Terra (LUNA) Tops 24-Hour Volume of $26.37 Million

Terra (LUNA) traded down 4% against the U.S. dollar during the twenty-four hour period ending at 20:00 PM ET on July 25th. One Terra coin can currently be purchased for approximately $0.39 or 0.00000597 BTC on major cryptocurrency exchanges. Terra has a market capitalization of $315.57 million and approximately $26.37 million worth of Terra was traded on exchanges in the last day. Over the last seven days, Terra has traded down 9.3% against the U.S. dollar.

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

• TRON (TRX) traded 0.7% higher against the dollar and now trades at $0.14 or 0.00000206 BTC.
• Tezos (XTZ) traded up 0.3% against the dollar and now trades at $0.75 or 0.00001134 BTC.
• Terra Classic (LUNC) traded down 3.6% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded down 2.3% against the dollar and now trades at $0.38 or 0.00000585 BTC.
• GXChain (GXC) traded 12.8% higher against the dollar and now trades at $0.39 or 0.00000586 BTC.
• Adshares (ADS) traded down 11.9% against the dollar and now trades at $0.30 or 0.00000456 BTC.
• BitShares (BTS) traded down 1.4% against the dollar and now trades at $0.0021 or 0.00000003 BTC.

Terra Coin Profile

Terra (CRYPTO: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 804,153,009 coins. The official message board for Terra is medium.com/terra-money. 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.

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 acquire Terra should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Changelly or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Terra using one of the exchanges listed above.

LUNA/USD price chart by TradingView