Bitcoin
BTC$64 866.85

-5.24%

Ethereum
ETH$3 369.73

-7.04%

Tether
USDT$0.999724

0.04%

Solana
SOL$183.85

-8.64%

Binance Coin
BNB$527.62

-9.86%

XRP
XRP$0.596840

-4.24%

Terra (LUNA) Price, Market Cap and Information


Terra (LUNA) Buy Terra Now
Terra (LUNA) Terra is a blockchain protocol that uses fiat-pegged stablecoins to power price-stable global payments systems. According to its white paper, Terra combines the price...
CVIX 81
Current price $0.823211
Change 24h -9.88%
Change 7d -24.79%
Market Cap $566 904 706
Available supply 688 650 618 LUNA
Volume 24h $145 400 407
Updated Tuesday, March 19, 2024 7:00:03AM UTC
Nature Token
Mineable No
Discussion
WWW Website

Terra price change 24 hours

Terra Short Term Forecast

After Price Change
1 day $0.515978 -37.32%

Terra Price Predictions

Terra General Information

General LUNA facts, technical details and Terra Cryptocurrency information

Terra is a blockchain protocol that uses fiat-pegged stablecoins to power price-stable global payments systems. According to its white paper, Terra combines the price stability and wide adoption of fiat currencies with the censorship-resistance of Bitcoin (BTC) and offers fast and affordable settlements.

Development on Terra began in January 2018, and its mainnet officially launched in April 2019. As of September 2020, it offers stablecoins pegged to the U.S. dollar, South Korean won, Mongolian tugrik and the International Monetary Fund's Special Drawing Rights basket of currencies — and it intends to roll out additional options.

Terra's native token, LUNA, is used to stabilize the price of the protocol's stablecoins. LUNA holders are also able to submit and vote on governance proposals.

Who Are the Founders of Terra?

Terra was founded in January 2018 by Daniel Shin and Do Kwon. The two conceived of the project as a way to drive the rapid adoption of blockchain technology and cryptocurrency through a focus on price stability and usability. Kwon took on the position of CEO of Terraform Labs, the company behind Terra.

Prior to developing Terra, Shin co-founded and headed Ticket Monster, otherwise known as TMON — a major South Korean e-commerce platform. He later co-founded Fast Track Asia, a startup incubator working with entrepreneurs to build fully functional companies.

Kwon previously founded and served as CEO of Anyfi, a startup providing decentralized wireless mesh networking solutions. He has also worked as a software engineer for Microsoft and Apple.

What Makes Terra Unique?

Terra seeks to set itself apart through its use of fiat-pegged stablecoins, stating that it combines the borderless benefits of cryptocurrencies with the day-to-day price stability of fiat currencies. It keeps its one-to-one peg through an algorithm that automatically adjusts stablecoin supply based on its demand. It does so by incentivizing LUNA holders to swap LUNA and stablecoins at profitable exchange rates, as needed, to either expand or contract the stablecoin supply to match demand.

Terra has established a number of partnerships with payments platforms, particularly in the Asia-Pacific region. In July 2019, Terra announced a partnership with Chai, a South Korea-based mobile payments application, in which purchases made using the application on e-commerce platforms are processed via the Terra blockchain network. Each transaction is subject to (on average) a 2%–3% fee charged to the merchant.

In addition, Terra is supported by the Terra Alliance, a group of businesses and platforms advocating for the adoption of Terra. In February 2019, the company announced that e-commerce platforms from 10 different countries, representing a user base of 45 million and a gross merchandise value of $25 billion, were members of the alliance.

How Many Terra (LUNA) Coins Are There in Circulation?

Terra has a supply of 1 billion tokens. If this number is exceeded, LUNA is burned until it returns to the equilibrium supply level. New LUNA tokens are minted through the protocol's algorithm, as needed, in order to maintain the price of Terra stablecoins.

LUNA was first made available for purchase in a private token sale for initial investors, which included the investment arms of major exchanges such as Binance, OKEx and Huobi. The sale concluded in August 2018, and as a result, Terra raised $32 million. Of the 385,245,974 LUNA minted for the sale, 10% was reserved for Terraform Labs, 20% for employees and project contributors, 20% for the Terra Alliance, 20% for price stability reserves, 26% for project backers and 4% for genesis liquidity.

How Is the Terra Network Secured?

The Terra blockchain is secured using a proof-of-stake consensus algorithm based on Tendermint, in which LUNA token holders stake their tokens as collateral to validate transactions, receiving rewards in proportion to the amount of LUNA staked. Tokenholders may also delegate others to validate transactions on their behalf, sharing in any revenue generated. Terra also offers additional guidance to validator nodes on the best practices for helping to keep the network secure.

In May 2019, shortly after Terra's mainnet went live, blockchain verification and penetration testing firm CertiK completed a security audit of the network. It examined its economic model to test against market manipulation, its architecture and its coding language. CertiK found that the "modeling and mathematical reasoning" of the Terra network were "considered sound," although it would not comment on the blockchain's performance.

Where Can You Buy Terra (LUNA)?

