Terra is a decentralized financial payment network that rebuilds the traditional payment stack on the blockchain. Luna is the reserve currency of the Terra platform. It has three core functions: i) mine Terra transactions through staking, ii) ensure the price stability of Terra stablecoins and iii) provide incentives for the platform’s blockchain validators.
Terra Luna Classic Price Analysis
As of September 12 2024 Terra Luna Classic has a marketcap of $475M.
This is {{percentagefromath}} from its all time high of $119.18.
In terms of its tokenomics, there's a total supply of 6.8T with 84% currently outstanding.
Keep in mind Terra Luna Classic has a fully diluted value of $563M which many investors might interpret as overvalued.
Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.
Summarized in part by ChatGPT 4 and Claude
