

 

AMP

Amp (AMP)

2100NEWS ranking: 51, Large-cap Ethereum based Token, Index member: NWST1100, NWSL100, NWSTo100, NWSET100
2100NEWS DA Orderbook Quality Evaluation Grade:  Poor, Score: 10.8, (Average for Large caps: 16.6)

Amp is the new digital collateral token offering instant, verifiable assurances for any value transfer. Using Amp, networks like Flexa can quickly and irreversibly secure transactions for a wide variety of asset-related use cases. Amp claims to offer a straightforward but versatile interface for verifiable collateralization through a system of collateral partitions and collateral managers. Collateral partitions can be designated to collateralize any account, application, or even transaction and carry balances directly verifiable on the Ethereum blockchain; collateral managers are smart contracts that can lock, release, and redirect collateral in these partitions as needed to support value transfer activities. Amp supports a wide variety of use cases for collateralization and introduces the concept of predefined partition strategies, enabling special capabilities such as collateral models through which tokens can be staked without ever leaving their original address.

The day’s top movers (at 2 pm) are Amp and Gas, rising by 19.54% since 9 am. The crypto markets have consolidated. On the day, the 2100NEWS DA Indexes, which measure the performance of various groups of tokens and coins, reported gains between 5.61% and 13.40%. Over the last 24 hours, the 2100NEWS Digital Assets Total Index (NWST1100), which measures 1100 (by market capitalization) major crypto assets’ performance, jumped 9.96%, Bitcoin 11.81%, and Ether 8.35%.

 

GAS

Gas (GAS)

2100NEWS ranking: 213, Mid-cap Non-Ethereum based Token, Index member: NWST1100, NWSM200, NWSOT50
2100NEWS DA Orderbook Quality Evaluation Grade:  Ordinary, Score: 13.3, (Average for Mid-caps: 12)

GAS is a virtual currency that represents the right to use the blockchain. This coin is used to make payments for various systems on the blockchain. There are two built-in system assets, which are NEO and GAS. While NEO is described as the ownership of the blockchain, which is used for electoral accounting to obtain GAS dividends, GAS powers all transactions on the NEO system, similar to ETH does with Ethereum. However, NEO is a vital factor for mining/staking, which accrues GAS. In other words, if users own NEO, they will get GAS.

The day’s top movers (at 9 am) are Raiden Network Token and Venus, soaring 40.33% since midnight. The crypto markets jumped. On the day, the 2100NEWS DA Indexes, which measure the performance of various groups of tokens and coins, reported gains between 5.88% and 11.71%. Over the last 24 hours, the 2100NEWS Digital Assets Total Index (NWST1100), which measures 1100 (by market capitalization) major crypto assets’ performance, jumped 10.21%, Bitcoin 12.12%, and Ether 8.68%.

 

Raiden Network TokenRaiden Network Token (RDN)

2100NEWS ranking: 460, Small cap Ethereum based Token, Index member: NWST1100, NWSS300
2100NEWS DA Orderbook Quality Evaluation Grade:  Good, Score: 11.9, (Average for Small caps: 8.1)

The Raiden Network is an off-chain scaling solution for performing ERC20-compliant token transfers on the Ethereum blockchain. Ethereum’s version of Bitcoin’s Lightning Network enables near-instant, low-fee, scalable, and privacy-preserving payments. The Raiden Network allows secure transfers of tokens between participants without the need for global consensus.



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