Terra (LUNA) Hits Self Reported Market Cap of $258.43 Million

Terra (LUNA) traded down 1.1% against the U.S. dollar during the 24 hour period ending at 21:00 PM E.T. on October 24th. One Terra coin can currently be bought for $0.36 or 0.00000536 BTC on popular cryptocurrency exchanges. Over the last seven days, Terra has traded up 0.5% against the U.S. dollar. Terra has a total market capitalization of $258.43 million and $19.63 million worth of Terra was traded on exchanges in the last day.

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

• TRON (TRX) traded 2.7% higher against the dollar and now trades at $0.17 or 0.00000243 BTC.
• Tezos (XTZ) traded down 0.5% against the dollar and now trades at $0.67 or 0.00000982 BTC.
• Terra Classic (LUNC) traded up 1% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded down 0.5% against the dollar and now trades at $0.37 or 0.00000539 BTC.
• GXChain (GXC) traded 1% lower against the dollar and now trades at $0.36 or 0.00000529 BTC.
• Adshares (ADS) traded up 1.3% against the dollar and now trades at $0.22 or 0.00000331 BTC.
• BitShares (BTS) traded down 0.6% against the dollar and now trades at $0.0016 or 0.00000002 BTC.

About Terra

Terra (CRYPTO: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 709,984,438 coins. Terra’s official website is terra.money. Terra’s official Twitter account is @terra_money and its Facebook page is accessible here. The official message board for Terra 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.

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 buy alternative cryptocurrencies such as Terra directly using US dollars. Investors seeking to trade Terra should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, Coinbase or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Terra using one of the aforementioned exchanges.

LUNA/USD price chart by TradingView