Movers of the Day 17-Oct-2022

2100news (17)

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

Top movers of the day are Phala Network and AllianceBlock. Since 7 pm Phala Network has surged 44.54%, AllianceBlock is 6.81% higher.

The crypto markets finished the day in green as illustrated by an adjacent chart showing the NWSBCT (Blue Chips) Index movement over the last 24 hours. 2100NEWS Indices ended between +1.02% and +2.75%. 2100NEWS Total Index (NWST1100) ended +2.07%. Bitcoin ended +1.87%, Ether ended +2.59%.

 

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

 

PHA

Phala Network (PHA)

2100NEWS ranking: 312, Small cap, Index member: NWST1100, NWSS300, NWSCo100
2100NEWS DA Orderbook Quality Evaluation Grade: Poor, Score: 13.7 (Average for Coins: 14.7)

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 AllianceBlock and Mdex. Since 2 pm AllianceBlock has increased by 2.90%, Mdex 4.31%. Most cryptocurrencies are higher. Since 2 pm 2100NEWS Indices have increased up to 0.87%. 2100NEWS Total Index (NWST1100) is 0.34% higher. Bitcoin has increased by 0.26%, Ether 0.30%.

 

MDX

Mdex (MDX)

2100NEWS ranking: 253, Mid-cap Non-Ethereum-based Token, Index member: NWST1100, NWSM200, NWSOT50
2100NEWS DA Orderbook Quality Evaluation Grade: Poor, Score: 11.1 (Average for Non-Ethereum-based Tokens: 12.7)

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 day’s top movers (at 9 am) are Energy Web Token and Aion. Polymath has surged by 26.75% since 9 am. The crypto markets have risen. On the day, the 2100NEWS Indices, which measure the performance of various groups of tokens and coins, reported gains between 0.31% and 1.84%. Over the last 24 hours, the 2100NEWS Total Index (NWST1100), which measures 1100 significant (by market capitalization) crypto assets’ performance, has surged by 1.63%, Bitcoin by 1.64%, and Ether even 2.56%.

 

POLY

Polymath (POLY)

2100NEWS ranking: 119, Mid-cap Ethereum-based Token, Index member: NWST1100, NWSM200, NWSTo100, NWSET100
2100NEWS DA Orderbook Quality Evaluation Grade:  Poor, Score: 12.7 (Average for Tokens: 15.1)

The Polymath Network is a blockchain-based system to coordinate and incentivize participants to collaborate and launch financial products on the blockchain. The Polymath team aims to create a standard token protocol that embeds defined requirements into the tokens themselves to ease the primary issuance and secondary trading of blockchain securities tokens.

The crypto markets trended sideways. The day’s top movers (at 9 am) are PowerPool and Aion. Quant has risen by 18.26% 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 0.51%, Bitcoin by 0.56%, and Ether even 1.86%.

 

QNT

Quant (QNT)

2100NEWS ranking: 46, Large-cap Ethereum-based Token, Index member: NWST1100, NWSL100, NWSTo100, NWSET100
2100NEWS DA Orderbook Quality Evaluation Grade: Extremely Weak, Score: 10.3 (Average for Large-caps: 17.4)

Quant Network or Overledger is the blockchain Operating System (OS) for the future. It empowers applications to function across multiple blockchains. Overledger securely removes the barriers that prohibit communication across multiple blockchains, providing endless possibilities for your data and applications. Overledger is the blockchain operating system that offers the ability to distribute value and applications across current and future blockchains without being limited to a single technology or method.

 

CVP

PowerPool (CVP)

2100NEWS ranking: 575, Small cap Ethereum-based Token, Index member: NWST1100, NWSS300
2100NEWS DA Orderbook Quality Evaluation Grade: Ordinary, Score: 11.6 (Average for Small caps: 9.9)

The PowerPool is a protocol for pooling governance tokens (GTs), such as COMP, BAL, LEND, YFI, BZRX, AKRO, and many others. 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, and 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 (AION)

2100NEWS ranking: 451, Small cap Ethereum-based Token, Index member: NWST1100, NWSS300
2100NEWS DA Orderbook Quality Evaluation Grade: Excellent, Score: 18.5 (Average for Small caps: 9.9)

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

 


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