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What exactly is Terra (LUNA) cryptocurrency? What you need to know
For the last 24 hours to Friday morning, the Terra (LUNA) cryptocurrency's trading volume increased by more than 19%, while its price dropped by more than 20%.
What is Terra (LUNA)?
Terra, a blockchain protocol, uses fiat-pegged stablecoins to improve payment systems. According to its white paper, it seeks price stability and broader adoption of fiat currencies with the censorship-resistant Bitcoin (BTC) to provide reliable and cost-effective settlements.
The Terra project began in January 2018. Its mainnet was officially launched in April 2019.
Terra's native token, LUNA, is used to stabilise stablecoin prices in the protocol. Furthermore, token holders can vote on governance proposals, granting LUNA the status of a governance token.
Terra was founded in January 2018 by crypto enthusiasts Daniel Shin and Do Kwon.
The total supply of LUNA tokens is one billion. If the number of tokens exceeds the supply, the excess tokens are burned to balance the supply. It can be traded on exchanges such as Huobi, Bitfinex, and others.
Terra (LUNA): Price and Performance
The LUNA token was trading at US$48.28 at 10:07 a.m. ET on January 28, down 20.96 percent. Its trading volume in the last 24 hours was $3.16 billion, a 19.70% increase.
It has a market capitalisation of US$19.33 billion, and its fully diluted market capitalisation is US$40.38 billion. Its current circulating supply is 400.64 million.
In the last 52 weeks, the LUNA token reached a high of US$103.33 and a low of US$1.37. It peaked at US$103.33 on December 27, 2021.
Bottomline
Over the last 12 months, the LUNA token has gained 3247.79 percent. Before investing in digital assets, investors should conduct a thorough market analysis.
Support us!
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By Crypto PiratesFor the last 24 hours to Friday morning, the Terra (LUNA) cryptocurrency's trading volume increased by more than 19%, while its price dropped by more than 20%.
What is Terra (LUNA)?
Terra, a blockchain protocol, uses fiat-pegged stablecoins to improve payment systems. According to its white paper, it seeks price stability and broader adoption of fiat currencies with the censorship-resistant Bitcoin (BTC) to provide reliable and cost-effective settlements.
The Terra project began in January 2018. Its mainnet was officially launched in April 2019.
Terra's native token, LUNA, is used to stabilise stablecoin prices in the protocol. Furthermore, token holders can vote on governance proposals, granting LUNA the status of a governance token.
Terra was founded in January 2018 by crypto enthusiasts Daniel Shin and Do Kwon.
The total supply of LUNA tokens is one billion. If the number of tokens exceeds the supply, the excess tokens are burned to balance the supply. It can be traded on exchanges such as Huobi, Bitfinex, and others.
Terra (LUNA): Price and Performance
The LUNA token was trading at US$48.28 at 10:07 a.m. ET on January 28, down 20.96 percent. Its trading volume in the last 24 hours was $3.16 billion, a 19.70% increase.
It has a market capitalisation of US$19.33 billion, and its fully diluted market capitalisation is US$40.38 billion. Its current circulating supply is 400.64 million.
In the last 52 weeks, the LUNA token reached a high of US$103.33 and a low of US$1.37. It peaked at US$103.33 on December 27, 2021.
Bottomline
Over the last 12 months, the LUNA token has gained 3247.79 percent. Before investing in digital assets, investors should conduct a thorough market analysis.
Support us!