New addresses and transactions on Terra and Fantom have spiked over the year and new projects are emerging on these platforms. Both of these projects could be able to buck the trend and are expected to dominate the Defi prostor.
the old axiom “pratiti novac” could resemble “pratiti the total value locked“. The more is TVL, the healthier is the network. Especially, Terra surged more than $1 milijarde in TVL in the last 24 hours after a prolonged downtrend in January. Fantom was one of the most undervalued assets that have seen more than a 2.15% porast u TVL za samo 24 sata.
Also Read: Ethereum and Terra Short Term Bounce! ETH & LUNA Price To Hit This Level Before Plunging
Terra Tears the Bears!
Terra has experienced a steep fall of more than 10% on Monday, post popular Defi platforma zemlja čuda enwrapped in a glitch when one of its employees was disclosed in recent days for being involved in one of the crypto frauds. However, the platform has instantly recovered after the crash followed by the grand commencement to the new month with 5% dobici.
The price has approximately lost over 50% of its value in January, and bulls are expected to accumulate the bottoms to propel the price above $100 in February. As RSI is hovering at the buy zone, LUNA cijena is likely to onboard the upward trajectory.
Fantom Roots For $5!
Compared to blue-chip cryptocurrencies such as ETH, AVAX, I SOL, FTM is most undervalued based on its TVL to its market cap. The total value locked has grown by more than 3 milijardi $ in just one month. Especially, from just 5,000 jedinstvenih aktivnih adresa in January 2021 surged to 1.5 miliona by the end of the year. And over the past month, the number spiked from 18,650 to 750,000 transakcija po danu.
Hence, the platform has been growing rapidly and is likely to reach its true potential in the near future. Despite adverse market sentiments, Fantom price remained almost invulnerable to FUDs. Currently, with a recovery in its price action, the altcoin has surged to $2.09 sa 3.04% gains round the clock. If bulls continue to accumulate the current bottoms, the price may flip $2.5 to surge by 2x.
Collectively, the total value locked indicates the healthy network connection between the platform and the community. Terra i Fantom would dominate the DeFi space in the next couple of months with the surge in TVL and price action.
Source: https://coinpedia.org/altcoin/terra-and-fantom-could-go-5x-with-resurgence-in-tvl/