Movers of the Day 26-Sep-2022

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

Top movers of the day are TerraClassicUSD and IOTA. Since 7 pm TerraClassicUSD has increased by 3.22%, IOTA 3.34%.

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 Indices ended between +0.04% and +2.02%. 2100NEWS Total Index (NWST1100) ended +1.34%. Bitcoin ended +1.78%, Ether ended +2.51%.

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 Polymath and Bitgert which has surged 22.01% since 2 pm. Polymath is 3.88% higher. In the afternoon the crypto markets turned up. Since 2 pm 2100NEWS Indices have increased up to 1.52%. 2100NEWS Total Index (NWST1100) is 1.32% higher. Similarly, Bitcoin has increased by 1.24%, Ether even 2.08%.

Bitgert (BRISE)

Bitgert Is A Crypto Engineering Organization, Which Has Built The Fastest Blockchain Which Has The Speed Of 100,000 Transaction Per Second & Near Zero Transaction Fee; Bitgert Is The Fastest Blockchain Of 2022 And The Fastest Growing Ecosystem With Projects Spanning DeFi, NFTs, Web3 & Much More, Bitgert Also Has Developed A BRC20/ERC20/BEP20 Supported Wallet on Android & iOS, Bitgert Coin Exists on Binance Smart Chain & Bitgert Chain.

The day’s top movers (at 9 am) are Polymath and Terra Classic, soaring 63.87% since 9 am. The crypto markets have fallen. In the last 24 hours, the 2100NEWS Total Index (NWST1100), which measures 1100 significant (by market capitalization) crypto assets’ performance, has fallen by 2.55%, Ether by 2.52%, and Bitcoin by 1.44%.

Terra Classic (LUNC)

Luna Classic is the first native token of 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.

The crypto markets fell. The day’s top movers (at 9 am) were Swarm and MIOTA, rising by 10.83% since midnight.  On the day, the 2100NEWS Indices, which measure the performance of various groups of tokens and coins, reported losses between -0.36% and -2.53%. Over the last 24 hours, the 2100NEWS Total Index (NWST1100), which measures 1100 significant (by market capitalization) crypto assets’ performance, has fallen by 2.66%, Ether even 3.31%, and Bitcoin by 1.68%.

IOTA (MIOTA)

IOTA is a revolutionary new transaction settlement and data transfer layer for the Internet of Things (IoT). It is based on a new distributed ledger technology, the Tangle, which overcomes the inefficiencies of current Blockchain designs and introduces a new way of reaching consensus in a decentralized peer-to-peer system. Using IOTA, for the first time, people and machines can transfer money and/or data without any transaction fees in a trustless, permissionless, and decentralized environment. This means that even nano-payments are possible without needing a trusted intermediary of any kind.

Swarm (BZZ)

Swarm is a peer-to-peer network of nodes that collectively provide a decentralized storage and communication service. This system is economically self-sustaining due to a built-in incentive system enforced through smart contracts on the Ethereum blockchain and powered by the BZZ token.