Movers of the Day 5-Oct-2022

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

The day’s top movers are Sologenic and GMX. SushiSwap has risen by 8.85% since 7 pm. The crypto markets have fallen, as illustrated by an adjacent chart showing the NWSBCT (Blue Chips) Index movement over the last 24 hours. During the same period, the 2100NEWS Total Index (NWST1100), which measures 1100 significant (by market capitalization) crypto assets’ performance, has fallen by 0.90%, Ether by 0.82%, and Bitcoin by 1.27%.

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

SushiSwap (SUSHI)

SushiSwap is an automated market-making (AMM) decentralized exchange (DEX) currently on the Ethereum blockchain. In addition to DEX, SushiSwap involves a collection of governance, operations, and reward contracts that help grow the SushiSwap ecosystem and utilization. SushiSwap was designed as the next step forward in the Uniswap protocol design: an evolution. Taking Uniswap’s elegant core design, the team added community-oriented features that they believe help improve the protocol’s design and provide further benefits to the actors involved. With SushiSwap, one can also provide some liquidity into a pool and earn rewards in the form of SUSHI tokens. However, unlike Uniswap, those SUSHI tokens will also entitle you to continue earning a portion of the protocol’s fee, accumulated in SUSHI, even if you no longer participate in the liquidity provision. To start providing liquidity and earning SUSHI tokens, anyone holding Uniswap LP tokens can stake those LP tokens into the corresponding initial list of pools. Once done, they will start earning tokens once rewards start on block 10750000. The list of eligible LP tokens can be added per on-chain governance. At every block, 100 SUSHI tokens will be created. These tokens will be equally distributed to the stakers of each supported pool.

In the afternoon, the crypto markets rose. The top movers of the day at 19:10 are NEST Protocol and Sologenic. Since 2 pm, NEST Protocol has surged 14.37%, Sologenic 10.48%. Since 2 pm, 2100NEWS Indices have increased up to 1.26%. 2100NEWS Total Index (NWST1100) is 1.15%. Bitcoin has increased by 1.16%, and Ether by 1.34%.

NEST Protocol (NEST)

NEST Protocol is a decentralized price oracle based on Ethereum. NEST provides a creative solution, including collateral asset quotation, arbitrage verification, price chain, beta coefficients, and other modules to form a complete NEST-Protocol.

The day’s top movers (at 2 pm) are NEST Protocol and Sologenic, rising by 6.16% since 9 am. The crypto markets have trended sideways. On the day, the 2100NEWS Indices, which measure the performance of various groups of tokens and coins, reported losses between -0.51% and -1.60%. Over the last 24 hours, the 2100NEWS Total Index (NWST1100), which measures 1100 significant (by market capitalization) crypto assets’ performance, has fallen by 0.17% and Ether by 0.88%, while Bitcoin has risen by 0.41%.

Sologenic (SOLO)

Sologenic is merging traditional finance with blockchain. The Sologenic ecosystem aims to make it effortless for crypto investors to exchange assets and invest in different conventional financial instruments. The ecosystem aims to eliminate entry barriers for individual and institutional crypto investors. Sologenic allows them to trade non-blockchain asset classes, such as stocks, ETFs, and commodities, with one cryptocurrency, SOLO. SOLO holders can access many stocks from more than 30 global exchanges in North America, Europe, Asia, and Oceania. SOLO will enable people worldwide to buy and sell stock in their favorite companies without traditional brokerages. Sologenic generates stablecoins backed by 1:1 with real-world assets. Each stablecoin represents the ownership of real-world assets. Once tokenized, the asset issued on the blockchain is denominated with the suffix Ƨ; for example, a tokenized asset of TSLA is represented as TSLAƨ.

The crypto markets rose. The day’s top movers (at 9 am) were NEST Protocol and SingularityDAO, increasing by 19.06% since midnight. Over the last 24 hours, the 2100NEWS Total Index (NWST1100), which measures 1100 significant (by market capitalization) crypto assets’ performance, has risen by 1.93%, Ether by 1.43%, and Bitcoin by 2.15%.

SingularityDAO (SDAO)

SingularityDAO is a true Decentralized Autonomous Organization designed to simplify access to the crypto economy. AI-DeFi: Sophisticated Decentralized Finance meets the world’s most advanced Decentralized Artificial Intelligence to create a new type of economy.

Utrust (UTK)

The UTRUST platform aims to provide the consumer protection that buyers take for granted in traditional online purchases – acting as a mediator, resolving conflicts, and enabling the possibility of refunds to mitigate fraud while shielding the merchant from crypto-market volatility. The project wants to enable fast transactions, lower fees, and low cross-border transaction friction, enabling merchants to sell to a growing worldwide audience of crypto-holders. The project aspires to ‘build a payment API for marketplace integration that will become the crypto-equivalent of PayPal.’