Movers of the Day 24-Jan-2022

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

Top movers of the day are DIA Token and MXC. Since 7 pm DIA Token has surged 33.31%, MXC 30.25%.

In the evening the cryptocurencies continued to go up but for the most of them still finished the day in red. 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 -1.09%. The non-Ethereum tokens represented by 2100NEWS DA NonEthereum Based Index (NWSOT50) ended -3.00%. Ether ended -0.94% while Bitcoin ended +2.69%.

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

DIA (DIA)

DIA (Decentralised Information Asset) claims to provide financial institutions with an immutable and verified single source of financial market data for any market and asset type. DIA also claims to be an open-source, data and oracle platform for the DeFi ecosystem. It is further claimed that DIA leverages crypto economic incentives to drive supply, share and use transparent, crowd-verified price data and oracles on financial and digital assets. This token is claimed to be a governance token.

Top movers of the day at 19:10 are Bonfida and Gods Unchained. Since 2 pm Bonfida has surged 32.84%, Gods Unchained 16.78%. Decentralized Social has increased by 7.28%. In the afternoon the crypto markets went up strongly. Since 2 pm 2100NEWS DA Indexes have increased up to 6.50%. 2100NEWS Digital Assets Total Index (NWST1100) is 6.00% higher. Similarly, Bitcoin has increased by 5.94%, Ether by 6.51%.

Bonfida (FIDA)

Bonfida are known as the top infrastructure developers on Solana. Bonfida was the first project in the Serum Ecosystem. Initially they provide API services and hosted the flagship Serum DEX since its launch in September 2020. With Bonfida initially offering its Serum UI and API services, it was obvious that there was a demand for products to enrich the experience of users in Decentralised Finance (DEFI). Strong demand for their products encouraged them to launch the ‘FIDA’ token on 22nd of December 2020. From these beginnings in Q4 – 2020, Bonfida has established itself with several products and revenue streams to synergistically benefit their tokenomics by their Buy & Burn program.

The day’s top movers (at 2 pm) are Decentralized Social and aelf, rising by 0.06% since 9 am. The crypto markets have plummeted. On the day, the 2100NEWS DA Indexes, which measure the performance of various groups of tokens and coins, reported losses between -6.93% and -9.71%. Over the last 24 hours, the 2100NEWS Digital Assets Total Index (NWST1100), which measures 1100 significant (by market capitalization) crypto assets’ performance, has plunged 9.55%,  Ether even 11.53%, and Bitcoin 6.28%.

aelf (ELF) 

Ælf is a distributed cloud computing blockchain network. Ælf offers high performances by using full nodes developed on cloud servers. Each smart contract runs on its Blockchain. The development of this coin is determined by users’ voting system, making it entirely community-driven. This means token holders can contribute to decision-making and representatives via their votes.

The crypto markets dropped. The day’s top movers (at 9 am) are Velo and Decentralized Social, soaring 62.29% since midnight. On the day, the 2100NEWS DA Indexes, which measure the performance of various groups of tokens and coins, reported losses between -1.44% and -3.54%. Over the last 24 hours, the 2100NEWS Digital Assets Total Index (NWST1100), which measures 1100 significant (by market capitalization) crypto assets’ performance, has dropped by 3.89%,  Ether 3.57%, and Bitcoin by 1.50%.

Decentralized Social (DESO)

DeSo is a new type of blockchain designed to power Web 3.0 decentralized social networks. Since its inception in 2019, DeSo has aimed to solve the problems created by present social media centralization. Today, a handful of private companies effectively control public discourse, earning monopoly profits; meanwhile, the creators who actually produce the content are often underpaid and under-engaged. In contrast, DeSo’s social blockchain treats social media content as a public utility, making it permissionless and available to anyone. DeSo combines the paradigm of an open P2P financial system offered by cryptocurrencies with an efficient and scalable database infrastructure tailored to bring about the next generation of Web 3.0 social networks.

Velo (VELO)

Velo is a token of Velo, a blockchain-based financial protocol enabling digital credit issuance and borderless asset transfer for businesses using a smart contract system. VELO tokens are utility tokens designed to ensure the settlement of digital credits issued in the ecosystem by being used as smart contract-locked collateral for value transfers. Value for VELO token holders will increase as demand for digital credits grows and transfer volumes increase with the addition of more business partners and end-users. Velo’s core mission is to build a decentralized settlement network that allows its Trusted Partners to securely transfer value among one another in a timely and transparent manner. Velo’s initial focus would be on business partners in the remittance and money transfer spaces in Southeast Asia, followed by the wider Asia Pacific region and beyond.