Movers of the Day 15-Jul-2023

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

Top movers of the day are TerraClassicUSD and Adventure Gold. Since morning TerraClassicUSD has surged 24.97%, Adventure Gold is 13.26% higher.

The crypto markets finished the day higher as 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 +0.86%. 2100NEWS Total Index (NWST1100) ended +0.43%. Bitcoin ended +0.23%, Ether ended +0.14%.

Please read the notes to find out by what criteria they have been selected. The market information provided only reflects the state of the market up to midnight the last 24 hours. Therefore, it may not accurately represent the current market conditions at the time of your inquiry.

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 to be accessible to anyone with an Internet connection.

The day’s top movers (at 9 am) are Ark and Synthetix. JUST has risen by 15.04% since midnight.

In the last 24 hours, the cryptocurrency markets experienced a retracement following a previous surge triggered by a significant court decision related to Ripple’s sale of XRP. The 2100NEWS Indices, which monitor the performance of various groups of coins and tokens, have reported gains ranging from 0.27% to 1.73% since midnight. This suggests that some cryptocurrencies within these indices have shown resilience and started recovering from the recent retracement. On the other hand,  the 2100NEWS Total Index (NWST1100), which measures the performance of 1100 significant crypto assets based on their market capitalization, has experienced a substantial decline of 3.42% over the past 24 hours. Among the leading cryptocurrencies, Ether (ETH) has seen a significant drop of 3.64%, and Bitcoin (BTC) has also experienced a decline of 3.19% over the past 24 hours.

JUST (JST)

JUST aims to build a fair, decentralized financial system that provides stablecoin lending and governance mechanisms for users worldwide. JUST is a two-token system. The first token, USDJ, is a stablecoin pegged to the US Dollar at a 1:1 ratio and is generated by collateralizing TRX via JUST’s CDP portal. JST, the second token, can be used for paying interest, platform maintenance, participating in governance through voting, and other activities on the JUST platform. JUST allows all transactions, collateralization, and governance to be transparently executed on-chain. JUST is built on the TRON Network, the largest decentralized application ecosystem, and aims to provide a set of easy-to-use and transparent financial services for all its members.

Liquity (LQTY)

Liquity is a decentralized borrowing protocol that allows you to draw 0% interest loans against Ether used as collateral. Loans are paid out in LUSD – a USD-pegged stablecoin and need to maintain a minimum collateral ratio of only 110%.

Synthetix (SNX)

Synthetix, formerly Havven, is a cryptoasset-backed network that enables the creation of on-chain synthetic assets. Synthetix is a decentralized payment network where users transact directly in a price-stable cryptocurrency. Those who use the stablecoin pay fees to those who collateralize the network, compensating them for the risks of providing collateral and stability. Collateral providers control the money supply, and fees are distributed proportionately to each individual’s stabilization performance. Thus, Synthetix rewards suppliers with stability and charges those who demand it.