Terra (LUNA) Self Reported Market Capitalization Reaches $252.50 Million

Terra (LUNA) traded 5.2% lower against the U.S. dollar during the one day period ending at 11:00 AM ET on September 18th. Terra has a total market capitalization of $252.50 million and approximately $31.37 million worth of Terra was traded on exchanges in the last 24 hours. One Terra coin can currently be purchased for approximately $0.36 or 0.00000607 BTC on exchanges. In the last week, Terra has traded down 5.8% against the U.S. dollar.

Here’s how similar cryptocurrencies have performed in the last 24 hours:

• TRON (TRX) traded 0.8% lower against the dollar and now trades at $0.15 or 0.00000251 BTC.
• Tezos (XTZ) traded down 2.9% against the dollar and now trades at $0.62 or 0.00001046 BTC.
• Terra Classic (LUNC) traded 2.8% lower 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 $0.35 or 0.00000589 BTC.
• GXChain (GXC) traded up 9.6% against the dollar and now trades at $0.31 or 0.00000528 BTC.
• Adshares (ADS) traded up 3.4% against the dollar and now trades at $0.21 or 0.00000345 BTC.
• BitShares (BTS) traded 1.3% higher against the dollar and now trades at $0.0018 or 0.00000003 BTC.

About Terra

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 699,692,023 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 Twitter account is @terra_money and its Facebook page is accessible 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.”

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 Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, Coinbase or GDAX. 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