Terra (LUNA) Self Reported Market Cap Hits $288.21 Million

Terra (LUNA) traded down 7.1% against the US dollar during the 1-day period ending at 10:00 AM ET on December 20th. One Terra coin can currently be bought for approximately $0.41 or 0.00000418 BTC on cryptocurrency exchanges. Terra has a total market cap of $288.21 million and approximately $129.02 million worth of Terra was traded on exchanges in the last 24 hours. In the last seven days, Terra has traded down 28.3% against the US dollar.

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

• TRON (TRX) traded down 6.3% against the dollar and now trades at $0.24 or 0.00000251 BTC.
• Tezos (XTZ) traded down 5.5% against the dollar and now trades at $1.20 or 0.00001232 BTC.
• Terra Classic (LUNC) traded 5.1% lower against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded 5.4% lower against the dollar and now trades at $0.43 or 0.00000446 BTC.
• Adshares (ADS) traded down 9.4% against the dollar and now trades at $0.81 or 0.00000837 BTC.
• GXChain (GXC) traded 6.7% lower against the dollar and now trades at $0.39 or 0.00000397 BTC.
• BitShares (BTS) traded down 7.4% against the dollar and now trades at $0.0016 or 0.00000002 BTC.

Terra Profile

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

Buying and Selling Terra

It is usually not currently possible to purchase alternative cryptocurrencies such as Terra directly using US dollars. Investors seeking to trade Terra should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, GDAX or Coinbase. 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