The live Terra price today is $0.15 with a 24-hour trading volume of $11.90 million. Our real-time price table ensures you receive the most current LUNA valuation. Over the past hour, the price of LUNA has decreased by -0.29%, while the daily decline stands at -2.76%. The current live market cap, calculated by multiplying the circulating supply by the latest price, is $160.25 million. LUNA has a circulating supply of 687.66 million coins and a maximum supply of 1.08 billion.
Understanding the Terra Protocol
Terra is a leading decentralized and open-source public blockchain protocol designed primarily for algorithmic stablecoins. By leveraging a blend of open market arbitrage incentives and decentralized Oracle voting, the Terra protocol mints stablecoins that reliably track the value of various fiat currencies.
Users can seamlessly spend, save, trade, or exchange Terra stablecoins directly on its native blockchain. The protocol’s native asset, LUNA, offers holders staking rewards and voting rights in governance matters. The broader Terra ecosystem is a rapidly growing network of decentralized applications, which helps sustain demand for Terra’s stablecoins and can positively influence the price of LUNA.
Key Terra (LUNA) Market Metrics
What Is the Market Capitalization of Terra?
The current market capitalization of Terra is $102.10 million. Market cap serves as a key indicator of how the market values a digital asset.
How Active Is Terra Trading?
Within the last 24 hours, 80.09 million LUNA were traded, equivalent to a trading volume of $11.90 million. This represents a -2.76% change in trading activity.
What Is the Current Terra Price?
At present, a single Terra (LUNA) token is priced at $0.15.
What Is the Circulating Supply of LUNA?
The circulating supply of Terra is 687.66 million LUNA. This refers to the number of coins currently available in the market.
How Popular Is Terra Among Cryptocurrencies?
Terra (LUNA) is currently ranked #434 among all known cryptocurrency assets. This ranking is determined by its relative market capitalization.
Factors Influencing Terra’s Price
The value of LUNA is influenced by several variables, including overall market sentiment, developments within the Terra ecosystem, updates to its protocol, and broader trends in the decentralized finance (DeFi) sector. Major partnerships or the launch of new dApps on Terra can also impact investor perception and demand.
Market volatility remains a constant in the cryptocurrency world, and assets like LUNA can experience significant price swings in short periods. Therefore, conducting thorough research and monitoring real-time data is essential for informed decision-making. 👉 Track real-time LUNA price movements
Frequently Asked Questions
What is Terra (LUNA) used for?
LUNA is the native staking and governance token of the Terra blockchain. It is used to secure the network through staking, participate in governance votes, and facilitate the minting and burning of Terra’s algorithmic stablecoins.
How does Terra maintain its stablecoin prices?
Terra uses an algorithmic market arbitrage mechanism. When the price of a stablecoin deviates from its peg, arbitrageurs can burn LUNA to mint the stablecoin or vice versa, creating economic incentives that restore the peg.
Where can I safely store my LUNA tokens?
LUNA can be stored in various compatible cryptocurrency wallets, including both software-based hot wallets and more secure hardware wallets. Always ensure you are using a reputable wallet and practice proper key management.
Is Terra a good investment?
Like all cryptocurrencies, investing in LUNA carries inherent risks due to market volatility. Its value is tied to the adoption and usage of the Terra blockchain and its stablecoins. Potential investors should perform extensive due diligence.
What is the difference between Terra and Terra Classic?
The original Terra chain (now called Terra Classic) and its LUNC token exist separately from the new Terra blockchain and its LUNA token. The new chain was launched following a major ecosystem event to stabilize and rebuild the project.
Can I stake my LUNA tokens?
Yes, LUNA holders can stake their tokens to help secure the network. In return, they receive staking rewards in the form of additional LUNA and a share of transaction fees generated on the blockchain. 👉 Explore staking opportunities