Movers of the Day 30-Dec-2021

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

Top movers of the day are HyperDAO and MetisDAO which has surged 10.27% since 7 pm. HyperDAO is 5.44% higher.

The crypto markets finished the day in red as illustrated by an adjacent chart showing the NWSBCT (Blue Chips) Index movement over the past 24 hours. 2100NEWS DA Indexes ended between -0.03% and -1.10%. 2100NEWS Digital Assets Total Index (NWST1100) and Bitcoin ended -0.58% each. Ether ended -0.75%.

 

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

 

MetisDAO (METIS)

2100NEWS ranking: 449, Small cap Ethereum based Token, Index member: NWST1100, NWSS300

2100NEWS DA Orderbook Quality Evaluation Grade: Poor, Score: 5.7 (Average for Small caps: 8.9)

Based on the spirit of Optimistic Rollup, Metis is building an easy-to-use, highly scalable, low-cost, and fully functional Layer 2 framework (Metis Rollup) to fully support the application and business migration from Web 2.0 to Web 3.0. Its scalable protocol supports a wide range of use cases, including yield farming, DEX trading, and powering the gig economy via dApps that offer cheap and fast micropayments. Metis integrates the Decentralized Autonomous Company (DAC) framework within its Layer 2 infrastructure, a differentiating factor that makes it easy for any developers, builders, or community leaders to build their applications and communities. It also makes it easy to use the pre-set tools to facilitate their development, manage collaboration, and enjoy the network effects of the world’s largest decentralized finance ecosystem, without the costs and bottlenecks normally associated with Ethereum. Metis’ goal is to make building dApps and DACs on its platform so easy to do, even total blockchain novices can make it happen in a matter of minutes.

 

Top movers of the day at 19:10 are NAGA and HyperDAO which has surged 17.72% since 2 pm. NAGA has increased by 13.16%, MetisDAO by 9.89%.

In the afternoon the crypto markets trended sideways. Since yesterday’s closing 2100NEWS DA Indexes have increased up to 1.33%. 2100NEWS Digital Assets Total Index (NWST1100) is 1.16% higher. Bitcoin has increased by 1.33%, Ether by 0.83%.

 

HyperDAO (HDAO)

2100NEWS ranking: 187, Mid-cap Ethereum based Token, Index member: NWST1100, NWSM200, NWSET100

2100NEWS DA Orderbook Quality Evaluation Grade: Poor, Score: 12.8 (Average for Ethereum based Tokens: 14.5)

HyperDAO is committed to creating an efficient, transparent, and achievable autonomous digital asset financial ecosystem that serves as a one-stop platform for all your financial needs. HyperDAO will gradually transform its existing centralized business model into decentralized and governed by our community members. By implementing the concepts of decentralization and community governance, HyperDAO will take a step towards a truly decentralized society, one in which decision-making processes are both transparent and autonomous.

 

The day’s top movers (at 2 pm) are NAGA and Swipe, surging by 22.50% since 9 am.

, the crypto markets have risen. Since 9 am, the 2100NEWS DA Indexes, which measure the performance of various groups of tokens and coins, reported gains between 0.89% and 1.80%. 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 1.26%,  Bitcoin 1.31%, and Ether by 0.04%.

 

Swipe (SXP)

2100NEWS ranking: 151, Mid-cap Ethereum based Token, Index member: NWST1100, NWSM200, NWSTo100, NWSET100

2100NEWS DA Orderbook Quality Evaluation Grade:  Good, Score: 17.7 (Average for Tokens: 14.8)

The Swipe Wallet has been designed to require Swipe Tokens SXP to perform all Wallet functions. Users on the Swipe Wallet will be able to buy, sell, and pay with their cryptocurrencies to fiat directly within the wallet application and purchase Gift Cards and make instant exchanges between all supported assets. Users will be able to use their SXP tokens at launch with tiered benefits based on the SXP balance in the Wallet Contract. All Swipe Wallets require a 1 SXP deposit to activate and utilize on-chain functions based on an audited Smart Wallet Contract to perform its duties. The protocol has been designed and built on Ethereum.

 

The crypto markets rebounded. The day’s top movers (at 9 am) are GXChain and Frax Share, rising by 16.52% since midnight. Over the last 24 hours, the 2100NEWS Digital Assets Total Index (NWST1100), which measures 1100 significant (by market capitalization) crypto assets’ performance, has fallen by 1.45%, Ether even 2.29%, and Bitcoin by 1.26%.

 

Frax Share (FXS)

2100NEWS ranking: 129, Mid-cap0, Index member: NWST1100, NWSM200, NWSCo100, NWSDM100

2100NEWS DA Orderbook Quality Evaluation Grade:  Ordinary, Score: 14.2 (Average for Coins: 14.8)

The Frax Protocol is the first fractional-algorithmic stablecoin system. Frax is open-source, permissionless, and entirely on-chain – currently implemented on Ethereum (with possible cross-chain implementations in the future). The end goal of the Frax protocol is to provide highly scalable, decentralized, algorithmic money in place of fixed-supply digital assets like BTC. The protocol incorporates the following concepts: Fractional-Algorithmic – Frax is a unique stablecoin with parts of its supply backed by collateral and parts of the supply algorithmic. The ratio of collateralized and algorithmic depends on the market’s pricing of the FRAX stablecoin. If FRAX is trading at above $1, the protocol decreases the collateral ratio. If FRAX is trading at under $1, the protocol increases the collateral ratio. Frax Shares (FXS) is the governance token that accrues fees, seigniorage revenue, and excess collateral value.

 

GXChain (GXC)

2100NEWS ranking: 260, Mid-cap, Index member: NWST1100, NWSM200, NWSDM100

2100NEWS DA Orderbook Quality Evaluation Grade: Good, Score: 15.5 (Average for Mid-caps: 11.8)

GXChain bills itself as a blockchain for the global data economy, designed to build a trusted data internet of value’. Leveraging the DPoS-based Graphene as the underlying architecture, GXChain’s functionality includes G-ID, GVM, BaaS, and Blockcity, which reportedly streamlines application development. Blockcity, the GXChain-based DApp, reportedly has more than 2M verified users and provides data for other DApps and strategic partners. GXChain launched a decentralized data marketplace that reportedly serves hundreds of Chinese enterprises. The GXChain team launched its mainnet in June 2017.

 

QuickSwap (QUICK)

2100NEWS ranking: 332, Small cap Ethereum based Token, Index member: NWST1100, NWSS300, NWSDM100

2100NEWS DA Orderbook Quality Evaluation Grade: Good, Score: 12.8 (Average for Small caps: 8.9)

QuickSwap is a fork of the originator of Automated Market Makers in the now rapidly expanding DeFi sector of the Cryptocurrency industry, Uniswap. Both, of course, are magical. Only, rather than settling for the magic of unicorns, we’ve opted for the magic of dragons. It’s a much faster kind of magic, currently only available in a land far, far away, known by the locals as Layer 2.