Terra Self Reported Market Cap Achieves $267.84 Million (LUNA)

Terra (LUNA) traded 7.7% lower against the U.S. dollar during the twenty-four hour period ending at 8:00 AM E.T. on September 16th. Terra has a market cap of $267.84 million and $39.58 million worth of Terra was traded on exchanges in the last 24 hours. One Terra coin can currently be bought for $0.38 or 0.00000654 BTC on major exchanges. During the last week, Terra has traded up 12.7% against the U.S. dollar.

Here is how similar cryptocurrencies have performed during the last 24 hours:

• TRON (TRX) traded 1.4% higher against the dollar and now trades at $0.15 or 0.00000254 BTC.
• Tezos (XTZ) traded down 2.8% against the dollar and now trades at $0.63 or 0.00001071 BTC.
• Terra Classic (LUNC) traded down 4.9% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded down 5.2% against the dollar and now trades at $0.35 or 0.00000602 BTC.
• GXChain (GXC) traded 2% higher against the dollar and now trades at $0.31 or 0.00000532 BTC.
• Adshares (ADS) traded 27.1% lower against the dollar and now trades at $0.20 or 0.00000338 BTC.
• BitShares (BTS) traded 0.7% higher against the dollar and now trades at $0.0018 or 0.00000003 BTC.

About Terra

Terra (LUNA) 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 697,898,959 coins. Terra’s official message board is medium.com/terra-money. The official website for Terra 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 possible to purchase alternative cryptocurrencies such as Terra directly using US dollars. Investors seeking to acquire Terra should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Changelly or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Terra using one of the aforementioned exchanges.

LUNA/USD price chart by TradingView