Terra (LUNA) Self Reported Market Capitalization Reaches $233.79 Million

Terra (LUNA) traded down 9.5% against the US dollar during the twenty-four hour period ending at 22:00 PM E.T. on October 25th. Terra has a total market cap of $233.79 million and approximately $41.65 million worth of Terra was traded on exchanges in the last day. Over the last week, Terra has traded down 11.3% against the US dollar. One Terra coin can now be bought for $0.33 or 0.00000494 BTC on exchanges.

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

• TRON (TRX) traded 1.2% lower against the dollar and now trades at $0.16 or 0.00000245 BTC.
• Tezos (XTZ) traded down 5.1% against the dollar and now trades at $0.63 or 0.00000949 BTC.
• Terra Classic (LUNC) traded 4.1% lower against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded 4.8% lower against the dollar and now trades at $0.35 or 0.00000521 BTC.
• GXChain (GXC) traded 0.7% higher against the dollar and now trades at $0.35 or 0.00000531 BTC.
• Adshares (ADS) traded 2.7% lower against the dollar and now trades at $0.22 or 0.00000328 BTC.
• BitShares (BTS) traded down 4% against the dollar and now trades at $0.0015 or 0.00000002 BTC.

Terra Coin Profile

LUNA uses the hashing algorithm. Its launch 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 official message board for Terra is medium.com/terra-money. 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. Terra’s official website 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.”

Buying and Selling Terra

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 GDAX, Changelly or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Terra using one of the exchanges listed above.

LUNA/USD price chart by TradingView