Terra Is Attracting Large Share Of DeFi Market
2022年3月4日 - 12:42AM
NEWSBTC
LUNA’s 50% increase in the last week has made it one of crypto’s
most popular coins. With $34 billion worth, Terra (LUNA) currently
occupies a seventh place on Coinmarketcap, and even more, headlines
are making themselves known with this rise to fame. Not only did
the token shoot up past Solana ($32B), but also Cardano ($31B), who
sit eighth & ninth respectively now that their rankings have
changed due to LUNA’s hipe. LUNA is the token that fuels the DeFi
ecosystem. However, the real product is stablecoins, like UST,
which pegs its value to dollars. Also protects against volatility
in cryptocurrency prices by keeping your wealth protected from
fluctuations. Related Reading | Terra (LUNA) Outperforms Popular
Cryptos Ether, Dogecoin In The Past 24 Hours The UST and LUNA
markets are in a tug of war. The two stablecoins compete with one
another for investors’ attention, but they also affect each other’s
prices as well. When the USD-based Terra gains more traction than
its crypto counterpart, there will likely be an increase on both
sides due to their unique algorithmic mechanisms, which motivate
market agents (arbitrage opportunities) There are many stablecoins,
but UST is the only one with decentralization. The market cap of
$13 billion makes it the fourth-largest stablecoin. All other top
hitters are centralized. Tether with a $79 billion market cap,
followed by Circles’ USDC$53 billion and BUSD ($18 billion) The
latest data from DefiLlama shows that 11.2% of all funds locked up
in DeFi space belong to Terra nodes alone. A rather impressive
number considering its $23 billion worth compared well with other
platforms like Solana or Fantom, which have less than half as much
funding. Ethereum still rules supreme, though; they claim 55
percent dominance when they include their total invested. Terra
(LUNA) Price Update LUNA has been one of the more exciting coins to
watch over recent months. However, since January, its price action
became divorced from what most investors would expect in a highly
correlated market like cryptocurrency trading. LUNA is trading at
$92.55, with 24-hour highs near $96.31 and lows of $89.21. With a
$34.5 billion market cap, the coin holds 7th rank in the crypto
market. However, if entirely diluted, the market value may reach
$72 billion, which would be an incredible investment return for
anyone who is currently investing. Related Reading | Market
Update: Crypto Market Rebounds As Tech firms Boycott Russia LUNA is
one of the most resilient coins in this crypto bear market, and
according to Matt Hougan from Bitwise Asset Management, it’s on an
“absolutely spectacular run” so far. It fell less than others
during recent volatility while recovering faster too. The price of
LUNA is skyrocketing. According to some analysts, it could hit $98
by the end of this month. Featured image from Flickr Chart from
Tradingview.com
Terra (COIN:LUNAUSD)
過去 株価チャート
から 3 2024 まで 4 2024
Terra (COIN:LUNAUSD)
過去 株価チャート
から 4 2023 まで 4 2024