Movers of the Day 14-Jan-2022

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

The day’s top movers are Propy and Decred. MetisDAO ha risen by 6.20% 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 risen. Since 2 pm, the 2100NEWS DA Indexes, which measure the performance of various groups of tokens and coins, reported gains between 1.54% and 3.06%. 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 2.10%,  Ether 2.11%, and Bitcoin by 1.60%.

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

MetisDAO (METIS)

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 many 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. This differentiating factor 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 usually 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.

The crypto markets rose. The day’s top movers (at 7 pm) are Secret Network and Decred, soaring 30.71% since 2 pm. Since 2 pm, the 2100NEWS DA Indexes, which measure the performance of various groups of tokens and coins, reported gains between 1.27% and 1.93%. 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 0.39%,  Ether 0.10%, and Bitcoin by 0.21%.

Decred (DCR)

Decred is a self-funding cryptocurrency with a system of community-based governance integrated into its blockchain. Decred iterates on Bitcoin by employing an innovative hybrid Proof-of-Work (PoW)/Proof-of-Stake (PoS) system and Politeia governance platform to solve the issues of centralization, funding, and governance. In Decred’s hybrid system, PoW acts similarly to Bitcoin, but miners only receive 60% of the block reward. Thirty percent of the Decred block reward goes to PoS voters who quality control the miners’ work, reducing the power of the miners, putting power in the hands of the coin holders, and securing the network. The final 10% of the block reward goes into the Treasury to fund development and operations. The self-funding element ensures that Decred is sustainable over the long term.

The day’s top movers (at 2 pm) are Propy and Moonbeam, rising by 12.30% since 9 am.

As illustrated by an adjacent chart showing the NWSBCT (Blue Chips) Index movement over the past 24 hours, the crypto markets have retraced. At the same timespan, the 2100NEWS Digital Assets Total Index (NWST1100), which measures 1100 significant (by market capitalization) crypto assets’ performance, has dropped by 3.65%,  Ether even 4.05%, and Bitcoin by 3.69%.

Moonbeam (GLMR)

Moonbeam offers an Ethereum-like environment on top of Substrate (rather than a Geth-based solution). This lets developers redeploy their existing smart contracts easily, using the same tools and integrations they already use, and take advantage of the modern Substrate framework on which all Polkadot parachains are built. The Moonbeam network makes it possible for developers with Solidity or Vyper-based smart contracts to “go multi-chain” and extend their influence into the Polkadot ecosystem. Polkadot’s blockchain ensures seamless sharing of workloads on a new layer. Through Moonbeam, developers can port their existing Ethereum DApps to Polkadot or easily create new permissionless decentralized applications (dApps) using familiar Ethereum development tools. The tools on Moonbeam ensure that there is minimal change when front-end dApps are moved between chains. By using Moonbeam, Ethereum developers (which is the largest market of existing blockchain developers) will be able to bypass the scalability challenges due to the expense and constraints of the Ethereum network.

The crypto markets retraced. The day’s top movers (at 9 am) are Newton Project and Propy, soaring 41.46% since midnight. On the day, the 2100NEWS DA Indexes, which measure the performance of various groups of tokens and coins, reported gains between 0.23% and 4.05%. 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 1.94%,  Ether 1.95%, and Bitcoin by 2.20%.

Propy (PRO)

Propy Utility Token was created to promote simple integration in users’ wallets. When a user buys a property, a small percentage (about 0.2% to 1% on average) of the final buying price is charged for Propy. Coins paid for writing data to the Propy Registry are saved in the Ethereum blockchain’s particular Rewards smart contract. The total amount of coins are distributed to the coin owners, equivalent to the PRO holders. The bonuses agreement snaps a picture of coin dispensation monthly and issues quarterly bonuses based on that picture, which is saved in the blockchain. This way, all users can check whether those rewards were allocated accurately.

Newton (NEW)

Newton Project aims to build infrastructure for a community-based economy. By providing services around governance, collaboration, and incentives, Newton upgrades the corporate economy to a brand new community-based economy that benefits everyone who contributes. The Newton team is distributed worldwide and is made up of technical experts from different countries, e-commerce entrepreneurs, and other industry elites.