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Highlights
- The LUNA token returned more than 3247% gains in the past 12 months.
- It recorded an all-time high of US103.33 in December 2021.
- The token’s current circulating supply is over 400.60 million.
The Terra (LUNA) crypto’s trading volume surged over 19%, while its price plummeted more than 20% for the last 24 hours to Friday morning.
What is Terra (LUNA)?
Terra, a blockchain protocol, uses fiat-pegged stablecoins to boost payment systems. According to its white paper, it seeks price stability and broader adoption of fiat currencies with the censorship-resistance Bitcoin (BTC) to provide reliable and cost-effective settlements.
The Terra project started in January 2018. Its mainnet was officially launched in April 2019.
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Terra’s native token, LUNA, is used to stabilize stablecoin prices in the protocol. In addition, token holders can vote on governance proposals, giving LUNA the status of a governance token.
Crypto enthusiasts Daniel Shin and Do Kwon founded Terra in January 2018.
The total supply of LUNA tokens is 1 billion. The excess tokens are burned to balance their supply if the number exceeds. It is available for trade on exchanges such as Huobi, Bitfinex, etc.
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Source: *Data provided by CoinMarketCap.com
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Terra (LUNA): Price and Performance
The LUNA token was priced at US$48.28 at 10:07 am ET on January 28, down 20.96%. Its trading volume for the last 24 hours was US$3.16 billion, an increase of 19.70%.
It has a market cap of US$19.33 billion, and its fully diluted market cap is US$40.38 billion. Its current circulating supply is 400.64 million.
The LUNA token saw the highest price of US$103.33 and the lowest price of US$1.37 in the last 52 weeks. It reached an all-time high of US$103.33 on December 27, 2021.
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Bottomline
The LUNA token returned 3247.79% gains over the past 12 months. However, investors should closely evaluate the market before investing in digital assets.