Terra's native token, LUNA, is listed on several cryptocurrency exchanges - including Huobi, Bitfinex and Upbit - where it is available to be traded against fiat currencies, stablecoins and other cryptocurrencies.

Are you interested in buying LUNA or other cryptocurrencies such as Bitcoin? CoinMarketCap has a simple, step-by-step guide to teach you all about crypto and how to buy your first coins.

Terra Historical Data – 10 days

Date Open, $ Min, $ Max, $ Market cap, $
Mar 10 1.13 1.061325 1.16 723 499 105
Mar 11 1.085618 1.037265 1.15 770 898 326
Mar 12 1.13 1.061049 1.13 742 320 714
Mar 13 1.090960 1.051309 1.11 727 798 898
Mar 14 1.068770 0.998673 1.084357 716 933 923
Mar 15 1.045803 0.934583 1.053756 659 547 170
Mar 16 0.967326 0.863347 0.971980 598 167 874
Mar 17 0.871221 0.865960 0.914848 628 866 691
Mar 18 0.910397 0.882147 0.958129 614 672 483
Mar 19 0.904611 0.823211 0.904611 566 904 706

LUNA/USD Price Charts

LUNA to USD price chart – 7 days
LUNA to USD price chart – 30 days
LUNA to USD price chart – 60 days
LUNA to USD price chart – 6 months

* Crypto Rating accepts no liability for any errors in the Terra information, LUNA Prices and LUNA's Market Cap. For the most up-to-date prices please visit the Terra's official website.

Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 63.6% 75 $64 866.85 -5.24% -10.20% $1 275 169 178 358 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 64.4% 68 $3 369.73 -7.04% -16.39% $404 628 357 122 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 92.8% 1 $0.999724 0.04% -0.03% $103 589 570 831 USDT 7 days price change
4 Solana (SOL) SOL Solana predictions 60% 79 $183.85 -8.64% 19.77% $81 610 088 438 SOL 7 days price change
5 Binance Coin (BNB) BNB Binance Coin predictions 59.2% 90 $527.62 -9.86% -1.76% $78 900 056 118 BNB 7 days price change
6 XRP (XRP) XRP XRP predictions 68.8% 59 $0.596840 -4.24% -14.25% $32 706 933 113 XRP 7 days price change
7 USD Coin (USDC) USDC USD Coin predictions 95.6% 2 $1.000264 0.01% 0.03% $31 286 315 390 USDC 7 days price change
8 Cardano (ADA) ADA Cardano predictions 66% 76 $0.618793 -10.23% -17.99% $22 007 362 440 ADA 7 days price change
9 Avalanche (AVAX) AVAX Avalanche predictions 62.4% 73 $57.11 -6.04% 19.32% $21 547 977 861 AVAX 7 days price change
10 Dogecoin (DOGE) DOGE Dogecoin predictions 58.4% 89 $0.131039 -12.83% -24.28% $18 807 706 377 DOGE 7 days price change
11 SHIBA INU (SHIB) SHIB SHIBA INU predictions 58.4% 94 $0.000025 -12.35% -23.25% $14 806 933 731 SHIB 7 days price change
12 Polkadot (DOT) DOT Polkadot predictions 58.8% 87 $9.15 -9.76% -15.29% $13 029 495 779 DOT 7 days price change
13 Toncoin (TON) TON Toncoin predictions 66.8% 69 $3.73 -7.12% -0.79% $12 938 935 121 TON 7 days price change
14 TRON (TRX) TRX TRON predictions 84.4% 19 $0.121279 -4.16% -8.71% $10 651 924 081 TRX 7 days price change
15 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 84.8% 20 $0.121172 -3.88% -8.86% $10 642 649 778 WTRX 7 days price change

News, Promo

LUNA
Terra (LUNA) trading volume surge 200% as market adjusts to death spiral

Despite the risks involved, Terra’s ‘insane volatility’ still serves as an attractive market for many short-term investors - mainly because LUNA momentarily gained 600% in value on Saturday...

16 May 2022
LUNA
Key metrics signal Terra (LUNA) price is preparing for a recovery

LUNA price is far from its all-time high but three key metrics signal that the altcoin could be preparing to rally. Terra (LUNA) price lost 31% over the past four weeks, erasing all of the gains...

05 May 2022
LUNA
Why Terra (LUNA) price hit a new all-time high

The successful launch of the long-awaited Columbus-5 upgrade is just one of the factors in LUNA’s ascension to a new record high. Protocol upgrades are one of the biggest...

07 Oct 2021
LUNA
Reasons why Terra (LUNA) price rallied by 20%

The growing interest in stablecoins, new partnerships and the improving state of the wider market back LUNA’s newfound bullish momentum. Altcoins continue to move...

08 Jul 2021

Be the first to receive Cryptocurrency Price Predictions and Forecasts daily

Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.

© 2015-2024 Crypto-Rating.com

The usage of this website constitutes acceptance of the following legal information. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website, including information about the cryptocurrencies and bitcoin is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Crypto Rating shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about cryptocurrencies. The entire responsibility for the contents rests with the authors. Reprint of the materials is available only with the permission of the editorial staff.