Terra (LUNA) Reaches 1-Day Volume of $21.16 Million

Terra (LUNA) traded down 1.4% against the US dollar during the 24-hour period ending at 9:00 AM E.T. on May 5th. In the last week, Terra has traded 4.2% lower against the US dollar. One Terra coin can currently be bought for about $0.59 or 0.00000928 BTC on exchanges. Terra has a total market cap of $434.75 million and approximately $21.16 million worth of Terra was traded on exchanges in the last 24 hours.

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

• Belrium (BEL) traded flat against the dollar and now trades at $2.51 or 0.00009565 BTC.
• TRON (TRX) traded 1.5% lower against the dollar and now trades at $0.12 or 0.00000189 BTC.
• Tezos (XTZ) traded down 1.4% against the dollar and now trades at $0.96 or 0.00001500 BTC.
• Terra Classic (LUNC) traded down 1.1% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded 0.5% lower against the dollar and now trades at $0.56 or 0.00000869 BTC.
• GXChain (GXC) traded 1.2% higher against the dollar and now trades at $0.43 or 0.00000670 BTC.
• Adshares (ADS) traded up 2.7% against the dollar and now trades at $0.42 or 0.00000653 BTC.
• BitShares (BTS) traded 0.2% lower against the dollar and now trades at $0.0033 or 0.00000005 BTC.

About Terra

Terra (CRYPTO:LUNA) uses the hashing algorithm. Its launch date was May 27th, 2022. Terra’s total supply is 1,004,262,701 coins and its circulating supply is 730,869,193 coins. 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 message board is medium.com/terra-money. 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.”

Terra Coin Trading

It is usually not presently 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 Changelly, Coinbase or GDAX. 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