Terran is an NFT minting platform that aims to reduce the entry barrier for non-fungible tokens. It leverages a public blockchain for smart contracts to improve efficiency in cryptocurrency trading.
The platform intends to deliver superior services to its users by utilizing a public blockchain for smart contracts.
Terran is keen on introducing NFT as a business for individuals, not just companies, and believes users should not require extensive blockchain technology knowledge to participate in NFTs.
Terran offers several off-chain and TRRss-chain solutions to its customers, enabling them to enjoy more scalability and flexibility. The platform aims to support the worldwide community, including developers, merchants, and investors.
Terran has its own blockchain and protocol, making it user-friendly and efficient. The platform’s minting platform uses Terran Chain and the Dual Delegated Proof-of-Stake (DDPoS) consensus protocol, enabling users to mint various digital assets ranging from pictures to games and music.
Terran’s NFT marketplace allows users to publish and sell NFTs. Users can add information, publish NFTs, and offer them for sale. If users are not ready yet, they can keep their NFTs private. Terran intends to compete with other existing NFT marketplaces in the blockchain industry and emerge as the best.
Technical Analysis and Prediction of the TRR Price
After mid-October, the TRR price fell straight to rock bottom. Followed by a 76% decrease in price, investors lost hope when the liquidity went nil. Since the end of October last year, the trading volume has been little to nil. The price prediction is neutral with no target price.
| Name | Value | Action |
| Relative Strength Index (14) | 33.9748 | Neutral |
| Stochastic %K (14, 3, 3) | 18.6237 | Neutral |
| Commodity Channel Index (20) | −124.0627 | Buy |
| Average Directional Index (14) | 27.5159 | Neutral |
| Awesome Oscillator | −0.0020 | Neutral |
| Momentum (10) | −0.0020 | Sell |
| MACD Level (12, 26) | −0.0008 | Sell |
| Stochastic RSI Fast (3, 3, 14, 14) | 19.6185 | Neutral |
| Williams Percent Range (14) | −81.2500 | Buy |
| Bull Bear Power | −0.0019 | Neutral |
| Ultimate Oscillator (7, 14, 28) | 47.0984 | Neutral |
Over the past 24 hours, TRR has traded 0.01% lower and is currently priced at $0.016659411. This shift occurred while volume was below its average level, and the token’s market capitalization dropped.
Summary
Terran competes with other NFT marketplaces and utilizes smart contracts on a public blockchain to improve efficiency in cryptocurrency trading. However, the TRR cryptocurrency has suffered a significant drop in value since mid-October, and trading volume has been low ever since. The price prediction is currently neutral with no target price.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading in stocks, cryptos or related indexes comes with a risk of financial loss.
Amanda Shinoy is one of the few women in the space invested knee-deep in crypto. An advocate for increasing the presence of women in crypto, she is known for her accurate technical analysis and price prediction of cryptocurrencies. Readers are often waiting for her opinion about the next rally. She is a finance expert with an MBA in finance. Quitting a corporate job at a leading financial institution, she now engages herself full-time into financial education for the general public.
Source: https://www.thecoinrepublic.com/2024/02/06/trr-crypto-what-is-terran-usecases-trr-token-and-more/