Terra Self Reported Market Cap Achieves $451.54 Million (LUNA)

Terra (LUNA) traded up 4.7% against the dollar during the twenty-four hour period ending at 20:00 PM Eastern on May 8th. In the last seven days, Terra has traded up 10.1% against the dollar. One Terra coin can now be purchased for about $0.62 or 0.00001003 BTC on major cryptocurrency exchanges. Terra has a total market cap of $451.54 million and approximately $132.61 million worth of Terra was traded on exchanges in the last day.

Here is how similar cryptocurrencies have performed in the last day:

• Belrium (BEL) traded flat against the dollar and now trades at $2.51 or 0.00009565 BTC.
• TRON (TRX) traded 1.8% higher against the dollar and now trades at $0.12 or 0.00000201 BTC.
• Tezos (XTZ) traded 0.2% higher against the dollar and now trades at $0.92 or 0.00001502 BTC.
• Terra Classic (LUNC) traded up 1.3% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded 1.6% lower against the dollar and now trades at $0.54 or 0.00000877 BTC.
• GXChain (GXC) traded 3% lower against the dollar and now trades at $0.40 or 0.00000649 BTC.
• Adshares (ADS) traded 1.7% higher against the dollar and now trades at $0.41 or 0.00000669 BTC.
• BitShares (BTS) traded 2.5% lower against the dollar and now trades at $0.0031 or 0.00000005 BTC.

About Terra

LUNA uses the hashing algorithm. Its genesis date was May 27th, 2022. Terra’s total supply is 1,004,262,701 coins and its circulating supply is 733,897,464 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. Terra’s official Twitter account is @terra_money and its Facebook page is accessible 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 currently 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 Changelly, Coinbase or GDAX. 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