Terra (LUNA) Achieves Self Reported Market Cap of $272.97 Million

Terra (LUNA) traded 3.8% higher against the US dollar during the twenty-four hour period ending at 18:00 PM Eastern on October 20th. Terra has a market capitalization of $272.97 million and $30.06 million worth of Terra was traded on exchanges in the last 24 hours. One Terra coin can currently be bought for about $0.38 or 0.00000556 BTC on exchanges. During the last seven days, Terra has traded 7.5% higher against the US dollar.

Here’s how similar cryptocurrencies have performed during the last 24 hours:

• TRON (TRX) traded 0% lower against the dollar and now trades at $0.16 or 0.00000227 BTC.
• Tezos (XTZ) traded 2.7% higher against the dollar and now trades at $0.71 or 0.00001023 BTC.
• Terra Classic (LUNC) traded 2.3% higher against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded up 2.1% against the dollar and now trades at $0.39 or 0.00000569 BTC.
• GXChain (GXC) traded 1.9% lower against the dollar and now trades at $0.36 or 0.00000515 BTC.
• Adshares (ADS) traded 16.7% lower against the dollar and now trades at $0.19 or 0.00000279 BTC.
• BitShares (BTS) traded 3% lower against the dollar and now trades at $0.0016 or 0.00000002 BTC.

Terra Profile

Terra (CRYPTO:LUNA) uses the hashing algorithm. It launched on May 27th, 2022. Terra’s total supply is 1,186,707,049 coins and its circulating supply is 709,984,438 coins. Terra’s official message board is medium.com/terra-money. The Reddit community for Terra is https://reddit.com/r/terraluna and the currency’s Github account can be viewed here. The official website for Terra is terra.money. Terra’s official Twitter account is @terra_money and its Facebook page is accessible here.

According to CryptoCompare, “Terra is an open-source blockchain hosting a vibrant ecosystem of decentralized applications (dApps) and top-tier developer tools. It uses proof-of-stake consensus and ground-breaking technologies to provide an unparalleled DeFi experience. On May 25th, 2022, Terra Classic users passed governance proposal 1623, which outlined the genesis of a new Terra chain and the airdrop of Luna tokens to users. On May 27th, 2022, the phoenix-1 Terra mainnet launched. UST was an algorithmic stablecoin created by Terraform Labs which tied to Luna tokens but lost its peg and crashed, leading to the collapse of both Luna and UST.”

Buying and Selling Terra

It is usually not possible to purchase alternative cryptocurrencies such as Terra directly using U.S. dollars. Investors seeking to trade Terra should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, GDAX or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Terra using one of the exchanges listed above.

LUNA/USD price chart by TradingView