Movers of the Day 22-Sep-2022

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

The day’s top movers are Reserve Rights and XRP, rising by 10.53% since 7 pm. The crypto markets have surged, as illustrated by an adjacent chart showing the NWSBCT (Blue Chips) Index movement over the last 24 hours. Since 7 pm, the 2100NEWS Indices, which measure the performance of various groups of tokens and coins, reported gains between 0.46% and 1.57%. Over the last 24 hours, the 2100NEWS Total Index (NWST1100), which measures 1100 significant (by market capitalization) crypto assets’ performance, has surged by 4.53%, Ether by 4.65%, and Bitcoin by 3.78%.

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

XRP (XRP)

XRP is a digital asset native to the XRP Ledger—an open-source, permissionless, and decentralized blockchain technology. Created in 2012 specifically for payments, XRP can settle transactions on the ledger in 3-5 seconds. It was built to be a better Bitcoin—faster, cheaper, and greener than any other digital asset. Ripple is a technology company that makes it easier to build a high-performance, global payments business. XRP is a digital asset independent of this.

The crypto markets trended sideways. The top movers of the day at 19:10 are Reserve Rights and Neblio. Since 2 pm, Reserve Rights has increased by 7.70%, Neblio 1.33%. Over the last 24 hours, the tokens built on Ethereum measured by 2100NEWS Ethereum Based Index (NWSET100) have increased by 1.54%. On the other hand, Bitcoin, Ether, and 2100NEWS Total Index (NWST1100) are lower: BTC -0.99%, ETH -4.49%, NWST1100 -0.67%.

Reserve Rights (RSR)

The Reserve Protocol is a decentralized stablecoin system that scales supply with demand and is built to maintain 100% or more on-chain collateral backing. This design strikes a careful balance between stability, decentralization, and profitability while supporting arbitrary increases or decreases in demand. The Reserve Protocol can be implemented on top of any smart contract platform. It could be operated on its own chain, but it benefits from locating itself where collateral tokens are most liquid.

The day’s top movers (at 2 pm) are Neblio and Algorand. Decred has risen by 12.89% since 9 am, and the crypto markets have rebounded. On the day, the 2100NEWS Indices, which measure the performance of various groups of tokens and coins, reported gains between 1.67% and 5.92%. Over the last 24 hours, the 2100NEWS Total Index (NWST1100), which measures 1100 significant (by market capitalization) crypto assets’ performance, has risen by 0.08% and Bitcoin by 0.17%, while Ether has dropped by 3.41%.

Decred (DCR)

Decred is a self-funding cryptocurrency with a system of community-based governance integrated into its blockchain. Decred iterates on Bitcoin by employing an innovative hybrid Proof-of-Work (PoW)/Proof-of-Stake (PoS) system and the Politeia governance platform to solve the issues of centralization, funding, and governance. In Decred’s hybrid system, PoW acts similarly to Bitcoin, but miners only receive 60% of the block reward. Thirty percent of the Decred block reward goes to PoS voters who quality control the miners’ work, reducing the power of the miners, putting power in the hands of the coin holders, and securing the network. The final 10% block reward goes into the Treasury to fund development and operations. The self-funding element ensures that Decred is sustainable over the long term.

After another FED 75 bps interest rate hike, the crypto markets plunged and have rebounded. The day’s top movers (at 9 am) were BitShares and Neblio, rising by 18.94% since midnight. On the day, the 2100NEWS Indices, which measure the performance of various groups of tokens and coins, reported gains between 0.35% and 2.97%. Over the last 24 hours, the 2100NEWS Total Index (NWST1100), which measures 1100 significant (by market capitalization) crypto assets’ performance, has declined by 0.87%, Ether even 4.52%, and Bitcoin by 0.58%.

Neblio (NEBL)

Neblio is a secure, distributed platform built for enterprise applications and services.

BitShares (BTS)

BitShares is a primary distributed multi-user database with update allowances managed by a defined set of rules and public key cryptography. The BitShares Software is an open source that is straightforward to copy and transform and most significantly protected by free speech. That’s why BitShares cannot stop at the layer short of a worldwide event that ruins almost all digital data. The government utilizes cryptographic software to work as a weapon and impose export controls. However, eventually, the government cannot handle the expanse of free BitShares software, which is in the Public Domain.

WINkLink (WIN)

WINkLink is a decentralized oracle network running on the TRON network. Decentralization reduces the need for trust among parties to the contract. WINkLinkk ensures the security of the entire procedure of smart contracts execution, including obtaining data from off-chain sources. This is the prerequisite for connecting smart contracts to the real world and taking the place of traditional digital contracts.