Terra (LUNA) Hits Self Reported Market Capitalization of $298.39 Million

Terra (LUNA) traded down 4.9% against the US dollar during the one day period ending at 10:00 AM E.T. on January 9th. Terra has a market capitalization of $298.39 million and approximately $52.06 million worth of Terra was traded on exchanges in the last 24 hours. One Terra coin can currently be purchased for about $0.42 or 0.00000448 BTC on major cryptocurrency exchanges. Over the last week, Terra has traded down 4.4% against the US dollar.

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

• TRON (TRX) traded 3.1% lower against the dollar and now trades at $0.24 or 0.00000260 BTC.
• Tezos (XTZ) traded down 3.5% against the dollar and now trades at $1.28 or 0.00001363 BTC.
• Terra Classic (LUNC) traded 3.2% lower against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded 4.5% higher against the dollar and now trades at $0.48 or 0.00000514 BTC.
• GXChain (GXC) traded 3.8% lower against the dollar and now trades at $0.39 or 0.00000415 BTC.
• Adshares (ADS) traded down 0% against the dollar and now trades at $0.70 or 0.00000751 BTC.
• BitShares (BTS) traded 7.8% lower against the dollar and now trades at $0.0014 or 0.00000002 BTC.

Terra Profile

Terra (CRYPTO:LUNA) 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. 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 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.

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 U.S. dollars. Investors seeking to trade Terra should first buy Bitcoin or Ethereum using an exchange that deals in U.S. 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.

LUNA/USD price chart by TradingView