Terra (LUNA) Tops 24-Hour Trading Volume of $18.49 Million

Terra (LUNA) traded down 3.5% against the U.S. dollar during the 24-hour period ending at 12:00 PM ET on November 2nd. Over the last seven days, Terra has traded up 0.2% against the U.S. dollar. One Terra coin can currently be bought for $0.33 or 0.00000471 BTC on major exchanges. Terra has a total market cap of $232.36 million and $18.49 million worth of Terra was traded on exchanges in the last 24 hours.

Here’s how related cryptocurrencies have performed over the last 24 hours:

• TRON (TRX) traded 0.3% lower against the dollar and now trades at $0.17 or 0.00000239 BTC.
• Tezos (XTZ) traded down 1.3% against the dollar and now trades at $0.62 or 0.00000893 BTC.
• Terra Classic (LUNC) traded down 2.5% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded 2.1% lower against the dollar and now trades at $0.34 or 0.00000495 BTC.
• GXChain (GXC) traded 0.3% lower against the dollar and now trades at $0.35 or 0.00000508 BTC.
• Adshares (ADS) traded down 3.8% against the dollar and now trades at $0.21 or 0.00000304 BTC.
• BitShares (BTS) traded down 2.4% against the dollar and now trades at $0.0015 or 0.00000002 BTC.

About Terra

LUNA uses the hashing algorithm. It was first traded on 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 Twitter account is @terra_money and its Facebook page is accessible here. The official website for Terra is terra.money. The official message board for Terra is medium.com/terra-money. 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 purchase alternative cryptocurrencies such as Terra directly using U.S. dollars. Investors seeking to trade Terra should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, GDAX or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Terra using one of the aforementioned exchanges.

LUNA/USD price chart by TradingView