Terra (LUNA) 24-Hour Volume Reaches $52.61 Million

Terra (LUNA) traded 11.3% higher against the dollar during the 24-hour period ending at 21:00 PM Eastern on May 5th. One Terra coin can currently be bought for $0.65 or 0.00001019 BTC on cryptocurrency exchanges. In the last seven days, Terra has traded 7.9% higher against the dollar. Terra has a total market capitalization of $478.35 million and approximately $52.61 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 0.2% lower against the dollar and now trades at $0.12 or 0.00000189 BTC.
• Tezos (XTZ) traded 1.2% higher against the dollar and now trades at $0.96 or 0.00001501 BTC.
• Terra Classic (LUNC) traded 11.5% higher against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded 1.5% higher against the dollar and now trades at $0.56 or 0.00000871 BTC.
• GXChain (GXC) traded 1.2% higher against the dollar and now trades at $0.44 or 0.00000691 BTC.
• Adshares (ADS) traded 4.9% higher against the dollar and now trades at $0.41 or 0.00000642 BTC.
• BitShares (BTS) traded 2.9% lower against the dollar and now trades at $0.0032 or 0.00000005 BTC.

About Terra

Terra (CRYPTO: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 731,289,047 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 Twitter account is @terra_money and its Facebook page is accessible here. Terra’s official message board 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.”

Buying and Selling Terra

It is usually not possible to buy alternative cryptocurrencies such as Terra directly using US dollars. Investors seeking to acquire Terra should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Gemini or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Terra using one of the exchanges listed above.

LUNA/USD price chart by TradingView