Terra (LUNA) 24-Hour Volume Tops $39.09 Million

Terra (LUNA) traded 4.4% lower against the US dollar during the 24 hour period ending at 21:00 PM ET on August 27th. One Terra coin can now be purchased for $0.36 or 0.00000613 BTC on cryptocurrency exchanges. In the last seven days, Terra has traded up 10.9% against the US dollar. Terra has a total market cap of $301.66 million and approximately $39.09 million worth of Terra was traded on exchanges in the last 24 hours.

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

• TRON (TRX) traded down 3.1% against the dollar and now trades at $0.16 or 0.00000267 BTC.
• Tezos (XTZ) traded 6.4% lower against the dollar and now trades at $0.67 or 0.00001133 BTC.
• Terra Classic (LUNC) traded down 5% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded 2.9% lower against the dollar and now trades at $0.39 or 0.00000655 BTC.
• GXChain (GXC) traded down 5.4% against the dollar and now trades at $0.37 or 0.00000626 BTC.
• Adshares (ADS) traded 2.2% lower against the dollar and now trades at $0.22 or 0.00000378 BTC.
• BitShares (BTS) traded 0.9% lower against the dollar and now trades at $0.0018 or 0.00000003 BTC.

Terra Coin Profile

Terra (CRYPTO:LUNA) uses the hashing algorithm. It was first traded on May 27th, 2022. Terra’s total supply is 1,186,707,049 coins and its circulating supply is 833,549,769 coins. Terra’s official website is terra.money. Terra’s official message board is medium.com/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, Gemini 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