Covalent X Token vs Terra — how do they compare? Covalent X Token trades at Rp67.82 (market cap Rp66,46M, Rp3,61M 24h volume), while Terra trades at Rp848.01 (market cap Rp598,16M, Rp72,16M 24h volume). The key difference: Terra is far larger — about 9× Covalent X Token's market cap, and Covalent X Token's supply is capped (967,1M / 1B CXT (97%)) while Terra's keeps growing. Which is the better fit depends on your goals — on Pluang, investors hold Covalent X Token for 10 Days and Terra for 80 Days on average.
| CXT | LUNA | |
|---|---|---|
Market Cap | Rp66,46M | Rp598,16M |
Volume (24h) | Rp3,61M | Rp72,16M |
Circulating Supply | 967,1M / 1B CXT (97%) | 710M LUNA |
Typical Hold Time | 10 Days | 80 Days |
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CXT is the utility and governance token of the Covalent Network, which safeguards Ethereum’s historical data. It is used for staking and enables holders to participate in decentralized governance. The network enhances data availability for developers building on the Ethereum ecosystem.
Read more on CXT →The Terra 2.0 protocol is a decentralized and open-source public blockchain protocol. Luna is the Terra protocol's native staking token used for governance and mining. The Terra 2.0 chain will not have a stablecoin and holders of the old Terra Classic chain will be airdropped new Luna native coins. In the plan, developers of the Terra ecosystem are to migrate and deploy their dapps on the new blockchain.
Read more on LUNA →