Current LUNA Market Status
- Real-time price: $0.71 (as of November 17, 2023)
- Market cap: Collapsed from $40B to near-zero
- 24h trading volume: $19M equivalent (138M CNY)
Key Events in LUNA's Price History
First Crash:
- 87$ → 60$ → $0.7 (-99%)
- Timeframe: 3 days
Second Collapse:
- $0.7 → $0.05 (-99%)
- Occurred within 48 hours
Partial Recovery:
- Rebounded from $0.01 → $0.04 (+400%)
- Lasted approximately 72 hours
Final Drop:
- Fell below $0.00005
- Essentially reached zero-value status
Terra Ecosystem Fundamentals
👉 Discover how blockchain protocols work
- Terra Protocol: Decentralized smart contract platform
- LUNA's Role: Stabilization mechanism for algorithmic stablecoins
- Native Token: LUNA served as governance and utility token
Unique Economic Model
| Feature | Description |
|---|---|
| Supply Control | Automatic burning when exceeding target |
| Price Stability | Algorithmic adjustments via Terra protocol |
| Transaction Validation | Staking rewards for network participants |
Current Market Data (Sample)
- **Price**: $2.69
- **24h Change**: -1.24%
- **Market Cap**: $290.6M
- **Rank**: #178FAQ Section
Q: Can LUNA recover its value?
A: While possible, the extreme volatility suggests cautious evaluation is necessary.
Q: How does Terra's algorithm work?
A: It dynamically adjusts supply through minting/burning to maintain peg stability.
Q: Is staking LUNA still viable?
A: Post-collapse staking mechanisms remain operational but carry higher risk.