Movers of the Day 2-Oct-2022
Tokens and coins that moved the most in the last 24 hours:
Top movers of the day are Sun (New) and Litentry. Since morning Sun has surged 35.93%, Litentry 26.55%. Talken is 18.13% higher.
The crypto markets finished the day in red as illustrated by an adjacent chart showing the movement of the NWSBCT Index (Blue Chips) over the past 24 hours. 2100NEWS Indices ended between -0.03% and -1.67%. Our main 2100NEWS Total Index (NWST1100) ended -0.68%. Bitcoin ended -0.47%, Ether ended -1.00%.
Please read the notes to find out which criteria have been selected.
Sun (New) (SUN)
| 2100NEWS ranking: 271, Index member: – |
| 2100NEWS DA Orderbook Quality Evaluation Score: 13.1 |
he SUN.io platform is TRON’s first one-stop platform that supports stablecoin swap, token mining and self-governance. After the redenomination, the new SUN token, as a multifunctional governance token on the SUN platform (similar to the CRV token of Curve DAO and the EPS token of Ellipsis), will grant token holders various rights and benefits such as the voting and governance right in the community, value capture, staking rewards, etc..
Litentry (LIT)
| 2100NEWS ranking: 417 Ethereum-based Token, Index member: – |
| 2100NEWS DA Orderbook Quality Evaluation Score: 10.8 |
Litentry is a Decentralized Identity Aggregator that enables linking user identities across multiple networks. Featuring a DID indexing protocol and a Substrate-built distributed DID validation blockchain, Litentry provides a decentralized, interoperable identity aggregation service that mitigates the difficulty of resolving agnostic DID mechanisms. Litentry provides a secure vehicle through which users manage their identities and dApps obtain real-time DID data of an identity owner across different blockchains.
Top mover of the day is Terra Classic which has surged 12.87% since midnight. Ethernity Chain has increased by 2.29%, Decentralized Social 1.90%.
The crypto markets moved slightly higher this morning. Since midnight 2100NEWS Indices which measure the performance of different groups of tokens and coins have increased up to 0.32%. Our main 2100NEWS Total Index (NWST1100) which measures the performance of the major 1100 crypto assets by market capitalization is 0.10% higher. Similarly, Ether has increased by 0.08%, Bitcoin 0.06%.
Ethernity (ERN)
| 2100NEWS ranking: 412, Small cap Ethereum-based Token, Index member: NWST1100, NWSS300 |
| 2100NEWS DA Orderbook Quality Evaluation Grade: Ordinary, Score: 10.3 (Average for Small caps: 10) |
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.
Decentralized Social (DESO)
| 2100NEWS ranking: 312, Small cap , Index member: NWST1100, NWSS300, NWSCo100 |
| 2100NEWS DA Orderbook Quality Evaluation Grade: Poor, Score: 7.7 (Average for Coins: 14.5) |
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.
Terra Classic (LUNC)
| 2100NEWS ranking: 148, Mid-cap, Index member: NWST1100, NWSM200, NWSCo100, NWSDM100 |
| 2100NEWS DA Orderbook Quality Evaluation Grade: Extremely Weak, Score: 2 (Average for Coins: 14.5) |
| Warning: High volatility! |
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.
Branko
Litecoin