Altcoins News
By Pankaj K
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Terra and Luna
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Predicting the growth of Luna
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Terra is one of the most promising projects coming out of South Korea. Thanks to its payments dApp CHAI, it has positioned itself to pretty much take over the South Korean market.
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Terra is an algorithmic stablecoin that will be used by users to conduct transactions. Terra happens to be collateralized by Luna, which powers the networks DPOS blockchain.
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One of the more helpful indicators that can aid you in correctly judging the true value of an asset is NVT or “Network Value to Transactions.
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Terra has been designed in such a way that its NVT ratio won’t be going into the overbought zone - once fully implemented.
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These metrics could push NVT’s value into the oversold zone. When this happens, the following actions get triggered:
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What we can conclude from our observations is that both Terra’s and Luna’s values are intrinsically linked to each other.
The Currency Analytics
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