Terra Hits Self Reported Market Capitalization of $178.81 Million (LUNA)

Terra (LUNA) traded 6.2% lower against the US dollar during the twenty-four hour period ending at 7:00 AM Eastern on February 18th. Terra has a market capitalization of $178.81 million and approximately $24.88 million worth of Terra was traded on exchanges in the last day. One Terra coin can now be purchased for about $0.25 or 0.00000264 BTC on popular cryptocurrency exchanges. In the last week, Terra has traded down 5.6% against the US dollar.

Here’s how similar cryptocurrencies have performed in the last day:

• TRON (TRX) traded 4.5% lower against the dollar and now trades at $0.24 or 0.00000247 BTC.
• Tezos (XTZ) traded 5.6% lower against the dollar and now trades at $0.86 or 0.00000897 BTC.
• Terra Classic (LUNC) traded 5.5% lower against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded down 6.1% against the dollar and now trades at $0.28 or 0.00000298 BTC.
• Adshares (ADS) traded 1.4% higher against the dollar and now trades at $0.57 or 0.00000594 BTC.
• GXChain (GXC) traded up 1.5% against the dollar and now trades at $0.26 or 0.00000276 BTC.
• BitShares (BTS) traded 0.4% higher against the dollar and now trades at $0.0011 or 0.00000001 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. 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. The official website for Terra is terra.money. 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.”

Terra Coin Trading

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