Terra One Day Trading Volume Reaches $19.67 Million (LUNA)

Terra (LUNA) traded 4.2% lower against the U.S. dollar during the 24-hour period ending at 10:00 AM Eastern on August 4th. One Terra coin can currently be bought for $0.33 or 0.00000548 BTC on popular cryptocurrency exchanges. During the last seven days, Terra has traded down 18.4% against the U.S. dollar. Terra has a market capitalization of $271.14 million and $19.67 million worth of Terra was traded on exchanges in the last day.

Here’s how related cryptocurrencies have performed during the last day:

• TRON (TRX) traded 2.7% higher against the dollar and now trades at $0.13 or 0.00000211 BTC.
• Tezos (XTZ) traded down 1.2% against the dollar and now trades at $0.69 or 0.00001134 BTC.
• Terra Classic (LUNC) traded down 4.4% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded 14.7% lower against the dollar and now trades at $0.39 or 0.00000636 BTC.
• GXChain (GXC) traded up 2% against the dollar and now trades at $0.38 or 0.00000629 BTC.
• Adshares (ADS) traded down 9.4% against the dollar and now trades at $0.25 or 0.00000407 BTC.
• BitShares (BTS) traded 1.2% lower against the dollar and now trades at $0.0020 or 0.00000003 BTC.

Terra Coin Profile

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 812,727,192 coins. Terra’s official message board is medium.com/terra-money. The official website for Terra is 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 possible to buy alternative cryptocurrencies such as Terra directly using US dollars. Investors seeking to acquire Terra should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, Changelly or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Terra using one of the aforementioned exchanges.

LUNA/USD price chart by TradingView