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Terra (LUNA) vs Avalanche (AVAX): Comparative Analysis

LUNA vs AVAX


Token Name  LUNA AVAX
Launch Date 2018 2020
Founder Kwon Do-hyung Emin Gün Sirer
Blockchain Protocol proof-of-stake consensus proof-of-stake consensus
Native Token   LUNA2 AVAX
Market Cap $270,370,130 $6,370,380,411
Token Type Payments Utility, Payments.
Circulating Supply 127,475,474.31 LUNA 284,359,498.38 AVAX
Max Supply 1,004,262,701 720,000,000
Consensus Method Proof of Stake Proof of Stake

MarketCap* and Circulation Supply** as of August 2022

Source: CoinMarketCap

Additional Read: Terra Luna Crash Explained

What is Terra (LUNA)? 

Terra is a blockchain protocol utilizing fiat-pegged stablecoins to empower steady international fee programs. Terra is a singular mixture of worth stability and large adoption of fiat currencies providing reasonably priced and quick settlements.

The native token of the Terra community is the LUNA coin. It is used to stabilize the protocol’s stablecoin costs. The holders of the LUNA coin are additionally eligible to submit and vote on the governance proposals thus, it additionally acts because the governance token for the community. The stablecoins pegged to the Terra community are South Korean Won, US Dollar, Mongolian tugrik, and the IMF’s particular drawing rights basket of currencies. The builders intend to launch extra choices too.

After the depegging fiasco that occurred in early May 2022, the devalued LUNA token was rebranded to LUNC and a brand new token was airdropped to all of the holders of the previous Terra token as a compensation, which was named as LUNA. Hence the brand new token known as LUNA whereas the older defective one, linked to the depegged algorithmic stablecoin UST is now named LUNC.

Additional Read: Terra LUNA Airdrop 

What is Avax?

Avalanche is a layer 1 blockchain protocol that behaves as a platform for decentralized functions (DApps) in addition to customized blockchain networks. The foremost competitor of the avalanche cryptocurrency is Ethereum. The native token of the avalanche blockchain system is AVAX. The major objective of this blockchain protocol is to dethrone Ethereum from the seat of the most well-liked blockchain for sensible contracts. 

The benefit of AVAX over Ethereum is its excessive transaction output with none compromise with its scalability. It can course of as much as 6500 transactions each second with out affecting its scalability. The distinctive structure of Avalanche makes it attainable. There are three totally different and particular person blockchains every having a definite goal. The X-chain, P-chain, and C-chain have distinct use-cases in addition to totally different consensus mechanisms primarily based on their use circumstances. 

Avalanche has been engaged on creating its DApps and DeFi ecosystem after its mainnet launch in 2020. Some of the tasks which have built-in with Avalanche are TrueUSD and SushiSwap.

PROS AND CONS OF AVAX Vs LUNA Coin

PROS

AVAX LUNA
The distinctive options of the AVAX token are: The goal of Avalanche is to resolve the blockchain trilemma.  LUNA the rebranded model of the crashed LUNC token has been created to assist get better the losses of buyers and likewise an try to deliver the crypto undertaking on the map. 
It has three totally different blockchains to reinforce transaction velocity with out compromising scalability.  It combines the borderless advantages of crypto  with the value stability of fiat currencies.
The modular construction has helped avalanche enhance the interoperability with the opposite blockchains that want to combine with the Avalanche ecosystem. It has established quite a few partnerships with funds platforms particularly within the Asia-Pacific area.

CONS

AVAX  LUNA
Malicious Validator Activity Is Not reprimanded making the blockchain safety weak. The LUNA crash has induced worry, doubt and anxiousness within the Terra group.
Avalanche is a token above $10. Investors with a small threat urge for food could not be capable to buy a full token.     The new LUNA restoration undertaking has not been in a position to achieve profitable worth.
It’s Expensive To Become An Avalanche Validator. To turn out to be a validator a person will need to have 2000 AVAX holdings. Which roughly involves INR 39,400,00. 

LUNA Coin Price Prediction: How excessive will LUNA go in 2023? 

The LUNA worth could start the 2023 commerce above INR 1300 ranges and materialize a big upswing forward. The minimal ranges to take care of the uptrend might be round INR 1800, which can be secured within the first half of 2023. With an prolonged rally, the costs can also attain above INR 2000 too. 

Reaching the degrees above INR 2000, the asset could face a bearish pullback beneath these ranges for a short while. However, a fast flip might vary excessive and safe the degrees above INR 2200 on the earliest and head in the direction of INR 2500 by the top of Q3. Later the asset could proceed its roller-coaster experience that features a few jumps and pullbacks and settles round INR 2700 by the top.

Additional Read: LUNA Price Prediction

AVAX Price Prediction: How excessive will AVAX go in 2023? 

2023 might even see a flipping of this important 0.383 Fibonacci Retracement degree coinciding with the 200-day transferring common. Tentatively, a breakout over $70 (~INR 5500) would end in a large upside that might presumably push costs to its earlier all-time highs. 

The subsequent goal could be 0.682 Fib, or round $100 (~INR 7800). Now, this might be a vital degree of provide to breach because it kinds the psychological resistance degree of $100. Prices are inclined to accumulate in a zone similar to this, and will additionally see some revenue reserving corrections enjoying out earlier than a continuation of the rally by the top of the yr.

Additional Read: AVAX Price Prediction

How to put money into Avalanche (AVAX) and Terra (LUNA) Cryptos 

Investing in crypto is tremendous easy, protected, and secured with CoinDCX app. It doesn’t matter whether or not you wish to put money into the LUNA coin or the AVAX token, now we have received you coated.  Wondering the place to purchase LUNA coin? CoinDCX is India’s most secure and easiest crypto alternate in your one-stop buy of any cryptocurrency. 

Here are the three easy steps to purchase your first token with CoinDCX. 

  1. Sign up on CoinDCX 
  2. Link your financial institution particulars 
  3. Buy Terra LUNA INR or Buy AVAX INR

 



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