Terra (LUNA) One Day Trading Volume Tops $27.75 Million

Terra (LUNA) traded up 1.8% against the US dollar during the 24 hour period ending at 0:00 AM ET on October 18th. One Terra coin can currently be purchased for approximately $0.37 or 0.00000542 BTC on exchanges. In the last week, Terra has traded up 2.4% against the US dollar. Terra has a total market capitalization of $263.16 million and approximately $27.75 million worth of Terra was traded on exchanges in the last day.

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

• TRON (TRX) traded down 0.3% against the dollar and now trades at $0.16 or 0.00000232 BTC.
• Tezos (XTZ) traded 1.9% higher against the dollar and now trades at $0.70 or 0.00001020 BTC.
• Terra Classic (LUNC) traded up 1.1% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded 2% higher against the dollar and now trades at $0.39 or 0.00000569 BTC.
• GXChain (GXC) traded down 2.5% against the dollar and now trades at $0.36 or 0.00000522 BTC.
• Adshares (ADS) traded 7.8% lower against the dollar and now trades at $0.21 or 0.00000301 BTC.
• BitShares (BTS) traded 0.3% higher against the dollar and now trades at $0.0017 or 0.00000003 BTC.

Terra Profile

Terra 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 709,984,438 coins. The Reddit community for Terra is https://reddit.com/r/terraluna and the currency’s Github account can be viewed here. Terra’s official website is terra.money. Terra’s official Twitter account is @terra_money and its Facebook page is accessible here. Terra’s official message board is medium.com/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 currently 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 Changelly, Gemini or Coinbase. 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