What happened to Luna crypto?

There are two stories regarding Luna crypto: the TerraUSD/UST stablecoin and the actual Luna coin. Once Luna and UST crashed, there was a total liquidity crunch in the cryptocurrency space that caused an even more catastrophic loss of value. The crypto community still hasn’t recovered.

How much is a terra Luna coin worth?

Now, each Terra Luna coin is worth less than $0.0002, or two-hundredths of a cent. Terra Luna's fall began when its sister cryptocurrency, TerraUSD, suddenly lost value, experts say. TerraUSD is a so-called "stablecoin" a cryptocurrency token supposed to avoid major fluctuations in value.

What is Luna coin?

Luna coin, or LUNA, was created by Terraform Labs, a cryptocurrency developer founded in 2018 by South Korean entrepreneurs Do Kwon and Daniel Shin. LUNA operates on a blockchain platform called Terra, also created by Terraform. What makes Terraform special? This year, the concept of decentralized finance—or DeFi—exploded on the scene.

Is Luna a stablecoin?

There are some key differences between the new luna token and the old one: There will be a finite supply of luna tokens, maximized at 1 billion coins in circulation. Luna does not have a stablecoin pair at the time of the launch. Are luna and luna classic risky? Investing in either luna classic (LUNC) or luna (LUNA) is highly risky at this point.