Movers of the Day 27-Dec-2022

December 27, 202212min466

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

Top mover of the day is SuperRare which has surged 21.30% since 7 pm. Toko Token has increased by 3.13%.

The crypto markets finished the day in red as illustrated by an adjacent chart showing the NWSBCT (Blue Chips) Index movement over the last 24 hours. 2100NEWS Indices ended between -0.13% and -1.88%. 2100NEWS Total Index (NWST1100) ended -0.64%. Bitcoin ended -0.87%, Ether ended -0.53%.

 

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

 

RARE

SuperRare (RARE)

2100NEWS ranking: 435, Small cap Ethereum-based Token, Index member: NWST1100, NWSS300
2100NEWS DA Orderbook Quality Evaluation Grade: Ordinary, Score: 11.1 (Average for Small caps: 9.8)

SuperRare 2.0 introduces web-scale curation, independently running storefronts on the platform, and sovereign minting contracts for the artists to mint, promote, and sell their works directly to collectors. By embarking on this path of progressive decentralization, SuperRare shifted ownership and governance of the network to the community. SuperRare 2.0 is a DAO, a decentralized organization that oversees key platform parameters, allocates funds from the Community Treasury, and votes on proposed improvements to the network and protocol.

 

Top mover of the day at 19:10 is Conflux Network which has surged 11.55% since 2 pm. MobileCoin is 3.95% higher. In the afternoon the crypto market went down. Since 2 pm 2100NEWS Indices which measure the performance of different groups of tokens and coins have decreased between 0.13% and 1.45%. 2100NEWS Total Index (NWST1100) is 0.79% lower. Similarly, Ether has fallen by 0.78%, Bitcoin by 0.73%.

 

CFX

Conflux (CFX)

2100NEWS ranking: 265, Mid-cap0, Index member: NWST1100, NWSM200, NWSCo100
2100NEWS DA Orderbook Quality Evaluation Grade: Poor, Score: 9.8 (Average for Coins: 15.6)

Conflux Network is a token of Conflux Network. Conflux Network is an open network built to drive the next generation of global commerce by unlocking tomorrow’s decentralized applications and digital assets. Conflux enables a secure and interoperable flow of assets and data across protocols & applications to create an internet of value for all. The public, permissionless blockchain is powerful and developer-friendly. By integrating Proof of Work into a Tree Graph architecture, Conflux delivers a robust network with solidity compatibility, zero congestion, and low fees.

 

The day’s top movers (at 2 pm) are Ren and Terra Classic, rising by 10.18% since 9 am. The crypto markets have trended sideways. In the last 24 hours 2100NEWS Total Index (NWST1100), which measures 1100 significant (by market capitalization) crypto assets’ performance, has fallen 0.08%, Bitcoin by 0.20%, and Ether by 0.24%.

 

LUNC

2100NEWS ranking: 200, Mid-cap, Index member: NWST1100, NWSM200, NWSCo100, NWSDM100
2100NEWS DA Orderbook Quality Evaluation Grade: Extremely Weak, Score: 2 (Average for Coins: 15.6)

Luna Classic is the first native token of the 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 rose. The day’s top movers (at 9 am) were Ren and Terra Classic. Quant has risen by 7.07% since midnight. Over the last 24 hours, the 2100NEWS Total Index (NWST1100), which measures 1100 significant (by market capitalization) crypto assets’ performance, has risen 0.30%, Bitcoin by 0.14%, and Ether by 0.16%.

 

QNT

Quant (QNT)

2100NEWS ranking: 34, Large-cap Ethereum-based Token, Index member: NWST1100, NWSL100, NWSTo100, NWSET100
2100NEWS DA Orderbook Quality Evaluation Grade: Poor, Score: 14.4 (Average for Large-caps: 18.1)

Quant Network or Overledger is the blockchain Operating System (OS) for the future. It empowers applications to function across multiple blockchains. Overledger securely removes the barriers that prohibit communication across multiple blockchains, providing endless possibilities for your data and applications. Overledger is the blockchain operating system that offers the ability to distribute value and applications across current and future blockchains without being limited to a single technology or method.

 

REN

Ren (REN)

2100NEWS ranking: 164, Mid-cap Ethereum-based Token, Index member: NWST1100, NWSM200, NWSTo100, NWSET100, NWSDM100
2100NEWS DA Orderbook Quality Evaluation Grade: Ordinary, Score: 17.3 (Average for Tokens: 15.5)

Ren is an open protocol meant to enable the permissionless and private transfer of value between any blockchRen’sRen’s core product, RenVM, is focused on bringing interoperability to decentralized finance (DeFi).

 



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