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Terra (LUNA)

Terra (LUNA)

The price of Terra is $0.63, a +9.47% change over the last 7 days. Learn more about Terra’s price history, how it works, and how to invest.

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Updated: May 17, 2023
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Overview
Markets
Historical Data
Price Statistics
Terra price today
24h Change $0
24h Low $1
24h High $1
Market Cap $470.89M
Trading Volume (24h) $82.29M
Market Dominance 0%
Market Rank #151
Circulating Supply 746.15M
Max Supply -

Terra markets

Spot Derivatives OTC
# Source Pairs Price +2% Depth -2% Depth Volume Updated
1
LATOKEN LATOKEN
LUNA/USDT $1.01 $17.47 $0.006097730000 0 Recently
2
4E 4E
LUNA/USDT $0.60987 $152,371.68 $91,297.04 11,885,017 Recently
3
Poloniex Poloniex
LUNA/USDD $0.50209 - - 0 Recently
4
Bibox Bibox
LUNA/USDC $2.50 - - 0 Recently
5
UEEx UEEx
LUNA/USDT $0.60987 $131,884.54 $88,282.90 12,004,549 Recently
6
Kujira Fin Kujira Fin
LUNA/axlUSDC $0.99964 $0.000525630000 $199.33 0 Recently
7
Bitlo Bitlo
LUNA/TRY $0.61065 $8,719.75 $3,418.39 41,857 Recently
8
BigONE BigONE
LUNA/USDT $0.60524 $282.98 $911.10 66,602 Recently
9
Topcredit Int Topcredit Int
LUNA/USDT $0.60987 $201,644.54 $181,561.34 600,356 Recently
10
UZX UZX
LUNA/USDT $0.60997 $22,535.47 $3,917,207.02 555,616 Recently
1
WEEX WEEX
LUNA/USDT $0.60999 - - 662,768 Recently
2
BYDFi BYDFi
LUNA/USDT $0.61009 - - 43,487 Recently
3
Bibox Bibox
LUNA/USDT $0.61009 - - 13,080,619 Recently
4
Websea Websea
LUNA/USDT $0.61009 - - 1,836,583 Recently
5
LBank LBank
LUNA/USDT $0.60969 - - 5,246,480 Recently
6
Hibt Hibt
LUNA/USDT $0.60989 - - 1,763,819 Recently
7
KCEX KCEX
LUNA/USDT $0.61019 - - 4,332,422 Recently
8
BTCC BTCC
LUNA/USDT $0.79899 - - 15,774,801 Recently
9
CoinEx CoinEx
LUNA/USDT $0.60999 - - 274,818 Recently
10
Bitrue Bitrue
LUNA/USDT $0.60989 - - 717,073 Recently
No data found
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About Terra

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Resources

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What is the Terra price today?

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The LUNA price is currently $0.63. The price of Terra is -4.63% over the last 30 days. You can use the live Terra chart to track the LUNA/USD price in real time above, or compare the Terra value today to its past performance using the Terra price history tab at the top of this page.

What is the total supply of LUNA?

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The circulating supply is 746,145,263.96 LUNA, out of a total maximum supply of 0.00 LUNA.

What is the price prediction for Terra?

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The average Terra price prediction values the coin at $10 by the end of 2023. Things like the economic climate, the crypto market as a whole, and the platform’s ability to make it’s new network function can all have an impact on the price.

It’s best to take predictions with a grain of salt but you can use expert estimates to help you understand the weight of opinion about a coin.

What is Terra?

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Terra is a cryptocurrency that underwent drastic changes in 2022 after the network plummeted in value. The platform was rebranded to be now known as Terra 2.0.

The original Terra was a blockchain platform with a network of decentralised stablecoins at its core, with LUNA as its primary currency acting as a decentralised reserve. Its flagship offering, TerraUSD, was an algorithmic stablecoin pegged to the US dollar.

However, in May 2022, TerraUSD’s peg to the US dollar broke and Luna’s value plummeted by 99% within two days. In response, the Terra network underwent a hard fork and rebranded as Terra 2.0, with old Luna tokens renamed Luna Classic (LUNC).

How does Terra work?

