Movers of the Day 6-May-2023

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

Top movers of the day are Orion Protocol and Radix Protocol which has surged 15.02% since morning. Orion Protocol has increased by 4.54%.

During the day the crypto markets were going down and finished in red. Today’s crypto market movement is illustrated by an adjacent chart showing the movement of the NWSBCT Index (Blue Chips) over the past 24 hours. 2100NEWS Indices which measure the performance of different groups of tokens and coins ended between -3.02% and -5.52%. Our main 2100NEWS Total Index (NWST1100) ended -3.18%. Bitcoin ended -2.35%, Ether ended -4.59%.

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

 

ORN

Orion Protocol (ORN)

2100NEWS ranking: 385, Small cap Ethereum-based Token, Index member: NWST1100, NWSS300
2100NEWS DA Orderbook Quality Evaluation Grade: Good, Score: 13.5 (Average for Small caps: 9.8)

Orion is the only DeFi platform creating a truly decentralized crypto landscape for businesses and consumers. Their trading terminal aggregates the liquidity of the entire crypto market into one place, embedding robust tools for the most intelligent trades at the best price every time. Their Broker Pool underpins our DeFi solutions, built to provide the crypto market with the liquidity, accessibility, and growth it needs to succeed.

 

XRD

Radix (XRD)

2100NEWS ranking: 54, Large-cap , Index member: NWST1100, NWSL100, NWSCo100, NWSDM100
2100NEWS DA Orderbook Quality Evaluation Grade: Poor, Score: 14 (Average for Large-caps: 18)

Radix can refer to a few different things, depending on context: (1) Radix as software: Radix can refer to the Radix Node software, Radix Desktop Wallet, and Radix Explorer; (2) Radix as a protocol: Radix can refer to the Radix Protocol, which is the set of rules that governs validator nodes running Radix Node software. The Radix Protocol comprises the Radix Engine’s application layer and Cerberus’s consensus layer. It is the first layer one protocol specifically built to serve DeFi; (3) Radix as a network: The Radix Protocol running on validator nodes forms the basis of the Radix Public Network – a fully decentralized platform for DeFi dApps and users; (4) Radix as a ledger: The decentralized Radix Public Network maintains the public, immutable and permissionless Radix Ledger; (5) Radix as a project: Radix can refer to the decentralized project being undertaken by the Radix Community, core developer RDX Works, Radix Foundation, and Radix Tokens (Jersey); (6) Radix as an ecosystem: All of the above, including a decentralized community of users, developers, node-runners, and XRD token holders; dApps, partners, and ancillary services, forms the totality of the Radix ecosystem.

 

Top movers of the day are Metal DAO and Orion Protocol. Since midnight Metal DAO has surged 25.39%, Orion Protocol is 14.55% higher. ssv.network has increased by 0.51%.

The crypto markets moved lower this morning. Since midnight the tokens built on Ethereum mesured by 2100NEWS Ethereum Based Index (NWSET100) have fallen by 1.56%. Our main 2100NEWS Total Index (NWST1100) which measures the performance of the major 1100 crypto assets by market capitalization is 0.87% lower. Bitcoin has decreased by 0.42%, Ether by 1.17%.

 

MTL

Metal DAO (MTL)

2100NEWS ranking: 240, Mid-cap Ethereum-based Token, Index member: NWST1100, NWSM200
2100NEWS DA Orderbook Quality Evaluation Grade: Good, Score: 16.7 (Average for Mid-caps: 13.2)

Metal is a digital currency for MetalPay that enables global instant payment by utilizing just a phone number. MTL is fairly decentralized with the support of a process called Proof of Processed Payments (PoPP). Members and participants could earn rewards in MTL by spending or making a purchase. The maximum supply is 66.5 million MTL. Users can get up to 5% MTL on every purchase. They can also receive high interest when investing in MTL.

 

SSV

ssv.network (SSV)

2100NEWS ranking: 157, Mid-cap Ethereum-based Token, Index member: NWST1100, NWSM200, NWSTo100, NWSET100, NWSDM100
2100NEWS DA Orderbook Quality Evaluation Grade: Poor, Score: 11.3 (Average for Tokens: 15.8)

Once holding SSV tokens, users can vote on protocol changes and improvements. Influence grant distributions and operator ranking. Holders can also use SSV tokens as fees for running validators and generating rewards for stakers. SSV Network emphasizes decentralization, security, and liveness across the Ethereum consensus layer and forms the foundation of SSV.network, a fully decentralized and robust ETH staking network. Millions of users join this ecosystem and find the network simple for anyone wanting to run an Ethereum validator, from DIY users all the way to staking pools and extensive institutional staking services. This can apply to using the network not only as a user but also as a service provider; regardless of staking configuration, as long as duties are properly executed, anyone can provide service and reap the rewards for doing so.

 


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