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Terra (LUNA) is the 37th largest cryptocurrency in the world by market cap, valued at $2,448,989,844. The current price of Terra is $2.311, which is 8.294% higher than yesterday. Prices have ranged between $2.18 and $2.06 over the past 24 hours. All prices are listed in US dollars and accurate as of February 03, 2023 04:02 UTC.
Terra (LUNA) is the native asset of the new Terra (LUNA) blockchain. LUNA, or LUNA 2.0, came into existence on 28 May 2022, when a new, hard-forked version of the Terra (LUNA) chain was launched.
The new LUNA tokens were airdropped to both former and current holders of old LUNA, whose ticker symbol is now LUNC, as well as former and current holders of TerraUSD (UST). The primary purpose of the old LUNA token was to be burned, or permanently destroyed, as a means to mint UST, which was an algorithmic stablecoin pegged to the US dollar. UST depegged in mid-May 2022, though, and is now virtually worthless. Because the Terra community hasn’t revealed any plans to revive UST, the primary purpose of this new LUNA token has yet to be established. Therefore, buying or holding LUNA 2.0 remains purely speculative until some new direction for the asset is unveiled. Like the original Terra (LUNA), Terra (LUNA) 2.0 is a DPoS (Delegated Proof of Stake) blockchain, which means you can stake your new LUNA just like you could with the old version of the asset.
Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.
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