Movers of the Day 9-Dec-2021

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

The day’s top movers are Contentos and Kin. Phala Network has risen by 18.81% since 7 pm.

As illustrated by an adjacent chart showing the NWSBCT (Blue Chips) Index movement over the past 24 hours, the crypto markets have plunged.  At the same timespan, the 2100NEWS Digital Assets Total Index (NWST1100), which measures 1100 significant (by market capitalization) crypto assets’ performance, has plunged by 5.18%, Ether 5.58%, and Bitcoin by 5.05%.

Please read the notes to find out which criteria movers have been selected.

Phala Network (PHA)

Phala Network is a privacy-preserving cloud computing service, which offers computing power comparable to existing cloud services and protects the privacy of managed programs. Based on TEE-Blockchain Hybrid Architecture, developers can deploy confidential smart contracts running inside the TEE Enclaves in the CPU. Phala is also based on Substrate and will run as a parachain of the Polkadot ecosystem.

In the afternoon the crypto markets went down significantly. The top movers of the day at 19:10 are Veritaseum and Contentos which has surged 14.21% since 2 pm. Veritaseum has increased by 6.08%. Since 2 pm 2100NEWS DA Indexes have fallen between 2.35% and 3.24%. 2100NEWS Digital Assets Total Index (NWST1100) is 2.64% lower. Bitcoin has decreased by 2.06%, Ether by 2.92%.

Contentos (COS)

Contentos is a blockchain protocol that aims to form the foundation for a decentralized digital content ecosystem that empowers all members, including creators, consumers, and advertisers, to earn fair compensation for their contributions. Contentos also intends to establish itself as the future Ethereum of digital content, accepting content DApps of all kinds.

The day’s top movers (at 2 pm) are Measurable Data Token and WAX. API3 has risen by  2.7% since 9 am. The crypto markets have continued trending sideways. On the day, the 2100NEWS DA Indexes, which measure the performance of various groups of tokens and coins, reported losses between -1.22% and 3.49%. Over the last 24 hours, the 2100NEWS Digital Assets Total Index (NWST1100), which measures 1100 significant (by market capitalization) crypto assets’ performance, has risen by 0.91%,  Ether 0.73%, and Bitcoin by 0.41%.

API3 (API3)

API3 is a token of API that drives a collaborative effort to create a new generation of blockchain-native, decentralized APIs, or dAPIs for short. dAPIs are composed of first-party oracles operated by API providers and thus are more secure and cost-efficient than alternative solutions that employ intermediaries. Staking the token will grant its holders full governing rights over the API3 DAO along with all the associated rewards. Staked API3 tokens will be used as collateral for the on-chain insurance service to provide quantifiable and trustless security guarantees to dAPI users.

The crypto markets trended sideways. The day’s top movers (at 9 am) are Measurable Data Token and Kin, surging by 28.88% since midnight.  On the day, the 2100NEWS DA Indexes, which measure the performance of various groups of tokens and coins, reported losses between -0.24% and 1.54%. Over the last 24 hours, the 2100NEWS Digital Assets Total Index (NWST1100), which measures 1100 significant (by market capitalization) crypto assets’ performance, has risen by 0.01%,  Ether 0.53%, while Bitcoin has fallen by 0.95%.

Kin (KIN)

The Kin cryptocurrency is used as money within a digital ecosystem of consumer applications and services. Kin tokens enter circulation via an incentive model called the Kin Rewards Engine, or “KRE,” which rewards the developers who 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 the creation of value for a cryptocurrency and encourages the exchange of value between users, as opposed to harvesting user data and attention at no benefit to users themselves.

Measurable Data Token (MDT) 

Measurable Data Token is a crypto token for a decentralized data exchange ecosystem. MDT connects data providers, users, and data buyers and denominates the data’s value when exchanged. MDT enables a more efficient, transparent, and honest market for data trading.