In the last month, XRP has increased by almost 50%.
In past issues, I have talked about the upcoming ISO 20022 implementation of a new financial currency of which XRP is a large player. This new international payments system is the biggest change to our financial system in 50 years.
It's not just XRP that has been having a good week. Other ISO 20022 projects are also doing well too, including:
- Quant (QNT) - Up +106% (90-days)
- Algorand (ALGO) - Up +27% (30-days)
- XDC Network (XDC) - Up +13% (7-days)
- Steller (XLM) - Up +8% (30-days)
To see the current and historical prices for the ISO 20022 projects as well as a full explanation of ISO 20022, see the article below, Top ISO 20022 Cryptos:
Top Trending Altcoin - Luna Classic (LUNC):
Terra Luna Classic has been pumping over the last few weeks and the reason behind it is quite interesting. Before the collapse of Luna back in May, it was trading at $119 and within a few days was almost worthless.
Why did Terra Luna Collapse?
In May 2022, Terra blockchain’s stablecoin UST lost its peg and as a consequence, its governance token LUNA lost 99% of its value within a day. It was a bad day for the markets and many believed this was the end for Terra Luna.
However, the team behind Terra Classic (the new name for the coin) is looking to resurrect the coin and has planned to implement a 1.2% transaction tax burn mechanism. This tax has been created to correct the collapse of the Terra ecosystem. The tax will be applied to all transactions and will result in a reduction of the total supply of Terra Classic.
So far the market seems to be responding positively to the news.
Terra Classic (LUNC) up 57% in 24 hours
In the last 24 hours, Terra is already up +57%
- Terra Classic (LUNC) - Up +208% in the last 60 days
What we are seeing with Terra Classic is completely new to the cryptocurrency market. Never before have we seen a complete collapse of a cryptocurrency and its subsequent revival. This speaks largely to the community behind Terra.
It was only five months ago when Terra was trading at an all-time high of $119. Less than a month after it's all-time high the price dumped to almost nothing ($0.00001675).
Today it's trading at $0.0003
Currently ranked #31 of all cryptocurrencies and may very well be one of the greatest coin revival stories in the cryptocurrency space.
Small Cap Gainers in the last 30 days
Although the market has been moving sideways over the last month, within the smaller capitalized projects there have been some significant gains. The projects listed below fall within the Nano, Micro & Small market capitalization.
Here are a few low market cap projects that have performed well in the last 30 days:
- OAX +324% - Layer 2 solution & DeFi (Polkadot) (Micro-Cap)
- PIVX +147% - Privacy Coin (Micro-Cap)
- PHB +528% Phonix Global - Private Blockchain (Micro-Cap)
- NEOX +201% - Gaming Currency (Nano-Cap)
- Bone ShibaSwap +62% (30-days) Governance token of Shibaswap (Small-Cap)
Every week we review and analyze low market cap cryptos looking for the next low-cap gem. To find out our next altcoin pick, be sure to signup as a paid subscriber.
Monthly Altcoin Pick:
We will continue with our monthly Altcoin picks, focusing on projects with long-term potential with our next Altcoin pick will be released at the of September.
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Until the next report,