Movers of the Day 2-Apr-2022
Tokens and coins that moved the most in the last 24 hours:
Top movers of the day are Frax Share and Moonbeam. Since morning Frax Share has surged 36.00%, Moonbeam 20.37%.
Most tokens and coins finished the day in green as illustrated by an adjacent chart showing the NWSBCT (Blue Chips) Index movement over the past 24 hours. The large caps measured by 2100NEWS Digital Assets 100 Large Cap Index (NWSL100) ended +1.12%, the small caps represented by 2100NEWS Digital Assets 300 SmallCap Index (NWSS300) ended only +0.30%. Our main 2100NEWS Digital Assets Total Index (NWST1100) ended +0.47%. Ether ended +0.60% while Bitcoin ended -0.15%.
Please read the notes to find out which criteria movers have been selected.
Frax Share (FXS)
| 2100NEWS ranking: 98, Large-cap0, Index member: NWST1100, NWSL100, NWSCo100, NWSDM100 |
| 2100NEWS DA Orderbook Quality Evaluation Grade: Poor, Score: 14.2 (Average for Large-caps: 17) |
The Frax Protocol is the first fractional-algorithmic stablecoin system. Frax is open-source, permissionless, and entirely on-chain – currently implemented on Ethereum (with possible cross-chain implementations in the future). The end goal of the Frax protocol is to provide highly scalable, decentralized, algorithmic money in place of fixed-supply digital assets like BTC. The protocol incorporates the following concepts: Fractional-Algorithmic – Frax is a unique stablecoin with parts of its supply backed by collateral and parts of the supply algorithmic. The ratio of collateralized and algorithmic depends on the market’s pricing of the FRAX stablecoin. If FRAX is trading at above $1, the protocol decreases the collateral ratio. If FRAX is trading at under $1, the protocol increases the collateral ratio. Frax Shares (FXS) is the governance token that accrues fees, seigniorage revenue, and excess collateral value.
Moonbeam (GLMR)
| 2100NEWS ranking: 89, Large-cap , Index member: NWST1100, NWSL100, NWSCo100 |
| 2100NEWS DA Orderbook Quality Evaluation Grade: Ordinary, Score: 19.2 (Average for Large-caps: 17) |
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.
Top movers of the day are Biswap and ThunderCore. Since midnight Biswap has surged 50.93%, ThunderCore even 75.25%. Astar Network is 22.97% higher.
Most cryptocurrencies moved higher this morning. Since midnight 2100NEWS DA Indexes which measure the performance of different groups of tokens and coins have increased up to 2.42%. Our main 2100NEWS Digital Assets Total Index (NWST1100) which measures the performance of the major 1100 crypto assets by market capitalization is 1.00% higher. Bitcoin has increased by 0.61%, Ether by 0.68%.
Biswap (BSW)
| 2100NEWS ranking: 394, Small cap Non Ethereum based Token, Index member: NWST1100, NWSS300 |
| 2100NEWS DA Orderbook Quality Evaluation Grade: Poor, Score: 5.2 (Average for Small caps: 9) |
Biswap is a decentralized exchange (DEX) for BEP-20 tokens on Binance Smart Chain (BSC). Biswap promises the lowest transaction fees of any BSC exchange at 0.1% and vows to be committed to innovation in DeFi through its high-quality products and services. Its referral system allows users to invite others and receive referral fees from farms, launch pools, swaps, and a lottery.
ThunderCore (TT)
| 2100NEWS ranking: 319, Small cap, Index member: NWST1100, NWSS300 |
| 2100NEWS DA Orderbook Quality Evaluation Grade: Good, Score: 14.1 (Average for Small caps: 9) |
ThunderCore combines high performance with decentralized trust. Made possible by years of rigorous academic research, ThunderCore is an EVM-compatible public blockchain that offers higher throughput, faster confirmation times, and lower costs to make it quick and easy for DApps to deploy and scale. Thunder Token is the native currency of the ThunderCore blockchain. Thunder Token is to ThunderCore what Ether is to Ethereum.
Astar (ASTR)
| 2100NEWS ranking: 222, Mid-cap , Index member: NWST1100, NWSM200, NWSCo100 |
| 2100NEWS DA Orderbook Quality Evaluation Grade: Poor, Score: 14.1 (Average for Coins: 15) |
Astar Network is a dApp hub on Polkadot that supports Ethereum, WebAssembly, and layer 2 solutions like ZK Rollups. Astar aims to be a multi-chain smart contract platform that will support multiple blockchains and virtual machines. Polkadot Relay Chain doesn’t support smart contracts. That’s why the ecosystem needs to have a parachain that enables this for all developers who want to build in the Polkadot ecosystem. Astar is here to provide the best solution for all developers by supporting EVM and making a parachain where EVM and WASM smart contracts can co-exist and communicate with each other.
Lily
Litecoin