Terra Hits Self Reported Market Cap of $316.36 Million (LUNA)

Terra (LUNA) traded 3.5% higher against the US dollar during the 24 hour period ending at 14:00 PM ET on August 24th. Over the last seven days, Terra has traded 21.1% higher against the US dollar. One Terra coin can now be bought for about $0.38 or 0.00000594 BTC on popular exchanges. Terra has a market cap of $316.36 million and approximately $26.83 million worth of Terra was traded on exchanges in the last 24 hours.

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

• TRON (TRX) traded 1% higher against the dollar and now trades at $0.16 or 0.00000248 BTC.
• Tezos (XTZ) traded up 2.6% against the dollar and now trades at $0.75 or 0.00001172 BTC.
• Terra Classic (LUNC) traded up 2.8% 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 $0.42 or 0.00000659 BTC.
• GXChain (GXC) traded up 5.8% against the dollar and now trades at $0.39 or 0.00000614 BTC.
• Adshares (ADS) traded up 1% against the dollar and now trades at $0.23 or 0.00000358 BTC.
• BitShares (BTS) traded down 0.9% against the dollar and now trades at $0.0018 or 0.00000003 BTC.

Terra Coin Profile

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 831,081,411 coins. The official website for Terra 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.”

Terra Coin Trading

It is usually not presently possible to buy alternative cryptocurrencies such as Terra directly using U.S. dollars. Investors seeking to acquire Terra should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, Changelly or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Terra using one of the exchanges listed above.

LUNA/USD price chart by TradingView