Current LUNA Price Overview
The current price of Terra (LUNA) is $1.71, reflecting a 1.33% decline in the past 24 hours. Key metrics:
– 24-hour trading volume: $2,204,770.56
– Market cap: $386,515,613 (Rank #83)
– Circulating supply: 210,000,000 LUNA
👉 Track real-time LUNA price movements
Terra Price Performance (USD)
| Time Frame | Price Change | Percentage Change |
|---|---|---|
| 7 Days | -$0.08 | -4.82% |
| 30 Days | -$0.31 | -15.38% |
| 3 Months | +$0.45 | +35.15% |
LUNA Market Data Snapshot
- 24-hour range: $1.71 (low) – $1.75 (high)
- All-time high: $18.87
- All-time low: $1.19
- Launch date: May 28, 2022
- Consensus mechanism: Proof-of-Stake (PoS)
What Is Terra (LUNA)?
Terra is a decentralized blockchain protocol specializing in algorithmic stablecoins and open financial infrastructure. Its native token, LUNA, stabilizes Terra’s stablecoins (e.g., UST) through supply adjustments. Key features:
– Low fees: Enables cost-effective cross-border transactions.
– Scalability: Supports dApps like Anchor (savings) and Mirror (synthetic assets).
– Staking rewards: PoS model incentivizes validators based on transaction volume.
LUNA’s Economic Model
- Fixed supply: Capped at 1 billion LUNA; excess tokens are burned.
- Investor allocation: Early backers (e.g., Pantera Capital, Galaxy Digital) held 4% of genesis supply.
- Staking dynamics: ~30% of LUNA is staked, reducing sell pressure.
Terra’s Founding Team
- Do Kwon (CEO): Ex-Apple/Microsoft engineer; founded Anyfi (mesh networking).
- Daniel Shin: E-commerce entrepreneur (co-founded Ticket Monster).
- Funding: Raised $150M in Q2 2021 from Coinbase Ventures, Arrington XRP Capital, and others.
FAQs About Terra (LUNA)
1. What drives LUNA’s price volatility?
LUNA’s value fluctuates based on adoption of Terra stablecoins, staking activity, and broader crypto market trends.
2. How does Terra’s stability mechanism work?
The protocol adjusts LUNA’s supply to maintain stablecoin pegs—burning LUNA when demand falls and minting it when demand rises.
3. Is LUNA a good investment?
Cryptocurrencies carry high risk. Research Terra’s use cases, team credibility, and market conditions before investing.
4. Where can I stake LUNA?
Major exchanges like OKX support LUNA staking with variable APYs.
5. What happened to Terra’s original blockchain?
The Terra chain rebranded after the 2022 UST collapse, migrating to a new PoS-based network.
6. Can LUNA reach its all-time high again?
Market recovery, protocol upgrades, and stablecoin adoption would be critical factors.
Key Takeaways
- LUNA powers Terra’s stablecoin ecosystem with algorithmic supply controls.
- Recent price trends show short-term declines but long-term growth potential.
- Staking and burning mechanisms aim to sustain token value.
Disclaimer: Crypto investments involve risks. This content is educational—always verify data and comply with local regulations.