In 2022, which crypto fan is not familiar with the price increases between Solana (SOL) and Terra (LUNA) which rose simultaneously through the moon. 🚀
Getting to know these two cryptos really needs attention. Solana is a common base layer blockchain that optimizes scalability, and is designed to host dApps. Meanwhile, Terra is a blockchain that was built for the purpose of launching a decentralized digital payment ecosystem using crypto assets called algorithmic stablecoins. 📑
Looking back, on April 5 2022 both cryptos were above US$100. Again opening up the price history, still on April 5 2022 the SOL price was at US$132. Meanwhile, the price of LUNA (or now known as LUNC) is at US$116. ⏳
Passing the year 2023, and today, January 17 2024, seeing the prices of SOL and LUNC (or previously known as LUNA) are very different, it feels like a dream – if you remember the decline in LUNA & UST. Today's SOL price was recorded at US$101, a little short of reaching the same price on April 5 2022. Meanwhile, LUNC (formerly known as LUNA) was at US$0.0001229 or look at the price of LUNA (LUNA V2 or the latest version) at US$0.7295. 🪙
Looking at the explanation above, the two cryptos are really very different. SOL had fallen and kept fighting until it flew back up, while LUNC and LUNA V2 both struggled but could not keep up with the rise like SOL. 🎢
Disclaimer: This article is not financial advice, the author is not a financial advisor. All investment and trading activities are your own decisions and your own responsibility. Please do your own research.
