In the midst of the ongoing uncertainty in the cryptocurrency market, there is also a crypto token that has increased by 15000 percent in 1 year.
The name of this token is Terra. Terra has made it to the top 10 cryptocurrencies by market capitalization within a year.
The token, which grew by about 15,000 percent in a year, made an all-time high of $75.56, starting from a low of one dollar. Talking about the data available on Coinmarketcap, Tera has shown an increase of 12000 percent on a year-on-year basis.
New Delhi. In the midst of the ongoing uncertainty in the cryptocurrency market, there is also a crypto token that has increased by 15000 percent in 1 year.
The name of this token is Terra. Terra has made it to the top 10 cryptocurrencies by market capitalization within a year. Terra’s market capitalization now stands at $26 billion, from Dogecoin, Shiba Inu, Avalanche, Polygon, and Crypto.com coins. is more.
Terra is one of the best performing cryptocurrencies in 2021. The token, which grew by about 15,000 percent in a year, made an all-time high of $75.56, starting from a low of one dollar.
Talking about the data available on Coinmarketcap of Rs 12 lakh made of 10 thousand, Terra has shown an increase of 12000 percent on a year-on-year basis. If someone had invested ₹ 10000 in the stock on January 1, 2021, then by now their value would have been Rs 12 lakh. On Wednesday, 8 December 2021, this token was weighing in the range of $68 to $70.
As tempting as the market is, the risk is
not the first time a cryptocurrency has delivered such high returns. The volatility in the cryptocurrency market is very high, due to which the returns received in it are also proportionately. Seeing such returns, people are attracted towards the crypto market.
But they should also keep in mind that the way these tokens run up, they also go down in the same way. Some tokens are such that when they came and when they left, no one even knew.
But experts say that there are some such tokens which can prove to be a profitable deal for the long term. His fundamentals are good. Terra is also a similar coin.
