March 9, 2021 - Let's look at what cryptos have been moving in the past 24 hours!
Chiliz (CHZ) absolutely exploded yesterday. At one point, it was up 130% for the past 24h and nearly 400% for 7d! It's currently at a modest 60% and shows no sign of slowing.
Polygon (MATIC) is showing some life following the announcement that it will be tradeable on Coinbase starting this week. Incoming transfers begin today, ahead of trading, and official trading will begin on Thursday, March 11. SKALE (SKL) and SushiSwap (SUSHI) are also coming to Coinbase.
Terra's LUNA coin sits in the #3 spot today. In February, Terra blew past its $1B market cap milestone and continued beyond $3 billion. As Terra mints more of its TerraUSD stablecoin, it burns LUNA. As a result of February's growth, 80M LUNA was burned--about 8% of the total supply. Read more in Terra's most recent community update. It will be interesting to see what happens with LUNA as more & more TerraUSD are minted!
Rounding out the top 5 are NEAR Protocol (NEAR) and Kusama (KSM). NEAR recently boasted about its inclusion in the Crypto Valley VC Top 50--which is a pretty good list of well-known projects. Kusama's growth is likely fueled by excitement over upcoming auctions, but Parity.io also introduced Statemint today. Statemint will "provide functionality for deploying assets — from tokenized artwork to stablecoins and Central Bank Digital Currencies — in the Polkadot and Kusama networks and give their users a better experience with lower fees than existing solutions."
Top 5 Gainers (24h)
Chiliz (CHZ) +58.47%
Polygon (MATIC) +32.24%
Terra (LUNA) +26.99%
NEAR Protocol (NEAR) +25.06%
Kusama (KSM) +23.32%
Top 5 Losers (24h)
NEM (XEM) -1.38%
Uniswap (UNI) -1.87%
Bancor (BNT) -0.79%
TRON (TRX) -0.73%
yearn.finance (YFI) -0.59%
I'm looking for feedback! Did I miss some important news on these movers & shakers? Is there a different coin you'd like to learn about? Do you like Paris in the the springtime? Let me know by leaving a comment below!
Lead image by David Clode on Unsplash
