Terra (LUNA) Hits Self Reported Market Cap of $271.67 Million

Terra (LUNA) traded up 1.9% against the US dollar during the 24-hour period ending at 8:00 AM Eastern on October 22nd. Over the last week, Terra has traded up 4.6% against the US dollar. Terra has a total market capitalization of $271.67 million and approximately $79.28 million worth of Terra was traded on exchanges in the last 24 hours. One Terra coin can currently be purchased for approximately $0.38 or 0.00000569 BTC on major cryptocurrency exchanges.

Here is how other cryptocurrencies have performed over the last 24 hours:

• TRON (TRX) traded up 1.3% against the dollar and now trades at $0.16 or 0.00000237 BTC.
• Tezos (XTZ) traded 1.2% lower against the dollar and now trades at $0.69 or 0.00001025 BTC.
• Terra Classic (LUNC) traded up 2.7% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded down 2% against the dollar and now trades at $0.37 or 0.00000556 BTC.
• GXChain (GXC) traded up 1.3% against the dollar and now trades at $0.36 or 0.00000532 BTC.
• Adshares (ADS) traded 1.8% lower against the dollar and now trades at $0.23 or 0.00000336 BTC.
• BitShares (BTS) traded 2.6% lower against the dollar and now trades at $0.0016 or 0.00000002 BTC.

About Terra

Terra (LUNA) uses the hashing algorithm. Its launch 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 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. Terra’s official message board is medium.com/terra-money. 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.”

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 GDAX, Coinbase or Gemini. 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