Terra (LUNA) Self Reported Market Capitalization Achieves $55.59 Million

Terra (LUNA) traded up 0.5% against the US dollar during the 24 hour period ending at 10:00 AM E.T. on January 28th. Over the last seven days, Terra has traded down 1.1% against the US dollar. Terra has a market cap of $55.59 million and approximately $7.90 million worth of Terra was traded on exchanges in the last day. One Terra coin can now be purchased for about $0.0783 or 0.00000087 BTC on popular exchanges.

Here is how other cryptocurrencies have performed over the last day:

• TRON (TRX) traded 0.5% lower against the dollar and now trades at $0.29 or 0.00000324 BTC.
• Tezos (XTZ) traded up 0.2% against the dollar and now trades at $0.55 or 0.00000613 BTC.
• Terra Classic (LUNC) traded up 0.8% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• aelf (ELF) traded up 1.1% against the dollar and now trades at $0.0932 or 0.00000103 BTC.
• GXChain (GXC) traded 5% lower against the dollar and now trades at $0.42 or 0.00000471 BTC.
• Adshares (ADS) traded up 1.9% against the dollar and now trades at $0.72 or 0.00000801 BTC.
• BitShares (BTS) traded up 1.1% against the dollar and now trades at $0.0011 or 0.00000001 BTC.

Terra Coin Profile

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 Reddit community for Terra is https://reddit.com/r/terraluna and the currency’s Github account can be viewed here. Terra’s official message board is medium.com/terra-money. Terra’s official website 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 purchase alternative cryptocurrencies such as Terra directly using US dollars. Investors seeking to trade Terra should first purchase 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 purchase Terra using one of the exchanges listed above.

LUNA/USD price chart by TradingView