Movers of the Day 9-Jun-2022

2100news (14)

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

The day’s top movers are TerraClassic and LCX, rising by 4.75% 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 trended sideways. At the same timespan, the 2100NEWS Digital Assets Total Index (NWST1100), which measures 1100 significant (by market capitalization) crypto assets’ performance, has fallen by 0.47%, Ether by 0.39%, and Bitcoin by 0.55%.

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

 

LCX

LCX (LCX)

2100NEWS ranking: 333, Small cap Ethereum based Token, Index member: NWST1100, NWSS300
2100NEWS DA Orderbook Quality Evaluation Grade:  Ordinary, Score: 9.1 (Average for Small caps: 9.6)

LCX, the Liechtenstein Cryptoassets Exchange, aims to become one of the world’s first licensed and supervised security token exchanges. The initial product is LCX Terminal, a crypto trading desk to trade on significant crypto exchanges within a single interface. In November 2018, LCX claimed to have been granted a Business License from the Liechtenstein Ministry of Economic Affairs. LCX AG was founded in April 2018 and is headquartered at the Principality of Liechtenstein.

In the afternoon, the crypto markets still trended sideways. The top movers of the day at 19:10 are Band Protocol and LCX. Since 2 pm, Band Protocol has surged 33.05% and LCX 15.94%. CUDOS is 7.64%. In that time, the large caps measured by 2100NEWS Digital Assets 100 Large Cap Index (NWSL100) have increased by 0.95%. 2100NEWS Digital Assets Total Index (NWST1100) is 0.43% higher. Ether has increased by 0.71%, Bitcoin only 0.07%.

 

BAND

Band Protocol (BAND)

2100NEWS ranking: 248, Mid-cap Ethereum based Token, Index member: NWST1100, NWSM200
2100NEWS DA Orderbook Quality Evaluation Grade: Good, Score: 15 (Average for Mid-caps: 12.1)

Band Protocol offers a decentralized data oracle by making data readily available to be queried on-chain, using a delegated proof of stake (“dPoS”) to ensure data integrity. It aims to be the go-to data infrastructure layer for Web 3.0 applications by providing decentralized, curated off-chain data to smart contracts through oracles managed by its dPoS consensus mechanism.

 

The day’s top movers (at 2 pm) are CUDOS and TitanSwap. Chainlink has risen by 3.86% since 9 am. The crypto markets have trended sideways. In the last 24 hours, the 2100NEWS Digital Assets Total Index (NWST1100), which measures 1100 significant (by market capitalization) crypto assets’ performance, has fallen by 0.31%, Ether by 0.28%, and Bitcoin by 0.46%.

 

ChainlinkChainlink (LINK)

2100NEWS ranking: 13, Blue chip Ethereum based Token, Index member: NWST1100, NWSL100, NWS30, NWSTo100, NWSET100
2100NEWS DA Orderbook Quality Evaluation Grade: Ordinary, Score: 23.5, (Average for Blue chips: 21)

ChainLink is safe Ethereum-based blockchain middleware that enables smart contracts on multiple networks to connect with the critical resources. The resource can be off-chain resources like different web APIs, data feed, and common bank accounts. More specifically, ChainLink allows users to connect to any existing API by efficiently attaching smart contracts on many different networks to users’ existing applications and important external data.

 

The crypto markets started out slightly lower today. The top movers of the day are Beta Finance and Decentralized Social. Since midnight Beta Finance has surged 14.94%, Decentralized Social 20.86%. CUDOS has increased by 9.96%. 2100NEWS DA Indexes, which measure the performance of different groups of tokens and coins, have decreased between 0.11% and 0.58%. 2100NEWS Digital Assets Total Index (NWST1100), which measures the performance of the major 1100 crypto assets by market capitalization, is 0.22% lower. Similarly, Ether has decreased by 0.26%, Bitcoin 0.05%.

 

CUDOS

CUDOS (CUDOS)

2100NEWS ranking: 385, Small cap Ethereum based Token, Index member: NWST1100, NWSS300
2100NEWS DA Orderbook Quality Evaluation Grade: Ordinary, Score: 10 (Average for Small caps: 9.6)

Cudos is a staking and computing token engineered to power the CUDOS network and transfer part of the value generated on the Cudo network to users who stake CUDOS. The CUDOS token is a qualification, discount, and staking token. As a discount token, it is used to transact and stake in the CUDOS network and to transfer part of the value generated on the Cudo network to users who stake CUDOS. CUDOS can also be kept, shared, or donated to charity. In the CUDOS network, the key functions of the token are: 1) Staking 2,000,000 CUDOS to become a CUDOS Validator Node and get rewards; 2) Delegated staking to support other CVNs; 3) MoE powering the on-chain CUDOS network; 4) Staking for discounts. In the Cudo ecosystem, the token can be used for: 1) Staking to receive a discount in fees or share the revenue from fees; 2) Staking to qualify for jobs and earn more significant revenue.

 

BETA

Beta Finance (BETA)

2100NEWS ranking: 277, 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 can 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.

 

DESO

Decentralized Social (DESO)

2100NEWS ranking: 349, Small cap , Index member: NWST1100, NWSS300, NWSCo100
2100NEWS DA Orderbook Quality Evaluation Grade: Poor, Score: 7.7 (Average for Coins: 14.8)

DeSo is a new type of blockchain designed to power Web 3.0 decentralized social networks. Since its inception in 2019, DeSo has aimed to solve the problems created by present social media centralization. Today, a handful of private companies effectively control public discourse, earning monopoly profits; meanwhile, the creators who actually produce the content are often underpaid and under-engaged. In contrast, DeSo’s social blockchain treats social media content as a public utility, making it permissionless and available to anyone. DeSo combines the paradigm of an open P2P financial system offered by cryptocurrencies with an efficient and scalable database infrastructure tailored to bring about the next generation of Web 3.0 social networks.

 


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