Terra Achieves Self Reported Market Capitalization of $355.40 Million (LUNA)

Terra (LUNA) traded down 1.8% against the dollar during the twenty-four hour period ending at 13:00 PM Eastern on July 21st. Over the last week, Terra has traded 15.9% higher against the dollar. One Terra coin can now be purchased for about $0.44 or 0.00000659 BTC on popular cryptocurrency exchanges. Terra has a market capitalization of $355.40 million and approximately $17.68 million worth of Terra was traded on exchanges in the last day.

Here’s how similar cryptocurrencies have performed over the last day:

• TRON (TRX) traded 0.1% higher against the dollar and now trades at $0.13 or 0.00000200 BTC.
• Tezos (XTZ) traded 1.6% lower against the dollar and now trades at $0.79 or 0.00001177 BTC.
• Terra Classic (LUNC) traded 0.6% lower against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded 1.2% lower against the dollar and now trades at $0.41 or 0.00000603 BTC.
• GXChain (GXC) traded 2.4% higher against the dollar and now trades at $0.35 or 0.00000525 BTC.
• Adshares (ADS) traded 2.4% lower against the dollar and now trades at $0.39 or 0.00000580 BTC.
• BitShares (BTS) traded up 1.8% against the dollar and now trades at $0.0022 or 0.00000003 BTC.

Terra Profile

Terra 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 800,321,214 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. The official message board for Terra is medium.com/terra-money. The official website for Terra 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 purchase alternative cryptocurrencies such as Terra directly using US dollars. Investors seeking to trade Terra should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, GDAX or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Terra using one of the aforementioned exchanges.

LUNA/USD price chart by TradingView