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The Evolution of Terra LUNA: From Terra Classic LUNC to Terra Blockchain
Terra (LUNA) is a public blockchain platform from Terra Classic. It’s known for its algorithmic stablecoin, TerraClassicUSD (UST).
Due to a bank run in May 2022, the value of the collateralized LUNC token, which was tied to UST, plummeted, causing LUNA to drop to near zero. In response, Terra Classic was split into a new blockchain called Terra.
In January 2018, Terra Classic started developing its blockchain, and in April 2019, it launched. Terra Classic combines traditional fiat currencies’ stability and widespread use with Bitcoin’s censorship resistance.
By introducing the UST stablecoin, it made transactions quick and cheap. Among the stablecoins Terra Classic offered were the U.S. dollar, the South Korean won, the Mongolian tugrik, and the International Monetary Fund’s Special Drawing Rights basket.
The Terra blockchain keeps Terra Classic’s work but doesn’t have the UST stablecoin. Terra’s community, called LUNatics, is actively involved in developing it.
The Terra Classic user experience (UX) and user interface (UI) were highly regarded, reaching the second-highest TVL position at their peak. Several decentralized applications (DApps) are moving to the Terra blockchain to maintain functionality.
Terra’s Price Analysis: Recent Fluctuations and Long-Term Trends
Terra is currently worth $0.6209 and is ranked #138 among all cryptocurrencies. Terra has a circulating supply of 303,100,327 tokens and a market cap of $188 million.
Terra’s price has decreased by 4.52% in the past 24 hours. Despite this, Terra has gained 1.45% in 7 days. This week, investors have seen good investment returns thanks to this positive trend.
LUNA, the LUNA token, has lost 28.66% of its value in the last 30 days. The value went down from $0.870446 to $0.24947. Terra’s current decline indicates that it’s in a dip. A 51.63% drop in Terra’s price over the last 3 months has eliminated $0.662297 from its previous value of $1.279.
The token hasn’t shown any signs of recovery in the past few months, worrying LUNA investors. Investors are looking for ways to profit from the current dip, while others are waiting for a rebound.
Some investors still think the token will recover and reach new highs despite the downturn. Pessimists think the dip could be a sign of a long-term decline. Only time will tell if LUNA will bounce back.
LUNA Statistics Data:
- LUNA price now – $0.6209
- LUNA market cap – $188 Million
- LUNA circulating supply – $303,160,436.74 LUNA
- LUNA total supply – $1,004,262,701 LUNA
- LUNA Coinmarketcap ranking – 138
Ecoterra: Building a Sustainable Web3 Ecosystem for Recycling and Carbon Offset
Ecoterra aims to create an online ecosystem called Web3 for recycling, trading recycled materials, and offsetting carbon footprints. The circular economy and recycling are their goals.
Additionally, they’ll create a marketplace where recycled goods can be bought and sold, supporting the recycling industry’s growth. Furthermore, Ecoterra aims to raise awareness and provide tools to inspire individuals and businesses to reduce their carbon footprints.
Ecoterra envisions a future where recycling, trading, and carbon offsetting are integral parts of Web3.
Over $5.587 million was raised during the presale of $ECOTERRA tokens. The project has strong backing. More people will check out the R2E demo, so the momentum of the presale should increase.
A Web3 project called Ecoterra will help combat climate change as more people adopt cryptocurrencies.
The presale for Ecoterra’s platform is going well and has been an enormous success.
Ecoterra: Building a Sustainable Web3 Ecosystem for Recycling, Trading, and Carbon Offset
Ecoterra wants to build an online ecosystem called Web3 where people can recycle, trade recycled materials, and offset their carbon footprints. Circular economies and recycling are important to them.
Also, they’ll create a marketplace for recycled goods, helping the recycling industry grow. Additionally, Ecoterra aims to reduce carbon footprints and raise awareness.
Ecoterra envisions a future where recycling, trading, and carbon offsetting are integral parts of Web3.
During the presale of $ECOTERRA tokens, over $5.587 million was raised. This shows how strong the project is. Pre-sale momentum should increase as more people try out R2E.
A Web3 project called Ecoterra will help combat climate change as more people adopt cryptocurrencies.
Ecoterra’s presale for its platform is going great and has been a big hit.
Unlocking Value with $ECOTERRA: Exclusive Benefits and Positive Projections
The $ECOTERRA platform is valuable, giving you VIP access to real-life events.
As part of Ecoterra’s plan, $ECOTERRA token holders can passively earn money by staking their tokens.
There are two billion tokens in total; half of them are for presale investors. Furthermore, 20% of the tokens are reserved for ecosystem liquidity, 10% for listings, 5% for corporate adoption, and 5% for the team.
Climate experts think $ECOTERRA is a green Web3 project. By 2023, analysts predict a significant increase in value—maybe 100x.
Crypto Bury predicts $ECOTERRA’s value will jump 10 times when it launches on cryptocurrency exchanges later this year. As $ECOTERRA gets adopted and used more, its value is expected to rise.
Read more:
- Ripple Price Prediction: XRP/USD Continues to Consolidate Above $0.54, Expecting a Bullish Rally
- Bitcoin Price Prediction: Bitcoin (BTC) Consolidates Above $9,300, Larger Move Likely Soon
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