Movers of the Day 26-Sep-2021

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

Top movers of the day are PowerPool and dYdX. Since 9 am PowerPool has surged 108.46% and dYdX 26.48%. TROY is 42.83% higher.

After lower start of the day the crypto markets turned up and most of them finished in green. Today’s crypto market movement is illustrated by an adjacent chart showing the movement of the NWSBCT Index (Blue Chips) over the past 24 hours. The tokens built on Ethereum measured by 2100NEWS DA Ethereum Based Index (NWSET100) ended +2.05%. Similarly, our main 2100NEWS Digital Assets Total Index (NWST1100) ended +2.09%. Bitcoin ended +1.96%, Ether ended +5.78%.

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

 

CVP

PowerPool (CVP)

2100NEWS ranking: 398, Small cap Ethereum based Token, Index member: NWST1100, NWSS300
2100NEWS DA Orderbook Quality Evaluation Grade: Good, Score: 11.6 (Average for Small caps: 8.4)

The PowerPool is a protocol for pooling governance tokens (GTs), such as COMP, BAL, LEND, YFI, BZRX, AKRO, and many others. The minority token holders can extract minimal utility from such tokens for two reasons: (1) they cannot influence the votes; (2) the significant share of such tokens doesn’t provide any income. As a result, the fundamental value of such tokens for the minority holder is close to zero, and protocols face voters’ apathy problem. PowerPool allows the token holders to lend, pool, borrow governance tokens, get income from them, and accumulate governance power in protocols based on Ethereum. The Power Pool’s mission is to expand the utility of governance tokens to the end-users and provide new coordination for decision-making in the Defi ecosystem.

 

TROY

TROY (TROY)

2100NEWS ranking: 338, Small cap Non Ethereum based Token, Index member: NWST1100, NWSS300, NWSOT50
2100NEWS DA Orderbook Quality Evaluation Grade: Good, Score: 16.2 (Average for Non Ethereum based Tokens: 11)

Troy Trade is a global prime broker specialized in crypto trading and asset management. We provide crypto brokerage services for institutional clients and professional traders with revolutionary products, including spot & margin trading, derivatives, data, custody, lending and staking in one account.

 

Top movers of the day are dYdX and Enzyme Finance which has surged 17.72% since midnight. dYdX has increased by 10.77% and IoTeX by 8.58%.

The crypto markets started out significantly lower. Since midnight 2100NEWS DA Indexes which measure the performance of different groups of tokens and coins have fallen between 2.08% and 3.63% (NWSCo100). Our main 2100NEWS Digital Assets Total Index (NWST1100) which measures the performance of the major 1100 crypto assets by market capitalization is 2.63% lower. Bitcoin has decreased by 1.59% and Ether by 3.08%.

 

IOTX

IoTeX (IOTX)

2100NEWS ranking: 111, Mid-cap Ethereum based Token, Index member: NWST1100, NWSM200, NWSTo100, NWSET100
2100NEWS DA Orderbook Quality Evaluation Grade: Ordinary, Score: 14.5 (Average for Tokens: 14.7)

IoTeX is a decentralized network for the Internet of Things, powered by a Privacy-Centric Blockchain. Despite its rapid evolution, IoT is still far from reaching mass adoption and lacks “killer applications” that would draw new users to the ecosystem due to low scalability, high operating cost, privacy concerns, and lack of functional values. IoTeX is tackling this problem by introducing a token economy into IoT spaces. We strongly believe that crypto incentives and the community effort are the two key forces to propel innovations in the IoT space. In short, IoTeX is the next-generation IoT-oriented blockchain platform with strong scalability, privacy, isolatability, and developability for incubating new IoT applications and ecosystems.

 

DYDX

dYdX (DYDX)

2100NEWS ranking: 103, Mid-cap Ethereum based Token, Index member: NWST1100, NWSM200, NWSTo100, NWSET100
2100NEWS DA Orderbook Quality Evaluation Grade: Ordinary, Score: 15 (Average for Tokens: 14.7)

DYDX is a governance token that allows the dYdX community to truly govern the dYdX Layer 2 Protocol (“the protocol”). By enabling shared control of the protocol, DYDX allows traders, liquidity providers, and partners of dYdX to work collectively towards an enhanced Protocol. DYDX enables a robust ecosystem around governance, rewards, and staking — each designed to drive future growth and decentralization of dYdX, resulting in a better experience for users. Staking pools are designed to promote liquidity and safety on the Protocol. Rewards programs for trading, liquidity providing, and past usage of dYdX will help drive growth and adoption of dYdX.

 

MLN

Enzyme Finance (MLN)

2100NEWS ranking: 239, Mid-cap Ethereum based Token, Index member: NWST1100, NWSM200, NWSDM100
2100NEWS DA Orderbook Quality Evaluation Grade: Poor, Score: 8.4 (Average for Mid-caps: 11.9)

Mellon is a digital asset management platform driven by the Ethereum blockchain. Mellon aims to help different types of asset managers, whether individual investors or institutional investment managers, manage their portfolios safely, quickly, and efficiently.

 


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