Terra (LUNA) 24-Hour Volume Hits $23.18 Million

Terra (LUNA) traded down 2.7% against the US dollar during the twenty-four hour period ending at 21:00 PM Eastern on May 7th. Over the last week, Terra has traded 8.2% higher against the US dollar. Terra has a total market cap of $433.45 million and approximately $23.18 million worth of Terra was traded on exchanges in the last 24 hours. One Terra coin can currently be purchased for about $0.59 or 0.00000944 BTC on major exchanges.

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

• Belrium (BEL) traded flat against the dollar and now trades at $2.51 or 0.00009565 BTC.
• TRON (TRX) traded 2.2% higher against the dollar and now trades at $0.12 or 0.00000194 BTC.
• Tezos (XTZ) traded 2.1% lower against the dollar and now trades at $0.92 or 0.00001474 BTC.
• Terra Classic (LUNC) traded down 3.7% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded 1.2% lower against the dollar and now trades at $0.54 or 0.00000869 BTC.
• GXChain (GXC) traded 1.8% lower against the dollar and now trades at $0.41 or 0.00000656 BTC.
• Adshares (ADS) traded 3.8% lower against the dollar and now trades at $0.40 or 0.00000644 BTC.
• BitShares (BTS) traded down 3.6% against the dollar and now trades at $0.0031 or 0.00000005 BTC.

Terra Coin Profile

LUNA uses the hashing algorithm. It launched on May 27th, 2022. Terra’s total supply is 1,004,262,701 coins and its circulating supply is 733,089,344 coins. Terra’s official website 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. 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.”

Terra Coin Trading

It is usually not possible to purchase alternative cryptocurrencies such as Terra directly using U.S. dollars. Investors seeking to acquire Terra should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Gemini or Changelly. 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