Terra Self Reported Market Cap Reaches $224.87 Million (LUNA)

Terra (LUNA) traded up 3.1% against the dollar during the 1-day period ending at 15:00 PM E.T. on September 7th. One Terra coin can currently be bought for about $0.33 or 0.00000600 BTC on exchanges. Over the last week, Terra has traded down 5.8% against the dollar. Terra has a total market capitalization of $224.87 million and $26.05 million worth of Terra was traded on exchanges in the last day.

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

• TRON (TRX) traded up 2.4% against the dollar and now trades at $0.15 or 0.00000279 BTC.
• Tezos (XTZ) traded 2.2% higher against the dollar and now trades at $0.61 or 0.00001119 BTC.
• Terra Classic (LUNC) traded 2.4% higher against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded up 1.2% against the dollar and now trades at $0.35 or 0.00000643 BTC.
• GXChain (GXC) traded down 6.4% against the dollar and now trades at $0.30 or 0.00000561 BTC.
• Adshares (ADS) traded 1.9% lower against the dollar and now trades at $0.21 or 0.00000379 BTC.
• BitShares (BTS) traded 2.2% lower against the dollar and now trades at $0.0016 or 0.00000003 BTC.

About 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 690,419,882 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 Twitter account is @terra_money and its Facebook page is accessible here. The official website for Terra is terra.money. Terra’s official message board is medium.com/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 currently possible to buy alternative cryptocurrencies such as Terra directly using US dollars. Investors seeking to trade Terra should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, GDAX or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Terra using one of the aforementioned exchanges.

LUNA/USD price chart by TradingView