Terra Achieves Self Reported Market Capitalization of $256.15 Million (LUNA)

Terra (LUNA) traded down 0% against the dollar during the 1-day period ending at 0:00 AM ET on October 12th. Terra has a total market cap of $256.15 million and $20.15 million worth of Terra was traded on exchanges in the last 24 hours. One Terra coin can currently be purchased for about $0.36 or 0.00000575 BTC on popular exchanges. During the last week, Terra has traded 4.2% lower against the dollar.

Here is how related cryptocurrencies have performed during the last 24 hours:

• TRON (TRX) traded 1.6% higher against the dollar and now trades at $0.16 or 0.00000259 BTC.
• Tezos (XTZ) traded up 0.1% against the dollar and now trades at $0.69 or 0.00001099 BTC.
• Terra Classic (LUNC) traded 0.7% higher against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded up 0.3% against the dollar and now trades at $0.38 or 0.00000603 BTC.
• GXChain (GXC) traded 0.3% lower against the dollar and now trades at $0.33 or 0.00000528 BTC.
• Adshares (ADS) traded down 1.2% against the dollar and now trades at $0.20 or 0.00000324 BTC.
• BitShares (BTS) traded 1.4% higher against the dollar and now trades at $0.0018 or 0.00000003 BTC.

Terra Coin Profile

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. Terra’s official Twitter account is @terra_money and its Facebook page is accessible here. The official website for Terra is 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.”

Terra Coin Trading

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 Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, Changelly or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Terra using one of the aforementioned exchanges.

LUNA/USD price chart by TradingView