Terra (LUNA) Hits Self Reported Market Capitalization of $335.40 Million

Terra (LUNA) traded up 1.6% against the U.S. dollar during the 24 hour period ending at 19:00 PM Eastern on June 27th. One Terra coin can currently be purchased for about $0.43 or 0.00000699 BTC on exchanges. In the last seven days, Terra has traded 1.4% lower against the U.S. dollar. Terra has a market cap of $335.40 million and approximately $18.38 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 0.3% lower against the dollar and now trades at $0.12 or 0.00000198 BTC.
• Tezos (XTZ) traded up 0.2% against the dollar and now trades at $0.78 or 0.00001261 BTC.
• Terra Classic (LUNC) traded up 0% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded 0.8% higher against the dollar and now trades at $0.36 or 0.00000583 BTC.
• GXChain (GXC) traded 4.3% lower against the dollar and now trades at $0.35 or 0.00000561 BTC.
• Adshares (ADS) traded up 1% against the dollar and now trades at $0.41 or 0.00000662 BTC.
• BitShares (BTS) traded down 0.1% against the dollar and now trades at $0.0025 or 0.00000004 BTC.

Terra Coin Profile

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 779,012,884 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 buy alternative cryptocurrencies such as Terra directly using U.S. dollars. Investors seeking to trade Terra should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, Gemini or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Terra using one of the aforementioned exchanges.

LUNA/USD price chart by TradingView