Terra Reaches Self Reported Market Cap of $767.39 Million (LUNA)

Terra (LUNA) traded up 0.5% against the dollar during the 1-day period ending at 9:00 AM ET on March 29th. During the last seven days, Terra has traded 20.2% higher against the dollar. One Terra coin can now be purchased for approximately $1.10 or 0.00001568 BTC on exchanges. Terra has a total market capitalization of $767.39 million and approximately $90.72 million worth of Terra was traded on exchanges in the last 24 hours.

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

• Belrium (BEL) traded flat against the dollar and now trades at $2.51 or 0.00009565 BTC.
• TRON (TRX) traded 0.1% higher against the dollar and now trades at $0.12 or 0.00000171 BTC.
• Tezos (XTZ) traded 3.5% higher against the dollar and now trades at $1.43 or 0.00002037 BTC.
• Terra Classic (LUNC) traded 0.8% higher against the dollar and now trades at $0.0002 or 0.00000000 BTC.
• aelf (ELF) traded up 0.5% against the dollar and now trades at $0.66 or 0.00000941 BTC.
• GXChain (GXC) traded 1.3% lower against the dollar and now trades at $0.50 or 0.00000719 BTC.
• Adshares (ADS) traded up 4.5% against the dollar and now trades at $0.52 or 0.00000735 BTC.
• BitShares (BTS) traded 0.5% higher against the dollar and now trades at $0.0041 or 0.00000006 BTC.

About Terra

Terra uses the hashing algorithm. It was first traded on May 27th, 2022. Terra’s total supply is 1,004,262,701 coins and its circulating supply is 697,696,759 coins. Terra’s official message board 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 website is 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.”

Terra Coin Trading

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

LUNA/USD price chart by TradingView