Movers of the Day 2-Dec-2022

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

The day’s top movers are Acala Token and BitShares, soaring 31.34% since 7 pm.

As illustrated by an adjacent chart showing the NWSBCT (Blue Chips) Index movement over the last 24 hours, the crypto markets have risen. Since 7 pm, the 2100NEWS Indices, which measure the performance of various groups of tokens and coins, reported gains between 0.57% and 1.06%. Over the last 24 hours, the 2100NEWS Total Index (NWST1100), which measures 1100 significant (by market capitalization) crypto assets’ performance, has risen 0.83%, Bitcoin by 0.53%, and Ether by 1.07%.

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

 

 

BitShares (BTS)

2100NEWS ranking: 370, Small cap, Index member: NWST1100, NWSS300

2100NEWS DA Orderbook Quality Evaluation Grade:  Good, Score: 14, (Average for Small caps: 10)

BitShares is a primary distributed multi-user database with update allowances managed by a defined set of rules and public key cryptography. The BitShares Software is an open source that is straightforward to copy and transform and most significantly protected by free speech. That’s why BitShares cannot stop at the layer short of a worldwide event that ruins almost all digital data. The government utilizes cryptographic software to work as a weapon and impose export controls. However, eventually, the government cannot handle the expanse of free BitShares software, which is in the Public Domain.

The crypto markets trended sideways. The day’s top movers (at 7 pm) were Joe and Acala Token, surging by 25.44% since 2 pm. Over the last 24 hours, the 2100NEWS Total Index (NWST1100), which measures 1100 significant (by market capitalization) crypto assets’ performance, has risen 0.04% and Ether by 0.50%, while Bitcoin has fallen by 0.19%.

 

Acala Token (ACA)

2100NEWS ranking: 208, Mid-cap, Index member: NWST1100, NWSM200, NWSCo100

2100NEWS DA Orderbook Quality Evaluation Grade:  Poor, Score: 13.3 (Average for Coins: 15.3)

Risk Warning: Acala Network suffered an exploit on 14 Aug 2022 where 1.2 bn aUSD tokens were minted without collateral. Please mind the risks and trade with caution. 

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 a 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, and access other services without price volatility while retaining their exposure to (without selling) the reserve assets.

The crypto markets trended sideways. The day’s top movers (at 2 pm) were Trust Wallet Token and Hifi Finance, surging by 19.68% since 9 am. On the day, the 2100NEWS Indices, which measure the performance of various groups of tokens and coins, reported gains between 0.23% and 1.79%. Over the last 24 hours, the 2100NEWS Total Index (NWST1100), which measures 1100 significant (by market capitalization) crypto assets’ performance, has fallen 0.47% and Bitcoin by 0.67%, while Ether has risen by 0.19%.

 

Hifi Finance (MFT)

2100NEWS ranking: 270, Mid-cap Ethereum-based Token, Index member: NWST1100, NWSM200, NWSDM100

2100NEWS DA Orderbook Quality Evaluation Grade: Good, Score: 15.3 (Average for Mid-caps: 12.7)

Hifi (formerly Mainframe) is a Lending Protocol that allows anyone to borrow against their crypto. Hifi uses a bond-like instrument, representing an on-chain obligation that settles on a specific future date. Buying and selling the tokenized debt enables fixed-rate, fixed-term lending and borrowing — something much needed in decentralized finance today. It is anticipated that a ticker symbol change will occur alongside future iterations of the Hifi Lending Protocol.

 

The crypto markets declined. The day’s top movers (at 9 am) were Trust Wallet Token and EthereumPoW. Terra Classic has risen by 10.88% since midnight. Over the last 24 hours, the 2100NEWS Total Index (NWST1100), which measures 1100 significant (by market capitalization) crypto assets’ performance, has fallen by 0.74%, Ether by 0.45%, and Bitcoin by 0.83%.

