Introduction

What Is Terra?

Terra is an open-source blockchain payment platform for an algorithmic stablecoin, which are cryptocurrencies that automatically track the price of currencies or other assets. The Terra blockchain enables users to instantly spend, save, trade, or exchange Terra stablecoins.

The Terra protocol creates stablecoins designed to consistently track the price of a fiat currency (a government-backed currency such as the U.S. dollar or euro). It consists of two cryptocurrency tokens—Terra and Luna.[1]

Observations

The daily #txns chart below shows the number of unique transactions for Monday, January 9th. As it is clear from the graph, with the increase in the transaction, the price of the network has also increased.

The daily #active users chart below shows the number of unique users who transacted on Monday, January 9th. As it is clear from the graph, with the increase of users, the price of the network has also increased.

1.Transactions

\n I checked on transactions why the price of LUNA had such a sudden jump on Monday night, January 9th. \n

2.swaps

I checked on swaps why the price of LUNA had such a sudden jump on Monday night, January 9th. \n

4.transfers

I checked on staking why the price of LUNA had such a sudden jump on Monday night, January 9th.

5.sales

I checked on staking why the price of LUNA had such a sudden jump on Monday night, January 9th.

Methodology

• I split this dashboard into 5 parts and used the 5 terra.core tables below: terra.core.fact_transactions,

  terra.core.ez_swaps , terra.core.ez_staking ,

  terra.core.fact_nft_sales , terra.core.ez_transfers

• count the number of transactions

• count the number of users

• date based on the day

• date 9 january

The Question :

Beginning in the wee hours of Monday, January 9 (ET), the price of LUNA skyrocketed, from $1.37 to a high of nearly $2 before settling down at roughly $1.60.

Identify some of the major reasons for this recent upshot in price, and back up your assertions with data. Why did the price jump so suddenly on Monday night? Will prices remain at, or above, current marks in the coming weeks or will it return to at or near $1? Why?

Observations

The daily #swaps chart below shows the number of unique swaps on Monday, January 9th. As it is clear from the graph, with the increase of swap, the price of the network has also increased. \n The daily #swappers chart below shows the number of unique swappers on Monday, January 9th. As it is clear from the graph, with the increase of swappers, the price of the network has also increased

Observations

The daily #stakes chart below shows the number of unique stakes on Monday, January 9th. As it is clear from the graph, with the increase of stakes, the price of the network has also increased. \n The daily #users chart below shows the number of unique users on Monday, January 9th. As it is clear from the graph, with the increase of users, the price of the network has also increased

3.staking

I checked on staking why the price of LUNA had such a sudden jump on Monday night, January 9th.

Observations

The daily #transfer chart below shows the number of unique transfer on Monday, January 9th. As it is clear from the graph, with the increase of transfer, the price of the network has also increased. \n The daily #Active_users chart below shows the number of unique users on Monday, January 9th. As it is clear from the graph, with the increase of users, the price of the network has also increased

Observations

The daily #txns chart below shows the number of unique transactions on Monday, January 9th. As it is clear from the graph, with the increase of transactions, the price of the network has also increased. \n The daily #seller chart below shows the number of unique sellers on Monday, January 9th. As it is clear from the graph, the number of sellers did not affect the price of the network

conclusion

According to the number of users and the number of transactions, as well as the number of exchanges and sellers and the number of shares on Monday, January 9, because it was the first working day after the holiday and the amount of supply and demand was out of balance in a certain proportion as a result of the currency price. It increased on this day, and in the days after January 9, we faced a decrease in the price, and it is predicted that it will not remain at the current price and we will see a decrease in the price to close to $1.