Luna Coin Market Cap and Price Analysis

Luna Coin's market capitalization has seen significant fluctuations, reaching a high of $40 billion in May 2021.

The coin's price has been highly volatile, with a 24-hour trading volume of over $1 billion.

Luna Coin's market dominance is evident in its ranking among top cryptocurrencies.

As a relatively new player in the market, Luna Coin's adoption and usage continue to grow.

Luna Classic (LUNC) is the first native token of the Terra blockchain, released in August 2018, and it existed before the launch of the new chain, now branded Terra (LUNA).

It was designed to absorb price deviations of the algorithmic stablecoin UST, which was pegged to the US dollar through minting and burning UST tokens.

The main function of LUNC was to balance the supply and demand of the UST stablecoin, but in May 2022, UST lost its peg and collapsed.

The collapse of UST created trillions of LUNA tokens, led to a hyperinflationary spiral, and reduced the value of the original LUNA token by 99%.

Terra Classic is the rebranded existing chain and token, resulting from the Terra Ecosystem Revival Plan 2, which forked the blockchain and created a new chain in the ecosystem.

The plan airdropped new LUNA tokens to existing holders of LUNA and UST before the depeg and subsequent crash occurred.

LUNC is preserved as a result of this plan, and it has the right to exist alongside the new LUNA token.

The Luna coin market cap is a crucial metric for investors and enthusiasts alike. The current circulating supply of Luna coins is 836.09Mil.

This substantial amount of coins has a significant impact on the market cap. The total supply of Luna coins is 1.19Bil, which is a notable figure in the cryptocurrency landscape.

The actual market cap of Luna can fluctuate greatly, but it's essential to keep in mind that a market cap is calculated by multiplying the circulating supply by the current price.

LUNC is the native token that was previously known as LUNA. It was renamed as part of the rebranding of the original Terra Chain to Terra Classic.

The LUNC token was originally launched in April 2019, as part of the Terra mainnet launch. This was a significant milestone for the Terra blockchain protocol.

The token was renamed from LUNA to LUNC on May 28, 2022, when the genesis block of the new Terra chain was launched. This marked a new era for the Terra blockchain.

The collapse of UST in the spring of 2022 was a pivotal moment for the Terra blockchain, similar to the Ethereum DAO hack in 2017.

Luna's price today is $0.3808, which is a decrease of -8.33% in the last 24 hours. This is according to the current market data.

The 24-hour trading volume for Luna is a significant $16,170,469, indicating a lot of activity in the market. This is a substantial number that shows the interest in Luna.

To get a better understanding of Luna's blockchain, you can use one of the popular block explorers listed, such as Luna (LUNA) block explorers. These tools provide real-time and historical information about Luna's blockchain.

The circulating supply of Luna coins is 836.09 million, while the total supply is 1.19 billion. This gives you an idea of the total number of Luna coins in existence.

The current market capitalization of Luna is not explicitly mentioned in the provided article sections, but we can infer that it's a significant number based on the trading volume and circulating supply.

Here's a summary of the key statistics for Luna:

Keep in mind that these numbers are subject to change and may not reflect the current market situation. It's always a good idea to check the latest data before making any investment decisions.

Luna Coin's unique features make it stand out in the crypto market. Its decentralized nature allows for peer-to-peer transactions without intermediaries.

One of the key benefits of Luna Coin is its ability to stabilize the price of other cryptocurrencies, reducing volatility. This is achieved through a complex algorithm that adjusts the supply of Luna Coins to balance the market.

Luna Coin's unique consensus algorithm, known as the "Terra Protocol", enables fast and secure transactions. This allows for a high level of scalability, making it suitable for widespread adoption.

Terra Classic's algorithm automatically adjusts stablecoin supply based on demand to maintain a one-to-one peg.

This unique approach combines the benefits of cryptocurrencies with the price stability of fiat currencies, making it an attractive option for users.

Terra has established partnerships with payments platforms, particularly in the Asia-Pacific region, to process transactions on its blockchain network.

These partnerships have led to significant growth, with e-commerce platforms from 10 different countries, representing a user base of 45 million and a gross merchandise value of $25 billion, joining the Terra Alliance in February 2019.

The Terra Alliance is a group of businesses and platforms advocating for the adoption of Terra, which has helped to drive adoption and increase the network's usage.

Terra 2.0 is a community-owned chain, having removed the wallet of Terra Foundation Labs for the airdrop event.

Hundreds of developers work on decentralized applications within the Terra ecosystem.

The LUNA token will be airdropped across Luna Classic stakers, holders, residual UST holders, and essential Terra Classic app developers.

Two snapshots taken, one before the Terra Classic crash (May 7) and one after it (May 27), will determine eligibility for the airdrop.

Tokens locked or vesting must be unbonded to become liquid and be eligible for the airdrop.

Terra committed to burning the remaining 1B UST from the community pool to reduce the outstanding debt from the Terra ecosystem.

The LUNA airdrop will happen on May 28, 2022, at 06:00 GMT.

The Terra (LUNA) coin has a total supply of 1 billion tokens.

The distribution of these tokens is quite complex, with several different allocations. The developer mining program, for example, will receive 8% of the total supply.

