Terra (LUNA) Hits Self Reported Market Capitalization of $259.55 Million

Terra (LUNA) traded 1.5% higher against the U.S. dollar during the one day period ending at 13:00 PM E.T. on August 17th. Terra has a market capitalization of $259.55 million and $13.49 million worth of Terra was traded on exchanges in the last 24 hours. One Terra coin can now be purchased for approximately $0.31 or 0.00000528 BTC on popular cryptocurrency exchanges. Over the last week, Terra has traded down 8.9% against the U.S. dollar.

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

• TRON (TRX) traded 2% higher against the dollar and now trades at $0.14 or 0.00000227 BTC.
• Tezos (XTZ) traded 1.3% higher against the dollar and now trades at $0.65 or 0.00001093 BTC.
• Terra Classic (LUNC) traded up 2.1% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded 2.8% higher against the dollar and now trades at $0.38 or 0.00000645 BTC.
• GXChain (GXC) traded 0.4% higher against the dollar and now trades at $0.37 or 0.00000621 BTC.
• Adshares (ADS) traded 1.3% higher against the dollar and now trades at $0.22 or 0.00000370 BTC.
• BitShares (BTS) traded 4.5% higher against the dollar and now trades at $0.0019 or 0.00000003 BTC.

Terra Profile

Terra (CRYPTO:LUNA) uses the hashing algorithm. It launched on May 27th, 2022. Terra’s total supply is 1,186,707,049 coins and its circulating supply is 824,816,868 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. 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.”

Terra Coin Trading

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 Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Gemini 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