Crypto Powerhouse?
For some cryptocurrencies, becoming a prominent player in the business is a long and difficult process, while for others, it is a quick ascent to the upper echelon of the crypto world.
While Acrana (ACR) is still in its early stages of development, established cryptos such as Terra (LUNA) and Dogecoin (DOGE) have already made significant progress, and we’ll examine their journeys to see if Acrana (ACR) can catch up.
Terra (LUNA)
Terra (LUNA) has been one of the best performing coins over the last 12 months, with a gain of 923.7 percent. Terra (LUNA), which launched in 2018, is the world’s seventh-largest cryptocurrency, according to CoinMarketCap data. Terra (LUNA) is a blockchain platform for algorithmic stablecoins with the goal of lowering cryptocurrency volatility.
Terra (LUNA), developed by Terraform Labs, is now the second-largest smart contract platform in the world, behind only Ethereum (ETH), with a market capitalisation of more than $35 billion.
Along with Terra’s native (LUNA) token, Terraform Labs has created the Terra (LUNA) U.S. dollar (UST) token, which is tied to the US dollar via an algorithm.
In an attempt to mint UST tokens to stabilise the crypto market, LUNA and a percentage of a digital token are burned, with more TERRA (LUNA) being automatically burned and transferred to a community pool as demand increases.
According to the most recent long-term forecast, Terra’s (LUNA) price is expected to reach $75 by the end of 2022 and then $100 by the middle of 2023.
Dogecoin (DOGE)
Dogecoin (DOGE) is one of the oldest cryptocurrencies, arguably the coin of 2021, is a meme coin. Having been founded in 2013 by Billy Markus and Jackson Palmer as a parody of Bitcoin (BTC), which was still in its infancy at the time.
Dogecoin (DOGE) made a stunning 3100 percent gain in 2021, starting the year at $0.005685 and reaching a peak of $0.731578 in May.
Following a time of price battle, the currency currently has a market valuation of over $16 billion and is up 3.1 percent in the last 24 hours, a struggle that some analysts anticipate will continue.
Despite these pessimistic forecasts, Billy Markus, the co-founder of Dogecoin (DOGE), recently announced the release of MyDoge, an iOS wallet that can accept transactions from any cryptocurrency exchange.
Acrana (ACR)
Acrana (ACR) project exemplifies how far cryptocurrency has progressed in terms of its significance and influence.
Many people are losing faith in the present traditional financial system, and Acrana (ACR) has a solution for them.
Acrana (ACR) aims to support the growing popularity of decentralisation in the cryptocurrency market by allowing members to control the infrastructure they engage in by developing a worldwide virtual currency backed by Bitcoin (BTC) rather than the US dollar.
Acrana (ACR), which is governed by a decentralised autonomous organisation (DAO), supports transparency within its project and values the opinions of its members, as the Acrana (ACR) community will make decisions that affect the project.
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