 

Terra Classic (LUNC)

2100NEWS ranking: 168, Mid-cap, Index member: NWST1100, NWSM200, NWSCo100, NWSDM100

2100NEWS DA Orderbook Quality Evaluation Grade: Extremely Weak, Score: 2, (Average for Coins: 15.3)

Luna Classic is the first native token of the Terra blockchain, released in August 2018. LUNC existed before the launch of the new chain — now branded Terra (LUNA) — and works with the original code of the Terra ecosystem. The primary function that the native token performed was to absorb the price deviation of the algorithmic stablecoin — $UST. The price of the UST stablecoin was pegged to the US dollar by minting and burning UST tokens to balance the supply and demand of the coin. In May 2022, UST lost its peg and collapsed. The UST stablecoin algorithm created trillions of LUNA tokens, fell into a hyperinflationary spiral, and reduced the value of the original LUNA token by 99%.

Terra (LUNA) and Terra Classic (LUNC) have the right to exist due to the implementation of a proposal called Terra Ecosystem Revival Plan 2. The essence of the plan is to split the current blockchain through forking,  creating a new chain in the ecosystem, and preserving the previous version. According to the recovery plan, the existing chain and token have been rebranded as Terra Classic. The new LUNA tokens were airdropped to existing holders of LUNA and UST before the depeg and the subsequent crash occurred.

 

Trust Wallet Token (TWT)

2100NEWS ranking: 48, Large-cap Non-Ethereum-based Token, Index member: NWST1100, NWSL100, NWSTo100, NWSOT50, NWSDM100

2100NEWS DA Orderbook Quality Evaluation Grade: Poor, Score: 16, (Average for Large-caps: 18)

Trust Wallet Token is a crypto developed by Trust Wallet. Trust Wallet stores your coins and tokens in a single, secure wallet. More than 40 blockchains and 160k+ assets are supported. Trust Wallet development team continues to add support for more cryptocurrencies every month.

 

 

EthereumPoW (ETHW)

2100NEWS ranking: 68, Large-cap, Index member: NWST1100, NWSL100, NWSCo100

2100NEWS DA Orderbook Quality Evaluation Grade: Poor, Score: 14.8, (Average for Large-caps: 18)

EthereumPoW is a hard fork of the Ethereum blockchain with the Ethereum Merge. The Merge saw Ethereum transition to proof-of-stake while the forked version remains on proof-of-work.
EthereumPoW is supported by people worldwide who prefer PoW to PoS or who simply want to keep both options(PoW and PoS) for builders and users on Ethereum. EthereumPoW has cloned the state of Ethereum at the block height of the Merge. That allows DApp developers and stablecoin issuers to choose which Ethereum chain they support — or copy the app states too, which would double the DApps and liquidity on Ethereum to EthereumPoW.

 

 

The crypto markets have trended sideways. The day’s top movers (at 2 pm) were Mask Network and Band Protocol, rising by 18.64% since 9 am. Over the last 24 hours, the 2100NEWS Total Index (NWST1100), which measures 1100 significant (by market capitalization) crypto assets’ performance, has risen by 1.39%, Ether by 1.83%, and Bitcoin by 1.72%.

 

League of Kingdoms Arena (LOKA)

2100NEWS ranking: 476, Small cap Ethereum-based Token, Index member: NWST1100, NWSS300

2100NEWS DA Orderbook Quality Evaluation Grade: Good, Score: 15.3 (Average for Small caps: 9.9)

League of Kingdoms is a free-to-play MMO war strategy game on the blockchain. The main gameplay of League of Kingdoms is similar to a traditional RTS (Real-time strategy). Still, it is powered by blockchain technology, and ownership is central to the game’s core concepts. As an alliance-based tactical strategy game, players can build kingdoms, raise armies, form alliances, and compete on the battlefield. All the lands in the game are non-fungible tokens and can be owned by users. LOKA is League of Kingdoms’ native governance token and will be utilized as the currency inside the League of Kingdoms game franchise and will be utilized for all in-game store purchases, such as purchasing packages, skins, and goods.