Movers of the Day 19-Feb-2022
Tokens and coins that moved the most in the last 24 hours:
Top movers of the day are Liquity and Injective Protocol. Since morning Liquity has surged 44.73%, Injective Protocol 26.45%. Beta Finance has increased by 9.69%.
Most cryptocurrencies finished the day lower. The tokens built on Ethereum measured by 2100NEWS DA Ethereum Based Index (NWSET100) ended -0.24%. Their movement can be seen on the adjacent NWSLT chart over the past 24 hours. Our main 2100NEWS Digital Assets Total Index (NWST1100) ended -0.15%. Ether ended -1.12% while Bitcoin ended +0.20%.
Please read the notes to find out which criteria movers have been selected.
Liquity (LQTY)
| 2100NEWS ranking: 727, Microcap Ethereum based Token, Index member: NWST1100, NWSMi500 |
| 2100NEWS DA Orderbook Quality Evaluation Grade: Poor, Score: 2.9 (Average for Microcap: 6.2) |
Liquity is a decentralized borrowing protocol that allows you to draw 0% interest loans against Ether used as collateral. Loans are paid out in LUSD – a USD pegged stablecoin, and need to maintain a minimum collateral ratio of only 110%.
Injective Protocol (INJ)
| 2100NEWS ranking: 164, Mid-cap, Index member: NWST1100, NWSM200, NWSCo100 |
| 2100NEWS DA Orderbook Quality Evaluation Grade: Ordinary, Score: 15.8 (Average for Coins: 14.9) |
Injective Protocol is the first layer-2 DEX that unlocks the full potential of decentralized derivatives and borderless DeFi. The Injective Chain is implemented as a Cosmos SDK module, built with Ethermint (EVM on Tendermint). It utilizes a Tendermint-based Proof-of-Stake to facilitate cross-chain derivatives trading across Cosmos, Ethereum, and many other layer-1 protocols. In addition, the Protocol is collision-resistant and utilizes Verifiable Delay Functions (VDFs) to prevent front-running. INJ is the token utilized on Injective and was launched via a public offering in 2020, becoming the first project backed by Binance Labs to debut on Binance Launchpad. The use cases intended for INJ include but are not limited to: protocol governance, exchange fee value capture, derivatives collateralization, liquidity mining, and staking.
Top movers of the day are API3 and Numeraire. Since midnight API3 has surged 36.02%, Numeraire 15.83%. ssv.network is 12.17% higher.
The crypto markets moved higher this morning. Since midnight 2100NEWS DA Indexes which measure the performance of different groups of tokens and coins have increased up to 2.58%. Our main 2100NEWS Digital Assets Total Index (NWST1100) which measures the performance of the major 1100 crypto assets by market capitalization is 1.40% higher. Bitcoin has increased by 0.87%, Ether by 1.29%.
API3 (API3)
| 2100NEWS ranking: 388, Small cap Ethereum based Token, Index member: NWST1100, NWSS300 |
| 2100NEWS DA Orderbook Quality Evaluation Grade: Poor, Score: 5.2 (Average for Small caps: 9.1) |
API3 is a token of API that drives a collaborative effort to create a new generation of blockchain-native, decentralized APIs, or dAPIs for short. dAPIs are composed of first-party oracles operated by API providers and thus are more secure and cost-efficient than alternative solutions that employ intermediaries. Staking the token will grant its holders full governing rights over the API3 DAO along with all the associated rewards. Staked API3 tokens will be used as collateral for the on-chain insurance service to provide quantifiable and trustless security guarantees to dAPI users.
Numeraire (NMR)
| 2100NEWS ranking: 225, Mid-cap Ethereum based Token, Index member: NWST1100, NWSM200 |
| 2100NEWS DA Orderbook Quality Evaluation Grade: Poor, Score: 11.1, (Average for Mid-caps: 12) |
Numeraire is a new cryptographic token employed in a novel auction mechanism to create overfitting economically irrational. Numeraire is an ERC20 Ethereum token that makes collaboration congenial with self-interest. Last year, a new kind of hedge fund was introduced by Numeraire. This resource enables any data scientist to not only develop machine learning patterns on the team’s data but also offer predictions to manage the capital in the team’s hedge fund. Today, a new money abstraction for Numerai is published, and it starts modern commerce with the team’s data scientists based on long-term adjustments not possible with regular money.
ssv.network (SSV)
| 2100NEWS ranking: 254, Mid-cap Ethereum based Token, Index member: NWST1100, NWSM200 |
| 2100NEWS DA Orderbook Quality Evaluation Grade: Poor, Score: 11.3 (Average for Mid-caps: 12) |
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, 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 all the way 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.
Lily
Litecoin