Terra Achieves Self Reported Market Cap of $250.27 Million (LUNA)

Terra (LUNA) traded up 2.4% against the US dollar during the twenty-four hour period ending at 8:00 AM ET on October 31st. In the last seven days, Terra has traded 2.8% lower against the US dollar. One Terra coin can currently be bought for approximately $0.35 or 0.00000488 BTC on major exchanges. Terra has a market cap of $250.27 million and approximately $49.85 million worth of Terra was traded on exchanges in the last 24 hours.

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

  • TRON (TRX) traded up 1.5% against the dollar and now trades at $0.17 or 0.00000236 BTC.
  • Tezos (XTZ) traded 2.4% lower against the dollar and now trades at $0.65 or 0.00000896 BTC.
  • Terra Classic (LUNC) traded 5.3% higher against the dollar and now trades at $0.0001 or 0.00000000 BTC.
  • aelf (ELF) traded 1.8% lower against the dollar and now trades at $0.35 or 0.00000490 BTC.
  • GXChain (GXC) traded 7.1% higher against the dollar and now trades at $0.38 or 0.00000532 BTC.
  • Adshares (ADS) traded down 1.5% against the dollar and now trades at $0.22 or 0.00000305 BTC.
  • BitShares (BTS) traded up 1.8% against the dollar and now trades at $0.0016 or 0.00000002 BTC.

About Terra

Terra (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. 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. 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 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, Gemini 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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