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- Terra (LUNA) dropped 2.77% in 24 hours, with market cap falling by 2.65%, reflecting reduced investor confidence.
- Terra Classic (LUNC) saw a 23.68% increase in trading volume, despite a 0.95% price decline, indicating market volatility.
- Both LUNA and LUNC continue experiencing fluctuations, with brief recoveries, before settling at lower prices within the trading day.
In a recent market update, Terra (LUNA) experienced a 2.77% drop in price over the past 24 hours, alongside a 2.65% market cap decline. Meanwhile, Terra Classic (LUNC) saw a 23.68% surge in trading volume despite a 0.95% price decrease, highlighting ongoing market volatility.
LUNA Drops 2.77%, Price at $0.3864
According to CoinMarketCap, the current price movement of Terra (LUNA) reads at $0.3864, reflecting a 2.77% drop within 24 hours. The market cap stands at $271,048,662, experiencing a 2.65% decline, placing it at position 174 by market cap rank. The 24-hour trading volume reached $40,272,841, with a 2.51% decrease, indicating reduced trading activity. This trading volume equates to 14.88% of the volume-to-market cap ratio.
The circulating supply of LUNA is 701,484,569 out of a total supply of 1,186,707,049. The fully diluted market cap is valued at $458,520,728, reflecting the potential market value if all tokens were in circulation.
LUNA has experienced different movements over the past 24 hours. At its peak, the price reached $0.3969 before undergoing a steady decline. The market opened higher but showed a notable downtrend, with several small recoveries that were short-lived. Towards the end, the price continued its downward trajectory, settling around $0.386.
LUNC Sees 0.95% Dip as Volume Rises
At the time of writing the price movement of Terra Classic (LUNC), currently trading at $0.00008514, reflecting a 0.95% decline over the past 24 hours. The market cap stands at $485,424,134, representing a 1.10% drop. This positions Terra Classic in the 119 ranks by market cap.
Despite the decrease in price and market cap, the 24-hour trading volume increased by 23.68%, reaching $25,325,642. This rise in volume indicated heightened trading activity, resulting in a volume-to-market cap ratio of 5.22%.
The circulating supply of Terra Classic (LUNC) is reported to be 5,701,252,639,023 LUNC out of a total supply of 6,794,537,545,225 LUNC. Similar to the Terra (LUNA) token, the maximum supply is unlimited. The fully diluted market cap stands at $577,645,345.
Throughout the 24-hour period, LUNC’s price movement displayed fluctuations. The price started at approximately $0.00008594 before experiencing a downward trend. There were brief periods of recovery, but these gains were short-lived as the price continued to decline towards the $0.000085 range.