Terra Altcoin Behavior

    Terra Bounty: In this bounty, we assess the Pylon Protocol project ($MINE token) performance over the past 90 days, using a metric such price and number of transfers.

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    First we answer the question What is Pylon Protocol? Pylon Protocol consists of a suite of savings and payments products in decentralized finance (DeFi) that builds on stable yield-bearing protocols to provide services powered by user deposits. Pylon enables sustainable exchanges between long-term value providers and their consumers through customizable deposit contracts and yield redirection. As a promising future standard of programmable payments, Pylon introduces a new paradigm of incentive alignment between payers and payees, consumers and creators, patrons and artists, investors and entrepreneurs, borrowers and lenders, and many more groups and relationships. The protocol is maintained by various independent platforms and is governed by holders of Pylon's native governance token also known as $MINE.

    In the next step, we obtained the average daily price chart of the $MINE in the last 90 days. It can be seen that the $mine price trend has been declining, however, due to the prevailing market conditions, many altcoins were in a corrective trend.

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    On the other hand, we see that there is a correlation between the price chart and the number of transfers. As prices fall, so does the number of $mine transfers. Perhaps the community of this project is waiting for the future trend of the market to be determined.

    Question_ What do you think are the prospects for your chosen altcoin? The future market trend will affect the prospect of $mine. If the market trend changes but the $mine price still falls, we can not hope for the future performance of this project. On the other hand, the amount of transfers of an Altcoin indicates the dynamics of that project. When the transfers of an Altcoin decrease, that Altcoin falls asleep. The future trend of the market affects our prospects for this project.