At the time of its introduction in the market, TerraNova rose to an all high of $8,069 within days. Unlike many promising cryptocurrencies such as Bitcoin which have followed an erratic yet gradual and understandable curve, this crypto started on an extreme high. After a few weeks of trading, the price drastically fell to $100. Since August 2017, the price of this alternative coin has been on a downward trend. As of 14th December, its price was $14.7.
Was the sharp TerraNova price surge real?
There are numerous questions surrounding the creation and the existence of TerraNova alt coin. The coin is owned by ECO Coin. Unlike the numerous new cryptocurrencies of 2017, this firm doesn’t have a single website where you can get any information relating to its operations. Questions about the coin increased even more when it started trading on platforms such as coinmarketcap in July where the price was above $8,000. This was way more than even Bitcoin’s price which hadn’t even hit the $1,000 mark.
Where does it stand now?
According to coinmarketcap which seems to be the only exchange where TerraNova is traded, the price stands at $13.90. The price has seen a low of $1.6 in the past. The market capitalization of this cryptocurrency is $0.0 USD which has been the case since it was launched. It is impossible for a company to have $0.0 market capitalization if it has shares trading on any exchange. Even for a cryptocurrency like TerraNova which is shrouded in mystery, this is a big question that adds on to whether the cryptocoin is genuine.
Is it advisable to invest in it?
Unlike Ethereum, Litecoin and other credible cryptocurrencies, TerraNova hasn’t submitted a website from where the general public can learn anything about it. The crypto is not supported by a Facebook or Twitter account either. Currently, the traded volumes of the crypto are exceedingly low and this is not a good sign to any investor. Moreover, the many allegations flying about puts the coin in an awkward position especially because no one from ECO Coin has ever come out to disprove or confirm them. Invest in other cryptos if you can, at least until the truth about this coin is known.