Terra (LUNA) Self Reported Market Cap Achieves $254.08 Million

Terra (LUNA) traded down 1.8% against the US dollar during the twenty-four hour period ending at 15:00 PM E.T. on October 25th. One Terra coin can now be bought for approximately $0.36 or 0.00000531 BTC on exchanges. In the last seven days, Terra has traded down 3.2% against the US dollar. Terra has a market capitalization of $254.08 million and $26.15 million worth of Terra was traded on exchanges in the last 24 hours.

Here is how related cryptocurrencies have performed in the last 24 hours:

• TRON (TRX) traded 0.6% higher against the dollar and now trades at $0.17 or 0.00000246 BTC.
• Tezos (XTZ) traded down 1.4% against the dollar and now trades at $0.66 or 0.00000981 BTC.
• Terra Classic (LUNC) traded up 2.7% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded 2.8% lower against the dollar and now trades at $0.36 or 0.00000529 BTC.
• GXChain (GXC) traded down 2.4% against the dollar and now trades at $0.35 or 0.00000519 BTC.
• Adshares (ADS) traded down 1.2% against the dollar and now trades at $0.22 or 0.00000329 BTC.
• BitShares (BTS) traded 2.1% lower against the dollar and now trades at $0.0016 or 0.00000002 BTC.

Terra Profile

LUNA uses the hashing algorithm. Its genesis date was 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. The official website for Terra is terra.money. Terra’s official message board is medium.com/terra-money. Terra’s official Twitter account is @terra_money and its Facebook page is accessible 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 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 Gemini, Coinbase or Changelly. 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