Terra (LUNA) Self Reported Market Capitalization Achieves $236.32 Million

Terra (LUNA) traded up 0.1% against the dollar during the twenty-four hour period ending at 22:00 PM E.T. on May 26th. One Terra coin can currently be bought for $0.86 or 0.00003216 BTC on cryptocurrency exchanges. In the last seven days, Terra has traded 6.8% lower against the dollar. Terra has a total market cap of $236.32 million and approximately $19.32 million worth of Terra was traded on exchanges in the last 24 hours.

Here is how similar cryptocurrencies have performed in the last 24 hours:

• Belrium (BEL) traded up 0.6% against the dollar and now trades at $2.56 or 0.00009580 BTC.
• TRON (TRX) traded down 1.9% against the dollar and now trades at $0.0754 or 0.00000282 BTC.
• Tezos (XTZ) traded 1.1% higher against the dollar and now trades at $0.88 or 0.00003309 BTC.
• Terra Classic (LUNC) traded 2.8% higher against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded up 0.5% against the dollar and now trades at $0.28 or 0.00001062 BTC.
• Adshares (ADS) traded 0.7% higher against the dollar and now trades at $0.84 or 0.00003148 BTC.
• GXChain (GXC) traded down 8.5% against the dollar and now trades at $0.37 or 0.00001369 BTC.
• BitShares (BTS) traded up 1.1% against the dollar and now trades at $0.0077 or 0.00000029 BTC.

Terra Coin Profile

Terra uses the hashing algorithm. Its launch date was May 27th, 2022. Terra’s total supply is 1,004,262,701 coins and its circulating supply is 274,974,517 coins. 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. The official website for Terra is terra.money. The Reddit community for Terra is https://reddit.com/r/terraluna and the currency’s Github account can be viewed 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 buy alternative cryptocurrencies such as Terra directly using US dollars. Investors seeking to trade Terra should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, GDAX or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Terra using one of the aforementioned exchanges.

LUNA/USD price chart by TradingView