Tokens and coins that moved the most in the last 24 hours:
Top movers of the day are Decentralized Social and Locus Chain. Since 7 pm Decentralized Social has surged 29.20% while Locus Chain has increased only 1.26%.
In the evening the crypto markets turned back and finished the day 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 ended between -0.09% and -1.00%. 2100NEWS Total Index (NWST1100) ended -0.48%. Bitcoin ended -0.33%, Ether ended -0.57%.
Please read the notes to find out which criteria have been selected.
Decentralized Social (DESO)
DeSo is a new type of blockchain designed to power Web 3.0 decentralized social networks. Since its inception in 2019, DeSo has aimed to solve the problems created by present social media centralization. Today, a handful of private companies effectively control public discourse, earning monopoly profits; meanwhile, the creators who actually produce the content are often underpaid and under-engaged. In contrast, DeSo’s social blockchain treats social media content as a public utility, making it permissionless and available to anyone. DeSo combines the paradigm of an open P2P financial system offered by cryptocurrencies with an efficient and scalable database infrastructure tailored to bring about the next generation of Web 3.0 social networks.
Top movers of the day at 19:10 are REI Network and CLV. Since 2 pm REI Network has surged 22.87%, CLV 16.54%. In the afternoon the crypto markets went up. Since 2 pm 2100NEWS Indices which measure the performance of different groups of tokens and coins have increased up to 1.51%. 2100NEWS Total Index (NWST1100) is 1.32% higher. Bitcoin has increased by 1.44%, Ether even 1.65%.
REI Network (REI)
REI Network was developed to better adapt to the blockchain’s development trend and achieve a lightweight, Ethereum-compatible, higher performance, and no-fee blockchain framework.
The day’s top movers (at 9 am) are Beta Finance and Automata Network. Terra Classic has risen by 8.58% since 9 am. The crypto markets have trended sideways. In the last 24 hours the 2100NEWS Total Index (NWST1100), which measures 1100 significant (by market capitalization) crypto assets’ performance, has risen by 0.13%, while Ether has fallen by 0.47%, and Bitcoin by 0.25%.
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 trended sideways. The day’s top movers (at 9 am) were Beta Finance and Automata Network, surging by 28.80% since midnight. Over the last 24 hours, the 2100NEWS Total Index (NWST1100), which measures 1100 significant (by market capitalization) crypto assets’ performance, has risen by 0.73%, and Ether and Bitcoin by 0.26%.
Automata Network (ATA)
Automata Network is a decentralized service protocol that provides privacy middleware for dApps across multiple blockchains. It enables versatile use-cases such as Anonymous Voting, Miner Extractable Value (MEV) minimization, and No-tracking Indexing by leveraging on the latest cryptography and privacy-preserving algorithms, along with trust computing technologies.
Beta Finance (BETA)
Beta Finance is a permissionless money market on Ethereum for borrowing, lending, and shorting crypto assets. It allows users to access a scalable and accessible money market where tokens can be listed permissionless and automatically and where users can short these tokens. Beta Finance plans to launch on additional layer one and layer two solutions after its Ethereum Mainnet launch. Users have three options: lending, borrowing, and shorting. Lenders can lend crypto assets for any market on Beta Finance and earn interest on it. Borrowers can take the contrary position, while short-sellers can use collateral to initiate short positions. Unlike centralized exchanges, Beta Finance does not use an order book to execute shorts but routes the trade through decentralized exchanges that use automated market makers. As part of its Phase 2 launch, the platform plans to release permissionless money market creation.
Ethernity Chain (ERN)
Ethernity Chain is a community-oriented platform that produces limited edition authenticated NFTs and trading cards created by your favorite artists and endorsed by notable figures. Built on the Ethereum Network, it aims to build the biggest A-NFT library, reward its creators and raise funds for charitable causes forever. Its unique DEFI applications allow ERN token holders to farm rare A-NFTs and vote on proposals that will amend the Ethernity Chain ecosystem.