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Terra functions like many other cryptocurrency platforms by maintaining a decentralised blockchain that records all transactions. The buying or selling of Terra coins results in transactions being grouped into blocks. These blocks are then linked to the previous block to form a chain of transactions.

The Terra blockchain relies on a proof-of-stake consensus algorithm known as Tendermint, in which other users on the network stake their tokens to verify transactions.

How is the Terra network secured?

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The Terra network is secured by the blockchain technology it operates on. It adopts a proof-of-stake consensus algorithm, where other users on the network, referred to as validators are responsible for verifying and securing all transactions. These validators are rewarded with tokens for their efforts in maintaining the security of the Terra network.

What is Terra used for?

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Terra has various uses and enables developers to build decentralised applications (dApps) on its network. The Terra coin functions as a currency within the platform and can be used for staking and trading purposes. Due to its volatility, Terra is a popular choice for short-term traders seeking to take advantage of market fluctuations.

Why does LUNA have value?

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LUNC is a fungible token that holds value through its various functions. As a governance token, LUNC holders have a voice in network decision-making, giving them a say in future developments. LUNC holders can also participate in staking tokens, which support the network and provide passive income for simply holding coins.

Who created Terra?

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Terra was founded in January 2018 by Daniel Shin and Do Kwon. Do Kwon assumed the CEO role at Terraform Labs, the organisation behind Terra.

When Terra crashed in 2022, Do Kwon presented a revival plan that involved a hard fork, which received opposition from key industry figures and disgruntled UST investors. However, the community ultimately approved the project through a vote, and the hard fork of Terra Classic into Terra took place on May 27, 2022.

Where can I buy Terra?

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You can buy Terra on a crypto exchange. An exchange is a marketplace that allows you to sign up, deposit your money, and buy some crypto, just as you would with a stock platform.

Most cryptocurrency brokers allow you to keep the coins you buy in your account. However, you may want to sign up for a dedicated crypto wallet for some extra security.

Are there any other ways to invest in Terra?

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The simplest way to invest in Terra is to buy it outright. However, another option is to simply open a crypto account. Crypto accounts are like regular bank accounts and allow you to store a variety of currencies, send and receive payments, earn interest on savings, and spend freely with a credit card.

You can also invest in crypto more generally through a crypto ETF or a crypto fund. These are financial instruments that give you exposure to a group of leading cryptocurrencies, more suited to high net worth individuals.

Are there any Terra alternatives?

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Several crypto projects offer something similar to Terra, with some being more established than others. Here’s a brief selection of a few Terra alternatives for you to consider.

  • USD coin. USD coin is the second largest stablecoin and is pegged to the Dollar.
  • Tether. Tether is the best-known stablecoin and is pegged to the USD.
  • Binance USD. BUSD was launched by the team behind Binance and can be used on the platform to benefit from zero fees.

More crypto guides

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FAQs

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Is Terra safe?
Has Terra been hacked?
What caused Terra crash?
Prash Raval
Financial Writer
When not researching stocks or trading, Prash can be found either on the golf course, walking his dog or teaching his son how to kick a… read more.

Trading ideas & analysis

Should you buy LUNC after developers lower the burn tax rate?
October 20, 2022
What happened UST, and was it an attack?
May 11, 2022
Who is Do Kwon, and where did all go wrong for UST founder?
May 11, 2022
LUNA price forecast: can the token recover after its collapse?
May 11, 2022
How will the $12B deposited UST in ANC impact its value?
April 1, 2022
Is LUNA a token worth buying after Terra bought $135 million in Bitcoin for the UST Stablecoin Reserve?
March 29, 2022

Latest Terra news

Terraform Labs' defense requests $1M in civil penalty with new motion
April 30, 2024
Terra vs. SEC: Terraform Labs to block US-based users amid ongoing legal developments  
April 26, 2024
US Senate bill would ban algorithmic stablecoins like Ethena USDe
April 17, 2024
Ethena price backed by surging USDe inflows but there are risks
April 14, 2024
Terraform vs. SEC update: Judge classifies LUNA and MIR as securities
December 29, 2023
Terra Classic (LUNC) community votes on the proposal to burn all USTC tokens
December 28, 2023