Terra

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Terra closes in on $50 while bulls look forward to another price discovery phase.
Fantom swings to new all-time highs above $2 despite overbought conditions.

Cryptocurrencies across the board appear to be slowing down following the remarkable gains carried since last week Friday. For instance, Bitcoin came close to touching $56,000 but has retreated toward $53,000. As discussed, Ethereum was rejected at $3,600 and could close the day at $3,400 if support at $3,500 fails to hold.
Nonetheless, some tokens continue roaring, unbothered by those taking a breather. Fantom and Terra are some of these cryptocurrencies recording double-digit gains on the day. Shiba Inu has started trimming gains extensively in what could be a perfect example of a pump and dump strategy. The Dogecoin spinoff has been down 26% in the last 24 hours while trading $0.000022.
Terra:-
Terra is digging into the supply zone in the red amid a push to hit another all-time high. Toward the end of last week, the token retreated from highs close to $50 to $40, the support provided by an ascending trend line and reinforced by the 50 Simple Moving Average (SMA).
The correction to $40 made LUNA more attractive to investors, who took advantage of the lower price to enter the market and increase their positions. This explains the immediate recoil with the potential to crack the barrier at $50 and start Terra’s new price discovery mode.
The token’s prevailing uptrend cannot be overemphasized, starting with a recent buy signal from the MACD. Additionally, the RSI confirms the intense bullish grip on the price. Thus, Terra is better positioned to keep the rally going than retreat to the short-term support at $44 and $40.
LUNA/USD Four Chart
 Live Chart  
LUNA/USD price chart by Tradingview
Fantom:-
Fantom’s roaring continues toward the mood as bulls discover new levels. According to CoinGecko, FTM is up 25% in the last 24 hours, bringing the seven days’ accumulated gains to 80%. Fantom attracted over $220 million in trading volume in the same period while it holds the 36th spot in the market, boasting $5.4 billion in market cap.
The uptrend remains viable based on the general short-term technical picture. Support is, however, required preferably above $2 to ensure that retracements are not very destructive. On the upside, Fantom does not have a defined resistance, and that all addresses are in profit.
FTM/USD 12-Hour Chart
 Live Chart  
FTM/USD price chart by Tradingview
Investors should be bullishly cautious, especially with the RSI being heavily overbought. The previous supply zone in red will likely work as support, but if push comes to shove, FTM will drop to $1.5.
The post Terra, Fantom Price Analysis: October 8, 2021 appeared first on Coingape.


Terra closes in on $50 while bulls look forward to another price discovery phase. Fantom swings to new all-time highs above $2 despite overbought conditions. Cryptocurrencies across the board appear to be slowing down following the remarkable gains carried since last week Friday. For instance, Bi...

coingape.com

Terra, Fantom Price Analysis: October 8, 2021


Terra beats its record high traded in September to achieve a new ATH at $46.5.
Solana bulls fight to reclaim $170, a move that will close the gap to $180 and bring SOL closer to $200.

Altcoins started October in style, gaining ground from the lows recorded in September. For nearly two weeks, crypto assets, including Bitcoin, had suffered a massive setback, with most settling at crucial junctures. Nevertheless, some tokens like Terra and Avalanche did not seem bothered by the bearish pressure in the market, culminating in incredible gains toward their all-time highs.
As reported earlier, Bitcoin’s upswing above $48,000 lifted the rest of the cryptocurrency market in a fantastic show of price correlation. BTC currently trades slightly above $47,000 following a rejection due to the resistance marginally past $48,000.
Terra:-
Terra broke above its record high of $44.5 for the first time since September 11. The token went ahead to trade a new high at $46.5. However, the spike to this level was short-lived, with LUNA forced to retreat to $41.4.
At the time of writing, Terra is teetering at $44 after bulls retook control. The general trend is upward, especially with eyes glued on tearing through the new all-time high. Investors are looking forward to a run-up above $50,000 in the near term.
If the bullish outlook from the Moving Average Convergence Divergence (MACD) remains intact, Terra’s journey to a higher ATH will have great potential. Besides. The Relative Strength Index (RSI) confirms that bulls have the upper hand, especially its continuous movement toward the overbought area.
LUNA/USD 12-Hour Chart
 Live Chart  
LUNA/USD price chart by Tradingview
Solana:-
Solana recovered and surpassed our prediction of $170 on Sunday. The upswing started in tandem with BTC’s recovery to $48,000. Solana overcame most of the hurdles along its way, including $150, $160, and $170.
The smart contracts token traded October highs of $178 before retreating to confirm support toward $160. Currently, SOL trades at $169 while bulls battle to reclaim $170.
Bulls have to be alert because the RSI points downward, insinuating that overhead pressure could be rising. More substantial support is expected at the 61.8% Fibonacci retracement level, around $160.
SOL/USD 12-Hour Chart
 Live Chart  
SOL/USD price chart by Tradingview
On the upside, the MACD’s bullish picture cannot be ignored. Therefore, the setback from $178 should not scare buyers from the market. Besides, holding above $170 will bring Solana closer to $180, while $200 comes in sight.
The post Terra, Solana Price Analysis: October 4, 2021 appeared first on Coingape.


