Terra (LUNA) Achieves Self Reported Market Capitalization of $416.73 Million

Terra (LUNA) traded 1.6% higher against the dollar during the 24 hour period ending at 10:00 AM ET on December 12th. One Terra coin can now be bought for about $0.59 or 0.00000579 BTC on major cryptocurrency exchanges. Over the last week, Terra has traded down 20.6% against the dollar. Terra has a total market capitalization of $416.73 million and $82.56 million worth of Terra was traded on exchanges in the last day.

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

• TRON (TRX) traded up 5.3% against the dollar and now trades at $0.30 or 0.00000295 BTC.
• Tezos (XTZ) traded down 1% against the dollar and now trades at $1.49 or 0.00001468 BTC.
• Terra Classic (LUNC) traded up 1.7% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded down 0.2% against the dollar and now trades at $0.54 or 0.00000532 BTC.
• Adshares (ADS) traded up 26.8% against the dollar and now trades at $0.92 or 0.00000909 BTC.
• GXChain (GXC) traded down 4.6% against the dollar and now trades at $0.42 or 0.00000413 BTC.
• BitShares (BTS) traded 7.4% lower against the dollar and now trades at $0.0030 or 0.00000003 BTC.

Terra Coin Profile

Terra (LUNA) uses the hashing algorithm. It was first traded on May 27th, 2022. Terra’s total supply is 1,186,707,049 coins and its circulating supply is 709,984,438 coins. Terra’s official Twitter account is @terra_money and its Facebook page is accessible here. The Reddit community for Terra is https://reddit.com/r/terraluna and the currency’s Github account can be viewed here. Terra’s official website is terra.money. The official message board for Terra is medium.com/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 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, Gemini or Changelly. 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