Tokens and coins that moved the most in the last 24 hours:
The day’s top movers are Fuse Network Token and UMA, rising by 16.77% 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 plummeted. Since 7 pm, the 2100NEWS DA Indexes, which measure the performance of various groups of tokens and coins, reported losses between -6.36% and -8.98%. Over the last 24 hours, the 2100NEWS Digital Assets Total Index (NWST1100), which measures 1100 significant (by market capitalization) crypto assets’ performance, has plunged 7.30%, Bitcoin 5.97%, and Ether by 7.44%.
Please read the notes to find out which criteria movers have been selected.
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.
In the afternoon, the crypto markets went down significantly. Top movers of the day at 19:10 are Fuse Network Token and Muse DAO, which has surged 16.91% since 2 pm. Fuse Network Token has increased by 8.97%, Vader Protocol 7.02%. Since 2 pm the large caps measured by 2100NEWS Digital Assets 100 Large Cap Index (NWSL100) have fallen by 0.87%. 2100NEWS Digital Assets Total Index (NWST1100) is 0.40% lower. Bitcoin has decreased 0.15%, Ether 0.10%.
Muse DAO (MUSE)
MUSE is the governance token of nft20.io. NFT20 is a decentralized exchange and protocol for tokenizing NFT projects as ERC20 tokens to make them tradable on decentralized exchanges such as UniSwap or Sushiswap. Anyone can add their NFT to the appropriate pool and receive ERC20 token derivatives representing that NFT project that can be traded on dexes right away. By creating a secondary market of ERC20 derivatives of NFTs, NFT20 hopes to address the liquidity problem in the NFT space. Addressing this problem allows for arbitrage opportunities, allows investors to gain price exposure to NFT projects without identifying and buying individual NFTs, and allows for fairer price setting and easier trading of NFTs by collectors and newcomers alike.
The day’s top movers (at 2 pm) are CUDOS and Fuse Network Token. Mina Protocol has risen by 3.48% since 9 am. The crypto markets have continued trending sideways. At the same timespan, the 2100NEWS Digital Assets Total Index (NWST1100), which measures 1100 significant (by market capitalization) crypto assets’ performance, has fallen by 0.70%, Ether 0.44%, and Bitcoin by 0.37%.
Mina Protocol is a minimal “succinct blockchain” built to curtail computational requirements to run DApps more efficiently. Mina has been described as the world’s lightest blockchain since its size is designed to remain constant despite growth in usage. Furthermore, it remains balanced in terms of security and decentralization. The project was rebranded from Coda Protocol to Mina in October 2020.
The crypto markets trended sideways. The day’s top movers (at 9 am) are Internet Computer and Fuse Network Token, surging by 26.78% since midnight. On the day, the 2100NEWS DA Indexes, which measure the performance of various groups of tokens and coins, reported gains between 0.37% and 2.23%. 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 0.77%, Ether 1.53%, while Bitcoin has fallen by 0.25%.
Fuse Network (FUSE)
Fuse Network Token is required to be paid to the network to approve transactions. The Fuse network uses the token to create circulation between users looking to validate transactions on the web and validators who invest computing resources and maintain them. Every block created on the Fuse chain creates new Fuse tokens rewarded to the validators. This creates a 5% yearly inflation rate of Fuse tokens in circulation. Fuse holders can lock it and delegate it to a validator to protect against inflation and get rewarded with Fuse tokens. The holders can select their favorite validator, and validators are chosen based on having the most Fuse tokens staked. The native Fuse token is represented via an ERC-20 token on the Ethereum mainnet and can be moved between the Fuse chain and Ethereum using the bridge.
Aurora makes a breakthrough in the Blockchain world. Applying DPOS+BFT consensus mechanisms, they create lightning-fast contracts to link gaming, big data, artificial intelligence, and IoT industries. Aurora offers unique intelligent application isolation, enabling multi-chain parallel expansion and an unlimited increase of TPS with guaranteed security.