Terra (LUNA) Self Reported Market Capitalization Hits $258.54 Million

Terra (LUNA) traded 0.4% higher against the dollar during the one day period ending at 18:00 PM ET on October 12th. One Terra coin can currently be bought for about $0.36 or 0.00000576 BTC on major cryptocurrency exchanges. Terra has a market cap of $258.54 million and $20.75 million worth of Terra was traded on exchanges in the last 24 hours. During the last week, Terra has traded down 3.4% against the dollar.

Here is how other cryptocurrencies have performed during the last 24 hours:

• TRON (TRX) traded up 1.8% against the dollar and now trades at $0.16 or 0.00000258 BTC.
• Tezos (XTZ) traded up 1.9% against the dollar and now trades at $0.69 or 0.00001099 BTC.
• Terra Classic (LUNC) traded 1.5% higher against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded 0.9% higher against the dollar and now trades at $0.38 or 0.00000599 BTC.
• GXChain (GXC) traded 6% higher against the dollar and now trades at $0.35 or 0.00000558 BTC.
• Adshares (ADS) traded up 0.5% against the dollar and now trades at $0.21 or 0.00000327 BTC.
• BitShares (BTS) traded down 0.4% against the dollar and now trades at $0.0018 or 0.00000003 BTC.

Terra Profile

Terra uses the hashing algorithm. It launched on May 27th, 2022. Terra’s total supply is 1,186,707,049 coins and its circulating supply is 709,984,438 coins. The Reddit community for Terra is https://reddit.com/r/terraluna and the currency’s Github account can be viewed here. 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. 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.”

Terra Coin Trading

It is usually not presently possible to purchase alternative cryptocurrencies such as Terra directly using US dollars. Investors seeking to acquire Terra should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, GDAX or Coinbase. 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