It is surprising that in the last one month its price has gone up from $47 to $91. This clearly means that within a month the value of Terra has doubled and the return potential of the token has doubled. It will also be interesting to know here that within a week of the start of the Russia-Ukraine War, there has been a tremendous increase in the price of this token.
If you look at the price history of Terra, then on February 24, its price was around $ 50. But since then there has been a huge jump in its price and the market capitalization of this cryptocurrency has doubled. Currently Terra’s market capitalization is $340 million (approximately Rs 25.9 trillion). According to data from market research agency CoinMarketCap, Terra has become the 7th largest digital token in the world.
Experts say that the war between Russia and Ukraine has changed this token as investors are now turning to stable coins including (Terra) Luna.
Terra is a blockchain protocol. It uses stablecoins pegged to legal currency to run a global payment system with stable prices. It was created in 2018 by Daniel Shin and Du Vaughn. He had undertaken this project with the aim of adopting rapid blockchain technology keeping in mind the price stability.
<!–
–>
For the latest tech news, smartphone reviews and exclusive offers on popular mobiles, download the Gadgets 360 Android app and follow us on Google News.
Related news
,