Movers of the Day 28-May-2022
Tokens and coins that moved the most in the last 24 hours:
Top movers of the day are HEX and Beta Finance. Since morning HEX has surged 12.66%, Beta Finance 11.23%. ConstitutionDAO is 8.50% higher.
The crypto markets finished the day in green as illustrated by an adjacent chart showing the movement of the NWSBCT Index (Blue Chips) over the past 24 hours. 2100NEWS DA Indexes ended between +1.08% and +4.00% (NWSDM100). Our main 2100NEWS Digital Assets Total Index (NWST1100) ended +1.55%. Bitcoin ended +0.83%, Ether ended +2.37%.
Please read the notes to find out which criteria movers have been selected.
HEX (HEX)
| 2100NEWS ranking: 20, Blue chip Ethereum based Token, Index member: NWST1100, NWSL100, NWS30, NWSTo100, NWSET100, NWSDM100 |
| 2100NEWS DA Orderbook Quality Evaluation Grade: Extremely Weak, Score: 9.4 (Average for Blue chips: 21) |
HEX is an ERC20 token launched on the Ethereum network. HEX is designed to be a store of value to replace the Certificate of Deposit as the blockchain counterpart of that financial product used in traditional financial markets. HEX is also designed to leverage the emerging DeFi (Decentralised Finance) ecosystem in cryptocurrencies within the Ethereum network. HEX uses the Ethereum network for the transaction layer (sending and receiving HEX tokens and interacting with the HEX smart contract). At the same time, the consensus code and staking mechanism are contained in the HEX smart contract.
Beta Finance (BETA)
| 2100NEWS ranking: 299, Mid-cap Ethereum based Token, Index member: NWST1100, NWSM200, NWSDM100 |
| 2100NEWS DA Orderbook Quality Evaluation Grade: Poor, Score: 10.7 (Average for Mid-caps: 12.1) |
Beta Finance is a permissionless money market on Ethereum for borrowing, lending, and shorting crypto assets. It allows users to access a scalable and accessible money market where tokens can be listed permissionless and automatically and where users can short these tokens. Beta Finance plans to launch on additional layer one and layer two solutions after its Ethereum Mainnet launch. Users have three options: lending, borrowing, and shorting. Lenders will be able to lend crypto assets for any market on Beta Finance and earn interest on it. Borrowers can take the contrary position, while short-sellers can use collateral to initiate short positions. Unlike centralized exchanges, Beta Finance does not use an order book to execute shorts but routes the trade through decentralized exchanges that use automated market makers. As part of its Phase 2 launch, the platform plans to release permissionless money market creation.
Top movers of the day are Anchor Protocol and Mirror Protocol. Since midnight Anchor Protocol has surged 37.88%, Mirror Protocol 23.19%. Remember that the both of them have experienced high volatility in the last month. Evmos has increased by 13.00%.
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 2.42%. Our main 2100NEWS Digital Assets Total Index (NWST1100) which measures the performance of the major 1100 crypto assets by market capitalization is 0.76% higher. Bitcoin has increased by 0.48%, Ether even 1.35%.
Anchor Protocol (ANC)
| 2100NEWS ranking: 279, Mid-cap Non Ethereum based Token, Index member: NWST1100, NWSM200, NWSOT50, NWSDM100 |
| 2100NEWS DA Orderbook Quality Evaluation Grade: Good, Score: 14.3 (Average for Mid-caps: 12.1) |
| Warning: High volatility |
Anchor Protocol is a lending and borrowing protocol on the Terra blockchain. It uses an over-collateralized architecture to allow users to lend, borrow and earn interest with their digital assets. Anchor is a savings protocol on the Terra blockchain that enables fast withdrawals and pays depositors a low-volatility interest rate, which is amongst the highest among stablecoins at ~19.5%. Anchor makes deposits available to borrowers who pledge liquid-staked PoS assets, bLUNA and bETH, as security.
Evmos (EVMOS)
| 2100NEWS ranking: 538, Small cap , Index member: NWST1100, NWSS300 |
| 2100NEWS DA Orderbook Quality Evaluation Grade: Extremely Weak, Score: 3 (Average for Small caps: 9.4) |
Evmos is a scalable, high-throughput Proof-of-Stake blockchain that is fully compatible and interoperable with Ethereum. It’s built using the Cosmos SDK (opens new window) which runs on top of Tendermint Core (opens new window) consensus engine. Evmos allows for running vanilla Ethereum as a Cosmos (opens new window) application-specific blockchain. This allows developers to have all the desired features of Ethereum, while at the same time, benefit from Tendermint’s PoS implementation. Also, because it is built on top of the Cosmos SDK, it will be able to exchange value with the rest of the Cosmos Ecosystem through the Inter Blockchain Communication Protocol (IBC).
Mirror Protocol (MIR)
| 2100NEWS ranking: 365, Small cap Ethereum based Token, Index member: NWST1100, NWSS300 |
| 2100NEWS DA Orderbook Quality Evaluation Grade: Excellent, Score: 15.7 (Average for Small caps: 9.4) |
| Warning: High volatility |
The mirror is a DeFi protocol powered by smart contracts on the Terra network that enables the creation of synthetic assets called Mirrored Assets (mAssets). mAssets mimic the price behavior of real-world assets and give traders anywhere in the world open access to price exposure without the burdens of owning or transacting real assets. The minting of mAssets is decentralized and is undertaken by users throughout the network by opening a position and depositing collateral. Mirror ensures that there is always sufficient collateral within the protocol to cover mAssets, and also manages markets for mAssets by listing them on Terraswap against UST.
Lily
Litecoin