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What is the currency of Luna? What is Terra? Luna is the underlying token for the Terra blockchain, a platform developed in South Korea to secure digital payments globally using cryptocurrencies. To achieve this, Terra aims to build Stable Coins against fiat currencies, but without a corresponding balance of fiat currencies.  Tera-Luna has established several stablecoins and is maintaining their stability through an algorithm that adjusts the price of the stablecoin. It is possible to convert between these currencies and the network currency Luna directly. Unlike other stablecoins, terra stablecoins do not have reserves, for example BUSD keeps reserves in US dollars. DAI is backed by other cryptocurrencies, while the most popular stablecoin TerraUSD (UST, corresponding to the US dollar), has no reserves and leaves the task of maintaining its stability to an algorithm based on the Luna coin.  The mission of the network currency Luna is to reduce the volatility of the stablecoins so

 Why did cryptocurrency prices drop? Why this collapse in the price of Bitcoin and Ethereum crypto news Bitcoin price Ethereum and Bitcoin Prices Are Tanking. Here’s Why One Expert Thinks Bitcoin Could Drop Even Lower Bitcoin and ethereum have dropped more than 10% over the last 24 hours, with bitcoin going below $30,000 for the first time since July 2021 and ethereum trading near $2,200. And one expert warns bitcoin could drop even further .  Bitcoin could “doubtlessly get a mini-jump at $35,000, however until we damage the fashion line at approximately $37,000, I’m calling for $29,000 withinside the coming weeks or week,” says crypto professional Wendy O in a current TikTok video.  Cryptocurrency Prices Today: Bitcoin, Ethereum Bitcoin’s Price Today Bitcoin price at the time of writing this article is over $31,000 and Ethereum over $23,000 It’s been a shaky begin to the week for Bitcoin and different cryptocurrencies, in large part pushed via way of means of ongoing macroeconomic unc