- LUNA flips Ethereum and Solana to emerge as the most staked digital asset.
- Investors and merchants keen on Terra (LUNA) following its ATH with TVL.
The global coin market has been on a quest to extract the most out of the new quarter. Which is now just over a fortnight’s time. Wherefore, folks from the town have been prioritizing on capable digital assets, for higher yields.
That said, since altcoins now account for a significant portion of an investors portfolio. Investors have been analyzing the statistics of various alts.
Successively Terra (LUNA) is now a “not to miss out on” digital asset for savvies from the community. As the altcoin triumphs against the likes of Ethereum and Solana in terms of staking.
Moreover, the digital asset setting a new ATH in terms of TVL, raises bars for LUNA. Consequently, folks pin hawkish sight on the price, which recently shot to ATH.
Is Terra The New Ethereum Killer Of The Cryptoverse?
Terra has been one of the trending and most visited digital assets on a prominent cryptocurrency price analytics platform. Which justifies the growing prominence of the altcoin. Terra has been performing at an astounding degree since the past week. With its listings, votings, analytics, and other highlights.
Successively, the week saw Terra reaching the ATH in terms of TVL and price. The total TVL as per DeFillama, as of press time is at $27.94 B. Terra holds the second position by market share at 11.35%.
The dominance in Terra’s TVL is majorly held by Anchor with 54.80%. The other two top performers are Lido Finance, and Astroport. LUNA has recently flipped Ethereum with staking at $31.6 B.
Notable highlights for the week include Kraken supporting LUNA staking, C2X metaverse launching via FTX. Kado raising $5.4 M from strategic partners, launch announcement of Atlo and Lun Art, amongst others.
In contrast, a recent research from Messari cites that, out of the top-30 assets, Terra held the highest circulating market cap.
Consequently, LUNA’s volatility has been traversing southwards of-late. Which recently took a fall of about 55% around the clock on the 11th of March. In contrast, the social sentiments have seen negligible change over the week.
According to sources, the social volume has risen 3.1% over the week, while social engagement climbed 9%. That said, the bullish sentiment is up 2.5%.
Summing up, the aforesaid factors have been driving enthusiasm amongst investors and traders. Since the project offers a blend of both smart contracts and DeFis, it will continue to entice investors. That said, we can look forward to LUNA munching candles towards its ATH yet again. Hopefully the current sentiments will help the asset propel higher by mid-week.