Can Acrana (ACR) Become a Crypto Powerhouse Like Terra (LUNA) and Dogecoin (DOGE)

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For some cryptocurrencies, it’s an arduous process to become a major player in the industry, while for some, it’s a rapid rise to the higher echelon of the crypto world. 

While the journey is just beginning for Acrana (ACR), the likes of Terra (LUNA) and Dogecoin (DOGE) are established players in the crypto space, and we’ll take a look at their journey and whether the Acrana can reach the level, the cryptos above have hit. 

Launched in 2018, Terra (LUNA) continuously demonstrates that they are one of the biggest cryptocurrency names. 

Terra is a blockchain platform for algorithmic stablecoins that aims to reduce the endemic volatility of cryptocurrencies. 

Developed by Terraform Labs, Terra is now the second biggest smart contract platform, behind only Ethereum, with a market cap of over USD 35 billion.

Alongside Terra’s native LUNA token, Terraform Labs also developed the Terra USD (UST) that through an algorithm, is pegged to the U.S. dollar. 

In order to stabilise the crypto market, in an attempt to mint UST tokens, LUNA and a percentage of a digital token are burned with more LUNA being automatically burned and transferred to a community pool should the demand for more UST token arises. 

LUNA has been one of the highest performing coins for the past year, rising by 923.7% in that time frame. 

It’s been a successful return to normalcy for LUNA in the past couple of months, having dropped to $44.36 on the 31st of January and currently trading at $98.44, surging 21.7% in the past 24 hours. 

Ventures into the metaverse and NFT market is what Terra is planning in 2022, following the launch of Terra World in 2021, which is a