An experienced 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”. As Kriptokoin.com, we are giving the details…
Terra can make the difference despite the selling pressure in the altcoin market
Despite the current decline in the crypto money 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. Crypto Dog highlights that LUNA is acting independently of the market overall:
Once BTC calms down, LUNA is clearly heading towards new highs. Complete nonsense on many charts. Terra is not one of them.
Terra power price stable global payment networks of fiat stablecoins It is a blockchain technology that provides 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 develop significantly.
Terra breaks record in TVL value
According to DeFi Llama, a decentralized finance monitoring website, the total value (TVL) locked in Terra is around 10% in the previous seven days and last month. increased by more than 50%. 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 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. The second largest Blockchain. Terra’s entire cryptocurrencies hit over $30.20 billion earlier this month, momentarily surpassing Ethereum (ETH).
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