Terra (LUNA) Reaches One Day Trading Volume of $50.68 Million

Terra (LUNA) traded 6.8% higher against the US dollar during the one day period ending at 10:00 AM Eastern on April 21st. One Terra coin can now be bought for about $0.66 or 0.00001015 BTC on major exchanges. In the last seven days, Terra has traded up 10.4% against the US dollar. Terra has a market cap of $472.95 million and $50.68 million worth of Terra was traded on exchanges in the last day.

Here is how other cryptocurrencies have performed in the last day:

  • Belrium (BEL) traded flat against the dollar and now trades at $2.51 or 0.00009565 BTC.
  • TRON (TRX) traded 1.2% higher against the dollar and now trades at $0.11 or 0.00000171 BTC.
  • Tezos (XTZ) traded up 3.4% against the dollar and now trades at $1.05 or 0.00001610 BTC.
  • Terra Classic (LUNC) traded up 6.4% 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 $0.57 or 0.00000885 BTC.
  • GXChain (GXC) traded down 6.1% against the dollar and now trades at $0.41 or 0.00000622 BTC.
  • Adshares (ADS) traded 1.8% higher against the dollar and now trades at $0.43 or 0.00000663 BTC.
  • BitShares (BTS) traded 2.6% higher against the dollar and now trades at $0.0031 or 0.00000005 BTC.

About Terra

Terra uses the hashing algorithm. Its launch date was May 27th, 2022. Terra’s total supply is 1,004,262,701 coins and its circulating supply is 717,626,542 coins. 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. 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.”

Buying and Selling Terra

It is usually not currently possible to buy alternative cryptocurrencies such as Terra directly using US dollars. Investors seeking to trade Terra should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, Coinbase or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Terra using one of the exchanges listed above.

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