Movers of the Day 16-Oct-2022

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

Top movers of the day are PowerPool and Aion. Since morning PowerPool has surged 104.87%, Aion 41.49%.

The crypto markets finished the day in green as illustrated by an adjacent chart showing the movement of the NWSBCT Index (Blue Chips) over the past 24 hours. 2100NEWS Indices ended between +0.17% and +1.05%. Our main 2100NEWS Total Index (NWST1100) ended +0.73%. Bitcoin ended +0.47%, Ether ended +1.63%.

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

PowerPool (CVP)

The PowerPool is a protocol for pooling governance tokens (GTs), such as COMP, BAL, LEND, YFI, BZRX, AKRO, and many others. The minority token holders can extract minimal utility from such tokens for two reasons: (1) they cannot influence the votes; (2) the significant share of such tokens doesn’t provide any income. As a result, the fundamental value of such tokens for the minority holder is close to zero, and protocols face voters’ apathy problem. PowerPool allows the token holders to lend, pool, borrow governance tokens, get income from them, and accumulate governance power in protocols based on Ethereum. The Power Pool’s mission is to expand the utility of governance tokens to the end-users and provide new coordination for decision-making in the Defi ecosystem.

Aion (AION)

The Aion network is a multi-tier blockchain network designed to support a future where many blockchains exist to solve unique industry problems and to power the services of the modern world.

Top movers of the day are LTO Network and BurgerCities which has surged 43.44% since midnight. LTO Network has increased by 18.71%, Acala Token 15.61%.

The crypto markets moved higher this morning. Since midnight 2100NEWS Indices which measure the performance of different groups of tokens and coins have increased up to 0.82%. Our main 2100NEWS Total Index (NWST1100) which measures the performance of the major 1100 crypto assets by market capitalization is 0.41% higher. Bitcoin has increased by 0.29%, Ether by 0.59%.

LTO Network (LTO)

LTO Network is a blockchain platform enabling B2B to collaborate on equal footing by using trustless processes: essentially any business process (BPM) or legal agreement can be automated via Live Contracts (extended deterministic Finite State Machines). LTO infrastructure combines miniature ad-hoc permissionless private chains and a permissionless public chain – as well as the developer toolkit to interact with them.

BurgerCities (BURGER)

BurgerSwap is the first democratized decentralized AMM on the Binance Smart Chain, built without the control of any centralized entity through smart contracts. BurgerSwap has been developed based on the DEMAX decentralized finance platform built on Binance Smart Chain, enabling a swapping mechanism with democratic, decentralized mechanics, which allows changing parameters by the community through transparent voting.

Acala Token (ACA)

Acala is a specialized stablecoin and liquidity blockchain that is decentralized, cross-chain by design, and future-proof with forkless upgradability. Acala stablecoin protocol uses multi-collateral-backing mechanism to create a stablecoin soft-pegged to the US Dollar. The Acala stablecoin protocol is essentially a decentralized monetary reserve that creates a stable currency from a basket of reserve assets, where holders of the reserve assets can spend, trade, access other services without price volatility while retaining their exposure to (without selling) the reserve assets.