Tokens and coins that moved the most in the last 24 hours:
Top movers of the day are Terra Classic and Victoria VR. Since morning Terra Classic has surged 22.83%, Victoria VR is 20.83% higher.
During the day the crypto markets were going up and finished in green. 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. The large caps represented by 2100NEWS 100 Large Cap Index (NWSL100) ended +1.13%. Our main 2100NEWS Total Index (NWST1100) ended +0.83%. Bitcoin ended +0.73%, Ether ended +0.70%.
Please read the notes to find out which criteria have been selected.
Terra Classic (LUNC)
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.
Victoria VR (VR)
Victoria VR is a Blockchain-based MMORPG in Virtual Reality with Realistic Graphics built on Unreal Engine, created and owned by its users. The whole world is built to be a universal platform for all virtual realities, games, and decentralized applications, collectively creating a Metaverse — a shared virtual realm, the 3D internet. In the Victoria VR World, there will be games, quests, never-ending adventure, virtual galleries, and The Big Market VR where you can exchange NFT’s in 3D! In addition, users will be rewarded for each of their activities in the VR world.
Top movers of the day are Celsius and TerraClassicUSD which has surged 16.67% since midnight. Celsius is 11.57% higher. Loom Network has increased by 7.87%.
The crypto markets moved higher this morning. Since midnight 2100NEWS Indices which measure the performance of different groups of tokens and coins have increased up to 0.76%. Our main 2100NEWS Total Index (NWST1100) which measures the performance of the major 1100 crypto assets by market capitalization is 0.53% higher. Similarly, Ether has increased by 0.53%, Bitcoin only 0.45%.
Celsius Network is a democratized interest income and lending platform accessible via a mobile app. Built on the belief that financial services should only do what is in the community’s best interests, Celsius is a modern platform where membership provides access to curated financial services unavailable through traditional financial institutions. Crypto holders can earn interest by transferring their coins to their Celsius Wallet and borrowing USD against their crypto collateral at interest rates as low as 4.95% APR.
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 to be accessible to anyone with an Internet connection.
Loom Network (LOOM)
Loom Network is a Platform as a Service built on top of Ethereum, allowing developers to run large-scale decentralized applications. This lets developers build DApps with the trust and security of the world’s most secure public blockchain, along with the computing resources necessary to run commercial-scale services. Like Filecoin tokenized disk space, Loom aims to be the tokenized application protocol of the new decentralized web.