Movers of the Day 14-Oct-2022

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

Top mover of the day is Phala Network which has soared 77.45% since 7 pm. Sun has increased by 12.23%, CLV 14.84%.

Most cryptocurrencies finished the day in red as illustrated by an adjacent chart showing the NWSBCT (Blue Chips) Index movement over the last 24 hours. The tokens built on Ethereum measured by 2100NEWS Ethereum Based Index (NWSET100) ended -1.51%. 2100NEWS Total Index (NWST1100) ended -1.13%. Bitcoin ended -1.35% while Ether ended unchanged.

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

Phala Network (PHA)

Phala Network is a privacy-preserving cloud computing service, which offers computing power comparable to existing cloud services and protects the privacy of managed programs. Based on TEE-Blockchain Hybrid Architecture, developers can deploy confidential smart contracts running inside the TEE Enclaves in the CPU. Phala is also based on Substrate and will run as a parachain of the Polkadot ecosystem.

Top movers of the day at 19:10 are Sun and TrustSwap. Since 2 pm Sun has surged 37.46%, TrustSwap 28.44%. In the afternoon the crypto markets turned down. Since 2 pm the large caps measured by 2100NEWS 100 Large Cap Index (NWSL100) have decreased by 1.43%. 2100NEWS Total Index (NWST1100) is 1.50% lower. Similarly, Bitcoin has fallen by 1.55%, Ether 1.59%.

Sun (SUN)

The SUN.io platform is TRON’s first one-stop platform that supports stablecoin swap, token mining, and self-governance. After the redenomination, the new SUN token, as a multifunctional governance token on the SUN platform (similar to the CRV token of Curve DAO and the EPS token of Ellipsis), will grant token holders various rights and benefits such as the voting and governance right in the community, value capture, staking rewards, etc.

The day’s top movers (at 2 pm) are Alchemy Pay and Mdex, soaring 34.8% since 9 am and 229% weekly. The crypto markets stopped rallying. On the day, the 2100NEWS Indices, which measure the performance of various groups of tokens and coins, reported gains between 0.90% and 2.39%. Over the last 24 hours, the 2100NEWS Total Index (NWST1100), which measures 1100 significant (by market capitalization) crypto assets’ performance, has soared 5.53%, Bitcoin 4.53%, and Ether 6.46%.

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.

The crypto markets rallied following a USA inflation reading. The day’s top movers (at 9 am) were SingularityNET and Mdex, soaring 40.96% since midnight and 144% in the week. On the day, the 2100NEWS Indices, which measure the performance of various groups of tokens and coins, reported gains between 1.47% and 2.51%. Over the last 24 hours, the 2100NEWS Total Index (NWST1100), which measures 1100 significant (by market capitalization) crypto assets’ performance, has soared 3.93%, Bitcoin 3.85%, and Ether 3.29%.

SingularityNET (AGIX)

SingularityNET is the protocol specifically designed to solve these problems while opening the AI market to the entire world. SingularityNET enables AI-as-a-service on a permissionless platform so anyone can use AI services easily.