Terra Self Reported Market Cap Hits $328.72 Million (LUNA)

Terra (LUNA) traded up 0.3% against the US dollar during the 24-hour period ending at 10:00 AM E.T. on January 5th. In the last week, Terra has traded up 5.7% against the US dollar. One Terra coin can currently be purchased for $0.46 or 0.00000472 BTC on cryptocurrency exchanges. Terra has a market cap of $328.72 million and approximately $25.03 million worth of Terra was traded on exchanges in the last day.

Here’s how related cryptocurrencies have performed in the last day:

• TRON (TRX) traded down 2.4% against the dollar and now trades at $0.26 or 0.00000268 BTC.
• Tezos (XTZ) traded 2.6% higher against the dollar and now trades at $1.44 or 0.00001472 BTC.
• Terra Classic (LUNC) traded down 0.9% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded 2.7% higher against the dollar and now trades at $0.50 or 0.00000505 BTC.
• GXChain (GXC) traded 1.2% higher against the dollar and now trades at $0.41 or 0.00000420 BTC.
• Adshares (ADS) traded up 0.1% against the dollar and now trades at $0.73 or 0.00000744 BTC.
• BitShares (BTS) traded up 8.3% against the dollar and now trades at $0.0018 or 0.00000002 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. The official message board for Terra is medium.com/terra-money. Terra’s official website is terra.money. 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.

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 presently 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 Coinbase, GDAX or Changelly. 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