Terra Reaches Self Reported Market Capitalization of $295.70 Million (LUNA)

Terra (LUNA) traded 5% lower against the U.S. dollar during the one day period ending at 23:00 PM Eastern on September 30th. One Terra coin can currently be bought for approximately $0.42 or 0.00000654 BTC on exchanges. Terra has a total market capitalization of $295.70 million and $51.68 million worth of Terra was traded on exchanges in the last 24 hours. During the last seven days, Terra has traded up 8.7% against the U.S. dollar.

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

• TRON (TRX) traded up 0.5% against the dollar and now trades at $0.16 or 0.00000245 BTC.
• Tezos (XTZ) traded down 2.6% against the dollar and now trades at $0.72 or 0.00001125 BTC.
• Terra Classic (LUNC) traded 3.2% lower against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded down 1.4% against the dollar and now trades at $0.40 or 0.00000632 BTC.
• GXChain (GXC) traded up 2.4% against the dollar and now trades at $0.35 or 0.00000542 BTC.
• Adshares (ADS) traded 0.7% lower against the dollar and now trades at $0.21 or 0.00000328 BTC.
• BitShares (BTS) traded up 1.1% against the dollar and now trades at $0.0021 or 0.00000003 BTC.

Terra Profile

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. 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. 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 possible to buy alternative cryptocurrencies such as Terra directly using US dollars. Investors seeking to acquire Terra should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, GDAX or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Terra using one of the exchanges listed above.

LUNA/USD price chart by TradingView