Movers of the Day 6-Dec-2022

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

The day’s top movers are UMA and Radix Protocol, rising by 5.79% 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 trended sideways. During the same period, the 2100NEWS Total Index (NWST1100), which measures 1100 significant (by market capitalization) crypto assets’ performance, has fallen 0.22% and Ether by 0.42%, while Bitcoin has risen by 0.10%.

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

 

XRD

Radix (XRD) 

2100NEWS ranking: 155, Mid-cap, Index member: NWST1100, NWSM200, NWSCo100
2100NEWS DA Orderbook Quality Evaluation Grade: Poor, Score: 14, (Average for Coins: 15.4)

Radix Protocol is the first decentralized ledger platform designed not just for today’s cryptocurrencies but suitable for thousands of developers to build, deploy, and scale an unlimited number of robust financial applications. Radix is a stack of open-source technologies that create the Radix public network and make it useful to users and developers. Anyone may access the network, or participate in its operation, with network usage paid directly to the network itself with an XRD token. The most fundamental unit of the Radix stack is the Radix Node. The Node implements a 3-phase byzantine fault-tolerant consensus protocol allowing an open network of nodes to quickly and safely decide on and commit correct transactions to a distributed immutable ledger.

 

The crypto markets trended sideways. The day’s top movers (at 7 pm) were League of Kingdoms Arena and UMA, rising by 4.47% since 2 pm. Over the last 24 hours, the 2100NEWS Total Index (NWST1100), which measures 1100 significant (by market capitalization) crypto assets’ performance, has fallen 0.93%, Bitcoin by 0.59%, and Ether by 0.98%.

 

UMA

UMA (UMA)

2100NEWS ranking: 132, Mid-cap Ethereum-based Token, Index member: NWST1100, NWSM200, NWSTo100, NWSET100
2100NEWS DA Orderbook Quality Evaluation Grade:  Ordinary, Score: 15.9 (Average for Tokens: 15.5)

UMA is designed to power the financial innovations made possible by permissionless, public blockchains like Ethereum. UMA defines an open-source protocol that allows any two counterparties to design and create their own financial contracts using fiat financial derivatives concepts. But unlike traditional derivatives, UMA contracts are secured with economic incentives alone, making them self-enforcing and universally accessible.

The crypto markets retraced. The day’s top movers (at 2 pm) were Numeraire and Toko Token, soaring 75.48% since 9 am. Over the last 24 hours, the 2100NEWS Total Index (NWST1100), which measures 1100 significant (by market capitalization) crypto assets’ performance, has declined 1.95%, Bitcoin by 1.47%, and Ether by 2.42%.

 

TKO

Toko Token (TKO)

2100NEWS ranking: 351, Small cap Non-Ethereum-based Token, Index member: NWST1100, NWSS300
2100NEWS DA Orderbook Quality Evaluation Grade:  Good, Score: 12.6 (Average for Small caps: 10)

Toko Token is a native token of Tokocrypto, a digital asset exchange breaking records in trading volumes and user registrations. It is well on its way to becoming Indonesia’s most prominent digital exchange. TKO by Tokocrypto will be the first local Indonesian cryptocurrency project to offer a unique hybrid token model with the following core use cases: 1) Exchange Platform Token; 2) Participation in Deposit & Savings Programs; 3) Cross-Platform DeFi Use Cases; 4) NFT Arcade. Leveraging on BIDR pairings, the TKO platform will provide a hassle-free fiat gateway and easy access to crypto-assets and Decentralised Finance (DeFi) technology.

 

The crypto markets retraced. The day’s top movers (at 9 am) were Celsius and Numeraire, rising by 7.46% since midnight. Over the last 24 hours, the 2100NEWS Total Index (NWST1100), which measures 1100 significant (by market capitalization) crypto assets’ performance, has declined 2.26%, Bitcoin by 1.97%, and Ether by 2.92%.

 

NMR

Numeraire (NMR)

2100NEWS ranking: 227, Mid-cap Ethereum-based Token, Index member: NWST1100, NWSM200, NWSDM100
2100NEWS DA Orderbook Quality Evaluation Grade:  Poor, Score: 11.2, (Average for Mid-caps: 12.7)

Numeraire is a new cryptographic token employed in a novel auction mechanism to create overfitting economically irrational. Numeraire is an ERC20 Ethereum token that makes collaboration congenial with self-interest. Last year, a new kind of hedge fund was introduced by Numeraire. This resource enables any data scientist to develop machine learning patterns on the team’s data and offer predictions to manage the capital in the team’s hedge fund. Today, a new money abstraction for Numerai has been published, starting modern commerce with the team’s data scientists based on long-term adjustments not possible with regular money.

 

CEL

Celsius (CEL)

2100NEWS ranking: 140, Mid-cap Ethereum-based Token, Index member: NWST1100, NWSM200, NWSTo100, NWSET100, NWSDM100
2100NEWS DA Orderbook Quality Evaluation Grade: Poor, Score: 11.5, (Average for Tokens: 15.5)

Celsius Network is a democratized interest income and lending platform accessible via a mobile app. Built on the belief that financial services should only do what is in the community’s best interests, Celsius is a modern platform where membership provides access to curated financial services unavailable through traditional financial institutions. Crypto holders can earn interest by transferring their coins to their Celsius Wallet and borrowing USD against their crypto collateral at interest rates as low as 4.95% APR.

 

YFII

DFI.Money (YFII)

2100NEWS ranking: 268, Mid-cap Ethereum-based Token, Index member: NWST1100, NWSM200
2100NEWS DA Orderbook Quality Evaluation Grade: Excellent, Score: 19, (Average for Mid-caps: 12.7)

DFI.Money is a DeFi platform that aims to build products on aggregated liquidity provision, leveraged trading, and automated market-making.

 

 


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