Terra (LUNA) Reaches 24 Hour Trading Volume of $35.46 Million

Terra (LUNA) traded down 2.9% against the US dollar during the 24 hour period ending at 22:00 PM E.T. on July 22nd. Terra has a total market cap of $350.26 million and approximately $35.46 million worth of Terra was traded on exchanges in the last 24 hours. One Terra coin can now be bought for about $0.44 or 0.00000648 BTC on cryptocurrency exchanges. During the last week, Terra has traded up 3.5% against the US dollar.

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

• TRON (TRX) traded down 2.5% against the dollar and now trades at $0.13 or 0.00000197 BTC.
• Tezos (XTZ) traded 2.3% lower against the dollar and now trades at $0.78 or 0.00001163 BTC.
• Terra Classic (LUNC) traded 1% lower against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded down 1.7% against the dollar and now trades at $0.40 or 0.00000591 BTC.
• GXChain (GXC) traded up 0.1% against the dollar and now trades at $0.34 or 0.00000508 BTC.
• Adshares (ADS) traded down 24.7% against the dollar and now trades at $0.29 or 0.00000434 BTC.
• BitShares (BTS) traded up 1% against the dollar and now trades at $0.0022 or 0.00000003 BTC.

Terra Coin Profile

Terra (CRYPTO:LUNA) uses the hashing algorithm. It was first traded on May 27th, 2022. Terra’s total supply is 1,186,707,049 coins and its circulating supply is 801,515,561 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 possible to purchase alternative cryptocurrencies such as Terra directly using U.S. dollars. Investors seeking to acquire Terra should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, Gemini or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Terra using one of the aforementioned exchanges.

LUNA/USD price chart by TradingView