143.Terra.Altcoin.Behavior

Terra blockchain includes a decentralized stable coin suite to stabilize its price by increase and decrease the value of it. Terra is superior to Fiat Money in terms of structure and technology because of the novel structure of Terra blockchain, as it operates under decentralized backing and eliminates the risk of mistakes. Luna is the original or main coin of Terra blockchain. Also, Terra network has different altcoins as listed in: https://finder.extraterrestrial.money/ In this query, the behavior of one of these altcoins should be studied from the introduced aspects.

The price of SPEC altcoin in each day is shown in this bar graph. according to this graph, the price is consistent but in Dec 26,2021 it jumps to 17 USD.

The overall view of results for Terra altcoin (SPEC) is clarified in this table. This table includes the price and total number of swaps for each day over the past 90 days.

In this line figure, the number of swaps per day over the last 90 days for SPEC altcoin is demonstrated. As shown in this figure, the number of swaps is at its highest level in Dec 25,2021 and Jan27, 2022.

conclusion:

According to the main structure of Spectrum protocol and its benefits, its expected that the application of this protocol is going to grow in the 2022. Also, the applicability and advantages of Luna have huge impact on popularity growth of Spectrum protocol. In the same direction, the price and usage of SPEC token will be increased too.

From the mentioned link, the Spectrum token (SPEC) is chosen and studied from the price and swap point of view. The Spectrum protocol is a yield optimizer on Terra blockchain that provides various asset farming tools for users to earn compound interests. The Spectrum protocol provides vaults which can use on staking and liquidity providing actions.

The results of SPEC token behavior are shown in the following graphs and table.

flipside

flipside

143.Terra.Altcoin.Behavior