The most profitable cryptocurrencies of the day are named

On Saturday, September 17, the top five most profitable cryptocurrency assets in the TOP 100 ranking included Terra Classic (LUNC), Terra (LUNA), Cosmos (ATOM), Chiliz (CHZ), and Ripple (XRP).

The Terra Classic (LUNC) cryptocurrency has taken the lead. Over the past 24 hours, the digital asset has added 12.16% and is trading at $ 0.32. The total market capitalization was recorded at $ 1.98 billion.

The second place went to Terra (LUNA), which gained 11.5% over the day and traded at $ 3.18. The market capitalization amounted to $ 405.14 million.

We assume that the situational growth of these cryptocurrencies is due to increased attention to the founder of Terraform Labs, Do KwonIn Seoul, the capital of South Korea, a court issued a warrant for his arrest and the detention of five other employees of the firm. They have been officially accused of violating the country’s legislation on financial capital markets. On Thursday, it became known that the South Korean prosecutor’s office filed a request with the country’s Ministry of Foreign Affairs to revoke Kwon’s passport. According to international law, citizens with revoked identity cards must be immediately deported to their country of origin. Thus, the founder of Terraform Labs will be forced to return from Singapore (where he is now) back to South Korea.

It should be added that in early September, a new token called «JailKwon» appeared in the cryptocurrency space, created in honor of DoKwon. The team behind the project describes the token as a meme coin. The developers of JailKwon say that the project wants to shed light on what happened during the Terra collapse. «Every time you see or hear the name Do Kwon, LUNA, or LUNC, the JailKwon token will be around,» the developers said.

The Cosmos (ATOM) cryptocurrency also pleased its holders — over the past day, the digital asset’s rate has increased by 10.88% and is trading at $ 16.42.

The Chiliz (CHZ) fan token also gave its short-term investors a reason to rejoice: over the past day, it rose by 8%, and the asset price amounted to $ 0.215. The market capitalization is $ 1.28 billion.

Finally, the Ripple virtual coin (XRP) gained 6.9% over the day and is trading at $ 0.348. The market capitalization held at $ 17.36 billion.