A veteran cryptocurrency analyst predicts that a strong Ethereum competitor will surpass ATH levels despite the current market correction. Keeping in mind that the predictions are not certain, let’s examine the current altcoin analyzes of the Twitter analyst nicknamed “Crypto Dog”. cryptocoin.com We provide details as…
Despite the selling pressure in the altcoin market, Terra can make the difference
Despite the current decline in the cryptocurrency markets, a well-known crypto expert says he is positive about Ethereum rival Terra (LUNA). The Twitter analyst, nicknamed Crypto Dog, told his 736,200 Twitter followers that it may be a matter of time before decentralized finance (DeFi) payment network Terra reaches ATH levels. He emphasizes that Crypto Dog LUNA acts independently from the overall market:
With BTC calming down, LUNA is clearly heading towards new highs. Complete nonsense on many charts. Terra is not one of them.
Terra is a Blockchain technology that powers the price stable global payment networks of fiat-pegged stablecoins. According to his report, Terra combines price stability and the widespread use of fiat currencies with the censorship resistance of Bitcoin (BTC), providing fast and affordable transactions. The altcoin is currently trading at $82.17, down about 3.23% in the previous 24 hours. Despite the recent dip in the crypto market, Crypto Dog’s prediction comes as Terra’s ecosystem continues to show significant development.
Terra breaks record for TVL value
According to DeFi Llama, a decentralized finance monitoring website, the total value (TVL) locked in Terra has increased by nearly 10% in the previous seven days and by more than 50% in the last month. The total capital involved in a Blockchain’s smart contracts is represented by its TVL. The current value of cryptocurrencies is multiplied by the amount of collateral locked into the network to calculate the TVL.
According to DeFi Llama, Terra is the second largest blockchain in terms of total value locked with a TVL of $21.54 billion, down 8.34% from an all-time high of $23.5 billion. Terra’s entire cryptocurrencies hit over $30.20 billion earlier this month, momentarily surpassing Ethereum (ETH).
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram and YouTube join our channel!
Disclaimer: The articles and articles on Kriptokoin.com do not constitute investment advice. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, asset or service in this article.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.