Movers of the Day 10-Nov-2022

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

The day’s top movers are Band Protocol and FTX Token. DYDX has risen by 9.57% 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 rebounded from multiyear lows. During the same period, the 2100NEWS Total Index (NWST1100), which measures 1100 significant (by market capitalization) crypto assets’ performance, has soared 16.01%, Bitcoin 12.21%, and Ether 18.47%.

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

dYdX (DYDX)

DYDX is a governance token that allows the dYdX community to truly govern the dYdX Layer 2 Protocol (“the protocol”). By enabling shared control of the Protocol, DYDX will allow traders, liquidity providers, and partners of dYdX to work collectively toward an enhanced Protocol. DYDX enables a robust ecosystem around governance, rewards, and staking — each designed to drive future growth and decentralization of dYdX, resulting in a better user experience. Staking pools are designed to promote liquidity and safety on the Protocol. Rewards programs for trading, liquidity providing, and past usage of dYdX will help drive growth and adoption of dYdX.

In the afternoon, the crypto markets went up significantly. The top movers of the day at 19:10 are Band Protocol and Goldfinch, which has surged 48.58% since 2 pm. Band Protocol and Prosper have increased more than 25%: BAND +27.90%, PROS +25.96%. Since 2 pm, 2100NEWS Indices have increased up to 11.49%. 2100NEWS Total Index (NWST1100) is 10.01% higher. Bitcoin has increased by 8.62%, and Ether even by 11.85%.

Goldfinch (GFI)

Goldfinch is a decentralized credit protocol for crypto loans without crypto collateral. By incorporating the principle of “trust through consensus” and using different types of off-chain collateral, the Goldfinch protocol allows borrowers to show creditworthiness based on more than just their crypto assets. This is the missing piece that finally unlocks crypto lending in emerging markets and other places where crypto can truly empower financial inclusion. The protocol serves thousands of end borrowers across India, Mexico, Nigeria, and Southeast Asia.

The day’s top movers (at 2 pm) are dYdX and Phala Network, rising by 18.19% since 9 am. The crypto markets have consolidated. On the day, the 2100NEWS Indices, which measure the performance of various groups of tokens and coins, reported gains between 3.01% and 9.53%. Over the last 24 hours, the 2100NEWS Total Index (NWST1100), which measures 1100 significant (by market capitalization) crypto assets’ performance, has plunged 6.60%, Bitcoin by 7.69%, and Ether by 1.94%.

Phala Network (PHA)

Phala Network is a privacy-preserving cloud computing service that 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.

The crypto markets sharply rebounded from multiyear lows. The day’s top movers (at 9 am) are Maker DAO and Mask Network, soaring 47.38% since midnight. On the day, the 2100NEWS Indices, which measure the performance of various groups of tokens and coins, reported gains between 4.03% and 11.23%. Over the last 24 hours, the 2100NEWS Total Index (NWST1100), which measures 1100 significant (by market capitalization) crypto assets’ performance, has plunged 9.17%, Bitcoin by 9.34%, and Ether by 9.58%.

Mask Network (MASK)

Mask Network is a protocol that allows users to send encrypted messages over Twitter and Facebook. It essentially acts as a bridge between the internet and a decentralized network running on top.

FTX Token (FTT)

FTX is owned by FTX Trading LTD, a company incorporated in Antigua and Barbuda. FTX was incubated by Alameda Research, a cryptocurrency liquidity provider. FTX’s leveraged tokens aim to provide a clean, automated way for users to get leverage. FTT is the FTX ecosystem utility token. Holders of FTT reportedly receive benefits such as Weekly buying and burning of fees, Lower FTX trading fees, OTC rebates, Collateral for futures trading, and Socialized gains from the insurance fund.