Terra beats its record high traded in September to achieve a new ATH at $46.5. Solana bulls fight to reclaim $170, a move that will close the gap to $180 and bring SOL closer to $200. Altcoins started October in style, gaining ground from the lows recorded in September. For nearly two weeks, cryp...

Terra, Solana Price Analysis: October 4, 2021


Cardano is stuck in consolidation above $2 despite key development milestones.
Terra almost closed the gap to $40, but overhead pressure soared, leading to an ongoing retracement to $36.

Cardano stabilized above $2 in the last week, with its frequent recovery attempts ending unsuccessfully. Nonetheless, Cardano’s development activity is on an upward trajectory, with stablecoins likely to come to the ecosystem in the future.
According to the founder, Charles Hoskinson, Cardano will in the future be able to run countries. In addition, the network that currently supports smart contracts is looking forward to critical partnerships that will see it expand its footprint in the industry and grow utility.
Meanwhile, the cryptocurrency market has started the new month in the red, despite ending September in the green. Bitcoin lifted to close the gap at $44,000, but as reported, bulls lacked a catalyst to confirm a breakout above this level. At the moment, BTC trades around $43,500 while bulls focus on stopping declines below $43,300.
Cardano:-
ADA is trading at $2.1 at the time of writing, with the sideways trading likely to carry on in the near term. The Moving Average Convergence Divergence (MACD) affirms the mundane trading as it levels at -0.062. This horizontal movement suggests that the market is undecided and emphasized by a similar Relative Strength Index (RSI) picture.
Cardano will confirm the uptrend to the supply zone in red around $2.5 if bulls make a real break past the descending trendline. On the downside, the bearish move may break the stalemate, resulting in immense losses under the demand zone in green. More support is expected at the 200 SMA and $1.5.
ADA/USD 12-Hour Chart
 Live Chart  
ADA/USD price chart by Tradigview
Terra:-
Terra made a run for $40 on Thursday amid an impressive bullish push from the highlighted green demand zone support. A break above a descending trend line resistance boosted the price above the resistance at $38.
Although bulls eyed highs above $40 which would bring the token to the all-time high at $44, LUNA retreated on hitting $39. At writing, the token trades at $37 as bulls rush to secure higher support.
LUNA/USD 2-Hour Chart
 Live Chart  
LUNA/USD price chart by Tradigview
Meanwhile, support is expected at the 50 SMA, currently holding the ground at $36. If push comes to shove, Terra will retest the descending trend line before losing more ground to the primary demand zone in the green.
The post Cardano, Terra Price Analysis: October 1, 2021 appeared first on Coingape.


Cardano is stuck in consolidation above $2 despite key development milestones. Terra almost closed the gap to $40, but overhead pressure soared, leading to an ongoing retracement to $36. Cardano stabilized above $2 in the last week, with its frequent recovery attempts ending unsuccessfully. Nonet...

Cardano, Terra Price Analysis: October 1, 2021

Terra, a top 15-ranked cryptocurrency by market capitalization, is planning to apply the Columbus 5 upgrade to its mainnet today. If everything goes according to plan, this new update will bring improvements to allow the Terra network to keep expanding. Columbus 5 will change how the network mints UST (terrausd), the main stablecoin of the blockchain, and will also bring integration with other chains, and faster transactions.
Columbus 5 to Go Live Today
Terra, a smart contract-enabled cryptocurrency chain, is prepared to apply the new Columbus 5 mainnet upgrade today. This will bring important updates to the network that could pave the way for future growth. However, the upgrade procedure is anything but simple: the old mainnet, Columbus 4, needs to be stopped completely to be replaced by the new one. The Terra team estimates this upgrade will take two hours.
The network upgrade will make fundamental changes in how UST is minted. Before, to mint the UST stablecoin, users had to pay a fee called seigniorage, which was redistributed to the community. With Columbus 5 changes, this seigniorage will be all burned, adding to the scarcity of the LUNA token. Due to this, the update has been referred to as a sort of EIP-1559 for Terra.
In addition to this, the update brings IBC support, which allows Terra to communicate with other networks such as Solana and Polkadot. This will allow the movement of assets between these networks, potentially increasing the presence of Terra-based assets in other chains.

