Terra Self Reported Market Cap Achieves $267.33 Million (LUNA)

Terra (LUNA) traded up 1.1% against the dollar during the 24-hour period ending at 23:00 PM ET on October 5th. In the last seven days, Terra has traded 9.5% lower against the dollar. Terra has a market cap of $267.33 million and $40.48 million worth of Terra was traded on exchanges in the last 24 hours. One Terra coin can now be purchased for $0.38 or 0.00000608 BTC on major exchanges.

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

• TRON (TRX) traded 1.3% lower against the dollar and now trades at $0.15 or 0.00000248 BTC.
• Tezos (XTZ) traded up 2.2% against the dollar and now trades at $0.67 or 0.00001078 BTC.
• Terra Classic (LUNC) traded 2% higher against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded up 1% against the dollar and now trades at $0.37 or 0.00000601 BTC.
• GXChain (GXC) traded 6.7% higher against the dollar and now trades at $0.34 or 0.00000549 BTC.
• Adshares (ADS) traded 1.9% lower against the dollar and now trades at $0.20 or 0.00000324 BTC.
• BitShares (BTS) traded 1.5% lower against the dollar and now trades at $0.0019 or 0.00000003 BTC.

About Terra

Terra (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. The official website for Terra is 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. The official message board for Terra is medium.com/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 possible to purchase alternative cryptocurrencies such as Terra directly using US dollars. Investors seeking to trade Terra should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, GDAX or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Terra using one of the exchanges listed above.

LUNA/USD price chart by TradingView