Movers of the Day 16-Feb-2022

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

The day’s top movers are Rally and Tornado Cash. ssv.network has risen by 15.05% since 7 pm.

As illustrated by an adjacent chart showing the NWSBCT (Blue Chips) Index movement over the past 24 hours, the crypto markets ended red. Since 7 pm, the 2100NEWS DA Indexes, which measure the performance of various groups of tokens and coins, reported gains between 1.13% and 2.50%. 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 0.06%, Ether 0.29%, while Bitcoin has fallen by 0.33%.

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

ssv.network (SSV)

Once holding SSV tokens, users have the right to vote on protocol changes and improvements. Influence grant distributions and operator ranking. Additionally, holders can also use SSV tokens as fees for running validators and generating rewards for stakers. SSV Network emphasizes decentralization, security, and liveness across the Ethereum consensus layer and forms the foundation of SSV.network, which is a fully decentralized and robust ETH staking network. Millions of users join this ecosystem and find the network simple for anyone wanting to run an Ethereum validator, from DIY users to staking pools and big institutional staking services. This can apply to using the network not only as a user but also as a service provider; regardless of staking configuration, as long as duties are properly executed, anyone is eligible to provide service and reap the rewards for doing so.

In the afternoon, the crypto markets fell strongly. Top movers of the day at 19:10 are Alchemy Pay and Venus. Since 2 pm, Alchemy Pay has increased by 2.11%, Venus 2.62%. Since 2 pm 2100NEWS DA Indexes which measure the performance of different groups of tokens and coins, have fallen between 1.21% and 1.89% (NWSCo100). 2100NEWS Digital Assets Total Index (NWST1100) is 1.38% lower. Bitcoin has decreased by 1.05%, Ether 1.52%.

Venus (XVS)

Venus Protocol is an algorithmic-based money market system designed to bring a complete decentralized finance-based lending and credit system onto Binance Smart Chain. Venus enables users to utilize their cryptocurrencies by supplying collateral to the network that may be borrowed by pledging over-collateralized cryptocurrencies. This creates a secure lending environment where the lender receives a compounded interest rate annually (APY) paid per block while the borrower pays interest on the cryptocurrency borrowed.

The day’s top movers (at 2 pm) are Rally and Tornado Cash, rising by 18.32% since 9 am. The crypto markets have continued trending sideways. In the last 24 hours, the 2100NEWS Digital Assets Total Index (NWST1100), which measures 1100 significant (by market capitalization) crypto assets’ performance, has risen by 0.15%, Ether 0.44%, while Bitcoin has fallen by 0.44%.

Tornado Cash (TORN)

Tornado Cash is a decentralized, non-custodial privacy solution built on Ethereum. It improves transaction privacy by breaking the on-chain link between the recipient and destination addresses. Tornado Cash uses a smart contract that accepts ETH and ERC-20 deposits, and any on-chain address can withdraw these deposits. Whenever the new address withdraws an asset, there is no way to link the withdrawal to the deposit, ensuring asset privacy.

The crypto markets trended sideways. The day’s top movers (at 9 am) are Creditcoin and Alchemy Pay, surging by 20.39% since midnight. Over the past 24 hours, the 2100NEWS Digital Assets Total Index (NWST1100), which measures 1100 significant (by market capitalization) crypto assets’ performance, has risen by 2.05%, Ether even 3.13%, and  Bitcoin by 0.94%.

Alchemy Pay (ACH)

Alchemy is a leading cryptocurrency payment solution and technology provider in the Asia Pacific that powers online and offline merchants with fast, secure, and convenient hybrid crypto-fiat payment systems and solutions.

Ultra (UOS)

Designed to break the market monopoly, Ultra is the next-generation games distribution platform, offering new solutions to both developers and players.