Terra Cryptocurrency Drops Over 14% in 24 Hours
In the past 24 hours, by Terra (CRYPTO: LUNA) price fell 14.7% to $72.42. This continues its negative trend over the past week where it suffered a 9.0% loss from $80.68 to its current price.
The chart below compares Terra’s price movement and volatility over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger bands, measuring the volatility of daily and weekly price movements. The wider the bands, or the larger the gray area at any given time, the greater the volatility.
Terra’s trading volume soared 40.0% over the past week, as did the coin’s circulating supply, which increased 2.13%. This brings the circulating supply to 356.12 million, which is about 35.61% of its maximum supply of 1.00 billion. According to our data, the current market capitalization ranking of LUNA is #9 at 25.98 billion.
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