Movers of the Day 11-May-2022

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

The day’s top movers are Kin and Maker. TerraUSD has risen by 16.85% 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 plunged. UST is crypto deja vu of Lehman Brothers’ Failure. Since 2 pm, the 2100NEWS DA Indexes, which measure the performance of various groups of tokens and coins, reported losses between -10.49% and -20.05%.  Over the last 24 hours, the 2100NEWS Digital Assets Total Index (NWST1100), which measures 1100 significant (by market capitalization) crypto assets’ performance, has plunged 12.56%, Bitcoin 6.14%, and Ether 9.14%.

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

 

TerraUSD (UST)

TerraUSD is trying to restore the peg to $.

The crypto markets dropped again. The top movers of the day are Maker DAO and Nimiq. In the afternoon, they fell both, but they are higher than at 9 am. Maker DAO +14.45%, Nimiq +15.25%. Since 2 pm 2100NEWS DA Indexes which measure the performance of different groups of tokens and coins, have fallen between 4.97% and 11.87% (NWSCo100). 2100NEWS Digital Assets Total Index (NWST1100) is 6.97% lower. Bitcoin has fallen by 3.49%, Ether 7.85%.

 

Nimiq (NIM)

2100NEWS ranking: 713, Microcap, Index member: NWST1100, NWSMi500

2100NEWS DA Orderbook Quality Evaluation Grade: Poor, Score: 4.1 (Average for Microcap: 6.3)

Nimiq is blockchain technology inspired by Bitcoin but designed for the browser. Implemented in Rust and JavaScript, Nimiq empowers web developers to easily access and build on it. Only three lines of code connect any web application directly to the blockchain, making it easily accessible to web-based businesses and projects, too. Unlike cryptocurrencies such as Bitcoin and Ethereum, Nimiq does not require a third-party node to send transactions directly from the browser. This advantage allows for a new level of accessibility and user experience without compromising on decentralization or censorship resistance.

 

The day’s top movers (at 2 pm) are Nestree and Maker, surging by 27.02% since 9 am. The crypto markets have plunged. In the last 24 hours, the 2100NEWS Digital Assets Total Index (NWST1100), which measures 1100 significant (by market capitalization) crypto assets’ performance, has plunged 4.99%, Bitcoin 0.35%, while Ether has risen by 0.39%.

 

Maker (MKR)

2100NEWS ranking: 60, Large-cap Ethereum based Token, Index member: NWST1100, NWSL100, NWSTo100, NWSET100

2100NEWS DA Orderbook Quality Evaluation Grade: Poor, Score: 14 (Average for Large-caps: 17.2)

Maker is a distributed autonomous organization on the Ethereum blockchain network attempting to decrease the price volatility of its durable coin — the Dai — against the IMF’s international currency basket SDR.

 

The crypto markets plunged. The day’s top movers (at 9 am) are Chain and XYO, rising by 19.05% since midnight. The risks surrounding Terra’s stablecoin (UST) have caused the decline in crypto markets. The death spiral between TerraLuna and UST has caused LUNA to crash and further emphasized a bank run on UST. UST is an algorithmically backed token, unlike other stablecoins such as USDT, backed by fiat collateral and other liquid assets. At any time, users on Terra can burn $1 of LUNA to mint 1 UST or burn 1 UST to redeem $1 worth of LUNA. Therefore, the fate of UST and LUNA are closely linked, and so are the risks involved.  Over the last 24 hours, the 2100NEWS Digital Assets Total Index (NWST1100), which measures 1100 significant (by market capitalization) crypto assets’ performance, has plunged 7.15%, Bitcoin 4.37%, and Ether 3.54%.

 

XYO (XYO)

2100NEWS ranking: 182, Mid-cap Ethereum based Token, Index member: NWST1100, NWSM200, NWSET100, NWSDM100

2100NEWS DA Orderbook Quality Evaluation Grade: Poor, Score: 13 (Average for Ethereum based Tokens: 14.6)

XYO is a decentralized data oracle that can validate data from multiple sources without requiring a trusted relationship. XYO means you can keep a permanent record of invaluable data between two devices, even if they are owned and controlled independently, whether it’s a photo of your dog or the temperature in a shipping truck. Use XYO to establish the validity of your data or the data of others and join us in our movement to transform industries and everyday life with our technology.

 

Edgeware (EDG)

2100NEWS ranking: 549, Small cap, Index member: NWST1100, NWSS300

2100NEWS DA Orderbook Quality Evaluation Grade: Ordinary, Score: 9.1 (Average for Small caps: 9.2)

Edgeware is a high-performance, self-upgrading WASM smart contract platform in the Polkadot ecosystem.