Terra Reaches Self Reported Market Capitalization of $319.56 Million (LUNA)

Terra (LUNA) traded up 10.7% against the U.S. dollar during the 24-hour period ending at 11:00 AM E.T. on December 24th. Terra has a market capitalization of $319.56 million and $40.75 million worth of Terra was traded on exchanges in the last day. During the last week, Terra has traded 15.1% lower against the U.S. dollar. One Terra coin can now be bought for approximately $0.45 or 0.00000462 BTC on exchanges.

Here’s how other cryptocurrencies have performed during the last day:

• TRON (TRX) traded 3.5% higher against the dollar and now trades at $0.26 or 0.00000263 BTC.
• Tezos (XTZ) traded 13.8% higher against the dollar and now trades at $1.45 or 0.00001493 BTC.
• Terra Classic (LUNC) traded 7.9% higher against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded 4.3% higher against the dollar and now trades at $0.49 or 0.00000501 BTC.
• GXChain (GXC) traded 4.3% higher against the dollar and now trades at $0.42 or 0.00000431 BTC.
• Adshares (ADS) traded 0.3% lower against the dollar and now trades at $0.76 or 0.00000777 BTC.
• BitShares (BTS) traded down 2% against the dollar and now trades at $0.0016 or 0.00000002 BTC.

Terra Profile

Terra 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 709,984,438 coins. The official message board for Terra is medium.com/terra-money. Terra’s official website is 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 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 currently 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 Gemini, Coinbase or GDAX. 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