Terra Reaches 24-Hour Trading Volume of $24.80 Million (LUNA)

Terra (LUNA) traded down 5.8% against the US dollar during the 24-hour period ending at 20:00 PM Eastern on November 3rd. One Terra coin can currently be purchased for approximately $0.31 or 0.00000448 BTC on popular cryptocurrency exchanges. Terra has a market cap of $218.01 million and approximately $24.80 million worth of Terra was traded on exchanges in the last 24 hours. In the last seven days, Terra has traded down 10% against the US dollar.

Here’s how other cryptocurrencies have performed in the last 24 hours:

• TRON (TRX) traded down 0.1% against the dollar and now trades at $0.17 or 0.00000241 BTC.
• Tezos (XTZ) traded down 4% against the dollar and now trades at $0.60 or 0.00000871 BTC.
• Terra Classic (LUNC) traded 4.3% lower against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded 2.9% lower against the dollar and now trades at $0.33 or 0.00000484 BTC.
• GXChain (GXC) traded down 5.3% against the dollar and now trades at $0.35 or 0.00000512 BTC.
• Adshares (ADS) traded 3.8% higher against the dollar and now trades at $0.23 or 0.00000332 BTC.
• BitShares (BTS) traded 0.8% lower against the dollar and now trades at $0.0015 or 0.00000002 BTC.

About Terra

Terra 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 message board is medium.com/terra-money. The official website for Terra 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 buy alternative cryptocurrencies such as Terra directly using U.S. dollars. Investors seeking to trade Terra should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, Changelly or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Terra using one of the aforementioned exchanges.

LUNA/USD price chart by TradingView