Terra Altcoin Behavior

In this dashboard, the altcoin I chose to investigate is $PSI, which is governance token to Nexus Protocol. Like most of other protocols on Terra, Nexus Protocol also launched the token before actually launching the product. And like other Terra altcoins, all went up a bit with shilling from CT and then dumps for 'price discovery'.

Graph below shows the price of $PSI against $LUNA for the past 90 days. We can see some correlation and dependancies of $PSI to $LUNA especially at end of November but in December, $LUNA pumped but $PSI continues downtrend.

Graph below shows the $PSI price and its daily percentage differences. We can see that most of the days for the past 90 days are negative with the most being -24%.

Graph below shows the volume in USD of $PSI token sale ie $PSI swapped for $UST. We can see that the number of both volume and transaction count has decreased so maybe bottom is in for $PSI ?

In conclusion, new Terra protocols need to launch a ready project and also clear function of the governance tokens or coin in order for it to 🚀.

flipside

flipside

Terra Altcoin Behavior