Movers of the Day 11-Oct-2022

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

Top movera of the day are Sologenic and Mirror Protocol which has increased by 3.74% since 7 pm. Sologenic is 2.44% higher.

The crypto markets finished the day in red as illustrated by an adjacent chart showing the NWSBCT (Blue Chips) Index movement over the last 24 hours. 2100NEWS Indices ended between -1.48% and -4.50%. 2100NEWS Total Index (NWST1100) ended -2.23%. Bitcoin ended -1.16% Ether ended -2.15%.

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

Mirror Protocol (MIR)

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.

Top mover of the day at 19:10 is Sologenic which has surged 17.02% since 2 pm. AIOZ Network is 2.23% while TerraClassicUSD has decreased by 7.94%. After a big fall the crypto markets trended sideways. In the last 2100NEWS Indices have fallen between 0.13% and 3.04%. 2100NEWS Total Index (NWST1100) is 0.85% lower. Ether has decreased by 0.43% while Bitcoin is almost the same (+0.01%).

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 have access to 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 the need for 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 day’s top movers (at 2 pm) are TerraClassicUSD and Creditcoin, rising by 10.68% since 9 am. The crypto markets dropped. On the day, the 2100NEWS Indices, which measure the performance of various groups of tokens and coins, reported losses between -1.12% and -4.03%. Over the last 24 hours, the 2100NEWS Total Index (NWST1100), which measures 1100 significant (by market capitalization) crypto assets’ performance, has fallen by 2.43%, Ether by 2.46%, and Bitcoin by 1.32%.

Creditcoin (CTC)

Launched by a team based in the US, Canada, South Korea, Nigeria, and Estonia, Creditcoin aims to address the lack of a credit system among the unbanked in the emerging market. People who cannot access the banking system have to borrow from non-banks. However, banks do not accept credit records from non-banks since they cannot trust the data. The project aims to solve the problem by recording credit transaction history objectively on a public blockchain.

The crypto markets fell. The day’s top movers (at 9 am) were Creditcoin and TerraClassicUSD, surging by 21.74% since midnight. On the day, the 2100NEWS Indices, which measure the performance of various groups of tokens and coins, reported losses between -1.27% and -3.51%. Over the last 24 hours, the 2100NEWS Total Index (NWST1100), which measures 1100 significant (by market capitalization) crypto assets’ performance, has fallen by 2.82%, Ether by 2.78%, and Bitcoin by 1.70%.

TerraClassicUSD (USTC)

Terra is an open-source blockchain hosting a vibrant ecosystem of decentralized applications (dApps) and top-tier developer tools. Using proof-of-stake consensus and ground-breaking technologies like Mantlemint, Terrain, and Terra Station, the Terra blockchain is one of the fastest chains in existence, giving users an unparalleled DeFi experience. As a permissionless, borderless economy, Terra enables next-generation financial products to be accessible to anyone with an Internet connection.

Mdex (MDX)

Mdex is an automatic market-making decentralized exchange based on the concept of fund pools. It is similar in function to some DEXs on the market, but on this basis, it proposes and implements a dual-chain DEX model based on the Huobi Eco Chain and Ethereum. It combines the advantages of the low transaction fees of the Huobi Eco Chain and the prosperity of the Ethereum ecosystem. It supports the dual mining mechanism of liquidity and transactions.