Terra Reaches 24 Hour Trading Volume of $81.27 Million (LUNA)

Terra (LUNA) traded 1.6% higher against the dollar during the 24 hour period ending at 9:00 AM Eastern on September 15th. One Terra coin can now be purchased for approximately $0.42 or 0.00000695 BTC on popular cryptocurrency exchanges. Terra has a market cap of $291.47 million and approximately $81.27 million worth of Terra was traded on exchanges in the last day. In the last week, Terra has traded 26.7% higher against the dollar.

Here is how related cryptocurrencies have performed in the last day:

• TRON (TRX) traded down 0.1% against the dollar and now trades at $0.15 or 0.00000245 BTC.
• Tezos (XTZ) traded down 0.2% against the dollar and now trades at $0.65 or 0.00001077 BTC.
• Terra Classic (LUNC) traded up 0.4% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded 0% lower against the dollar and now trades at $0.37 or 0.00000620 BTC.
• GXChain (GXC) traded down 1.7% against the dollar and now trades at $0.31 or 0.00000508 BTC.
• Adshares (ADS) traded 33.8% higher against the dollar and now trades at $0.27 or 0.00000451 BTC.
• BitShares (BTS) traded 0.1% higher against the dollar and now trades at $0.0017 or 0.00000003 BTC.

Terra Profile

LUNA uses the hashing algorithm. Its genesis date was May 27th, 2022. Terra’s total supply is 1,186,707,049 coins and its circulating supply is 697,061,249 coins. Terra’s official Twitter account is @terra_money and its Facebook page is accessible here. 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 message board is medium.com/terra-money.

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 currently 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 Gemini, Changelly or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Terra using one of the aforementioned exchanges.

LUNA/USD price chart by TradingView