Terra USD Expansion Is the Goal
Terra developers and proponents expect these new improvements will allow UST, the native stablecoin of the system, to become the defacto decentralized stablecoin on several blockchains. At the same time, it is thought this UST acceptance would create an appreciation of the value of Terra’s governance and minting token, luna (LUNA). This is the reason a new bridge called Wormhole, which will provide easy access to the UST stablecoin on Solana, will debut in this upgrade.
The Terra ecosystem, albeit young, has made an impact in the cryptocurrency market. While UST is still not listed on some of the biggest exchanges like Binance, it has reached a market cap of $2.6 billion, becoming the fifth-largest stablecoin by market cap. Luna has also grown immensely, experiencing growth of over 10,000% in one year.
What do you think about Terra and its Columbus 5 network upgrade? Tell us in the comments section below.



























Terra, a top 15-ranked cryptocurrency by market capitalization, is planning to apply the Columbus 5 upgrade to its mainnet today. If everything goes according to plan, this new update will bring improvements to allow the Terra network to keep expanding. Columbus 5 will change how the network mint...

news.bitcoin.com

Terra to Apply Columbus 5 Mainnet Migration

At the time of writing, the total value locked (TVL) in decentralized finance (defi) is around $176 billion across various blockchains like Ethereum, Binance, Terra, Polygon, Solana, and Avalanche. While Ethereum commands $130 billion of the aggregate total locked, a myriad of other defi-fueled blockchains continue to see TVLs steadily rise. 
Total Value Locked Across All Defi Compatible Blockchains
The total value locked (TVL) in defi today has risen to $176.9 billion with a change of 1.07% during the last 24 hours, according to defillama.com statistics. The TVL has been steadily nearing the $200 billion zone and today Uniswap commands 3% dominance among the variety of defi applications. The defi application Aave commands $16.04 billion and Curve captures $13.92 billion today as most of the TVL is locked into application bolstered by the Ethereum chain.
Total value locked on all chains, according to defillama.com statistics on Sunday.
A number of other chains, however, have been contributing billions to the overall defi TVL. While Ethereum (ETH) has around $130.07 billion on Sunday, the Binance Smart Chain (BSC) has around $19.05 billion TVL. This is followed by Terra ($7.84B), Polygon ($5.34B), Solana ($4.3B), Avalanche ($2.36B) and Klaytn ($1.29B). The latest launch of the Arbitrum mainnet scaling solution for Ethereum has approximately $2,343,531 TVL on Sunday.
Total value locked on all chains, according to defillama.com statistics.
As far as decentralized exchange (dex) platforms are concerned, Curve has the most TVL today with $13.92 billion followed by the BSC-powered Pancakeswap with $5.94 billion and Uniswap has $5.3 billion TVL. For just the Ethereum chain alone, among 16 different dex platforms, Dune Analytics dex stats show there’s been $19 billion in global swaps during the last seven days. $2.24 billion in 24 hours and Uniswap commands 69.2% of all the dex volume across 16 dex platforms.
       
Uniswap Remains Ethereum’s Top Dex, Unique Defi Addresses Rise to 3.3 Million
Seven-day stats show Uniswap exchanged approximately $12,952,621,793 in global trades. 88% of the volume stems directly from dex applications but the rest of the volume (11.7%) are funneled through dex aggregators like 1inch, 0x API, Matcha, and Paraswap. The number of defi users or unique addresses across Ethereum-based defi apps is 3.3 million. The biggest lending apps today include platforms like Aave, Compound, Anchor, Venus, and Cream Finance respectively.
The total number of Ethereum-based unique defi addresses is more than 3.3 million on Sunday, September 5, 2021.
As far as yield-based TVL rankings on defillama.com are concerned, Convex Finance holds the top position on Sunday. This is followed by Yearn Finance, Alpaca Finance, Tranches, and Autofarm. The largest defi asset in terms of TVL is wrapped bitcoin (WBTC) with $10.05 billion locked. The second-largest defi asset is hbtc (HBTC) with $1.74 billion and mirror (MIR) with $1.01 billion.
What do you think about the defi TVL growth across various blockchains? Let us know what you think about this subject in the comments section below. 



























At the time of writing, the total value locked (TVL) in decentralized finance (defi) is around $176 billion across various blockchains like Ethereum, Binance, Terra, Polygon, Solana, and Avalanche. While Ethereum commands $130 billion of the aggregate total locked, a myriad of other defi-fueled b...

Terra price	$43.36
Low - High 24H	$41.87 - $45.34
Market cap	$17.42B
Volume 24H	$999.99M
All time high	$49.70 -12.77% October 4th 2021
All time low	$0.121798 35495.49% March 18th 2020
Genesis date	N/A

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