Movers of the Day 9-Sep-2022

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

Top movers of the day are Ravencoin and TerraClassicUSD. Since 7 pm Ravencoin has surged 22.51%, TerraClassicUSD 33.32%.

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 DA Indexes ended between +3.52% and +7.99%. 2100NEWS Digital Assets Total Index (NWST1100) ended +6.72%. Ether ended +4.65%, Bitcoin ended +9.93%.

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

TerraClassicUSD (USTC) 

Terra is an open-source blockchain hosting a vibrant ecosystem of decentralized applications (dApps) and top-tier developer tools. Using proof-of-stake consensus and ground-breaking technologies like Mantlemint, Terrain, and Terra Station, the Terra blockchain is one of the fastest chains in existence, giving users an unparalleled DeFi experience. As a permissionless, borderless economy, Terra enables next-generation financial products accessible to anyone with an Internet connection.

Top movers of the day at 19:10 are Anchor Protocol and Ravencoin. Since 2 pm Anchor Protocol has increased 7.78%, Ravencoin 8.96%. The crypto markets trended sideways. In the last 24 hours 2100NEWS DA Indexes have increased up to 8.66%. 2100NEWS Digital Assets Total Index (NWST1100) is 7.53% higher. Bitcoin has increased by 10.76%, Ether 5.04%.

Ravencoin (RVN)

Ravencoin is a blockchain and platform optimized for transferring assets, such as tokens, from one holder to another. Based on the extensive development and testing of the UTXO model of the Bitcoin protocol, Ravencoin is built on a fork of the Bitcoin code. Key changes include a block reward time of one minute, a change in the number of coins issued but not the weighted distribution schedule, and the addition of asset creation and messaging capabilities. Ravencoin is free and open source. All Ravencoin (RVN) are fairly issued and mined publicly and transparently using Proof of Work (POW) using the x16r algorithm created for Ravencoin. There is no private, public, founder, or developer allocation set aside. Ravencoin is intended to prioritize security, user control, privacy, and censorship resistance. It is open to use and development in any jurisdiction while allowing simple additional features for users based on need.

The day’s top movers (at 2 pm) are Polymath and Terra, soaring 129.2% since 9 am. The crypto markets have soared. On the day, the 2100NEWS DA Indexes, which measure the performance of various groups of tokens and coins, reported gains between 2.85% and 6.70%. Over the past 24 hours, the 2100NEWS Digital Assets Total Index (NWST1100), which measures 1100 significant (by market capitalization) crypto assets’ performance, has soared 6.56%, Bitcoin even 8.71%, and Ether 4.15%.

Terra (LUNA) 

Terra is a public blockchain protocol that emerged from Terra Classic. Terra Classic is home to the algorithmic stablecoin TerraClassicUSD (UST). It’s now-renamed LUNC token collateralized UST, which crashed in a bank run in May 2022. That devalued LUNA to virtually zero and caused a launch of a new chain — resulting in Terra Classic and Terra. The new Terra blockchain continues the legacy of Terra Classic without the UST stablecoin. It will keep building with the help of the LUNA community dubbed “LUNAtics” and evolve the world-class UX and UI that brought Terra Classic up to second place in total value locked (TVL) at its peak. Many DApps have agreed to migrate to Terra to continue their functionality.

The crypto markets soared. The day’s top movers (at 9 am) were Golem and Polymath. Ravencoin has surged by 21.5% since midnight. On the day, the 2100NEWS DA Indexes, which measure the performance of various groups of tokens and coins, reported gains between 2.50% and 6.04%. Over the past 24 hours, the 2100NEWS Digital Assets Total Index (NWST1100), which measures 1100 significant (by market capitalization) crypto assets’ performance, has soared 6.15%, Bitcoin even 7.31%, and Ether 5.25%.

Polymath (POLY)

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.

Golem (GLM)

Golem is a decentralized marketplace for computing power. It enables CPUs and GPUs to connect in a peer-to-peer network, enabling both application owners and individual users (“requestors”) to rent resources from other users’ (“providers”) machines. These resources can be used to complete tasks requiring any amount of computation time and capacity. Nowadays, centralized cloud providers control these services, and these platforms are constrained by closed networks, proprietary payment systems, and hard-coded provisioning operations. Golem proposes an open-source, decentralized, and user-controlled alternative.