Here's a breakdown of the main allocations:

Wallets with less than 10,000 LUNA will have 30% unlocked at genesis and the remaining 70% vested over 2 years with a 6-month cliff. Wallets with 10,000 to 1 million LUNA will have a 1-year cliff and 2-year vesting thereafter. Wallets with over 1 million LUNA will have a 1-year cliff and 4-year vesting thereafter.

The Terra Network's security is based on a proof-of-stake consensus algorithm using Tendermint, where LUNA token holders stake their tokens to validate transactions and receive rewards.

Token holders can delegate others to validate transactions on their behalf, sharing in any revenue generated. This allows for a more decentralized and community-driven approach to network security.

The Terra Network has undergone a security audit by CertiK, a blockchain verification and penetration testing firm, which examined its economic model, architecture, and coding language in May 2019.

The Terra network uses a proof-of-stake consensus algorithm based on Tendermint to secure transactions. This algorithm allows LUNA token holders to stake their tokens as collateral to validate transactions and receive rewards.

Token holders can also delegate others to validate transactions on their behalf, sharing in any revenue generated. This process helps to distribute the responsibility of network security.

The Terra network offers additional guidance to validator nodes on best practices for keeping the network secure. This guidance is designed to help prevent security breaches and maintain the integrity of the network.

In May 2019, CertiK completed a security audit of the Terra network, examining its economic model, architecture, and coding language. The audit found that the "modeling and mathematical reasoning" of the Terra network were "considered sound".

When it comes to keeping your LUNA safe, you'll want to consider using a reliable hardware wallet. Ledger and Trezor are two of the safest and most popular options available.

Ledger and Trezor are one of the safest and most popular hardware wallet options for keeping Terra. For exclusive discounts and promotions on best crypto wallets, visit Crypto Deal Directory.

Buying and selling Luna coin can be done through various cryptocurrency exchanges. You can buy Terra Classic (LUNC) on major platforms like Binance, KuCoin, Kraken, Huobi Global, PancakeSwap (V2), MEXC, and Gate.io.

To buy Terra 2.0 (LUNA), you can sign up for centralized exchanges like Huobi, Bitrue, Bitfinex, KuCoin, Gate.io, Bybit, and LBank.

Binance, Kraken, and KuCoin are the most active and dominating exchanges for buying and selling Terra. The most popular Terra trading pairs are LUNA/USDT on Binance, Huobi Global, and Gate.io.

Some of the most popular Luna cryptocurrency exchanges are Binance, OKX (OKEx), Huobi Global, gate.io, and KuCoin.

Luna Coin is a cryptocurrency created by the Terra ecosystem, which is a blockchain-based platform for stablecoins and decentralized lending.

It's designed to be a decentralized, community-driven stablecoin, pegged to the value of the US dollar.

Luna Coin is issued by the Terra protocol and is not controlled by any central authority.

The total supply of Luna Coin is capped at 1 billion, which is a key feature of the Terra ecosystem.

Luna Coin is used as a reserve asset for the Terra stablecoin, TerraUSD (UST), which is pegged to the value of the US dollar.

TerraUSD (UST) is the primary use case for Luna Coin, and its value is directly tied to the value of UST.

To analyze the Luna Coin market cap, we can use various tools and resources. One such tool is the CoinMarketCap website, which provides real-time data on the market capitalization of Luna Coin.

The market capitalization of Luna Coin has fluctuated significantly, reaching a high of $40 billion in April 2021. This is a staggering amount, and it's essential to understand the factors that contributed to this growth.

To gain a deeper understanding of the market trends, we can also use technical indicators such as moving averages and relative strength index (RSI). These indicators can help identify potential buy and sell signals, but it's crucial to use them in conjunction with other forms of analysis.

Live Price Analysis is a crucial tool for anyone interested in the Terra cryptocurrency. The current real-time price of LUNA is $0.3799, with a trading volume of $17,957,011 in the last 24 hours.

You can find the most up-to-date prices on popular exchanges like Binance, Kucoin, and Kraken. These exchanges offer a convenient way to buy or sell LUNA, but it's essential to choose a secure and reputable platform.

The current market capitalization of Terra is $269,757,434, with a circulating supply of 709,984,439 coins. This information can be found on CoinMarketCap, a reliable source for cryptocurrency data.

Here's a quick snapshot of the current Terra price and market data:

Terra's price has been fluctuating in recent days, with a 8.61% decrease in the last day and a 23.39% decrease in the last 7 days. It's essential to stay informed about the market trends to make informed investment decisions.

Remember, always use a secure hardware wallet like Ledger or Trezor to store your cryptocurrency safely.

The Terra (LUNA) project has a significant following on X with 983,475 followers.

The project's official Reddit account has 77,507 subscribers, indicating a dedicated community.

A small percentage of the Terra (LUNA) project's followers on X are new, with a growth rate of 0.11% over time.

The official Telegram account has 62,513 members, suggesting a strong presence in the community.

The project website's Domain Rating (DR) is a sign of its reputability, ranking from 0 to 100, with a higher rank indicating better reputability.

The project website receives a significant amount of organic traffic, with monthly users visiting the site via search engines.

The Terra (LUNA) project's GitHub Public account has a high number of stars, indicating its popularity and development activity.