Terra 1-Day Volume Tops $60.06 Million (LUNA)

Terra (LUNA) traded 1.5% higher against the US dollar during the one day period ending at 10:00 AM Eastern on August 6th. Terra has a total market capitalization of $274.09 million and approximately $60.06 million worth of Terra was traded on exchanges in the last 24 hours. One Terra coin can now be purchased for $2.15 or 0.00009262 BTC on popular cryptocurrency exchanges. During the last week, Terra has traded up 9.2% against the US dollar.

Here is how other cryptocurrencies have performed during the last 24 hours:

  • Tezos (XTZ) traded 1% higher against the dollar and now trades at $1.89 or 0.00008127 BTC.
  • Terra Classic (LUNC) traded 0.5% higher against the dollar and now trades at $0.0001 or 0.00000000 BTC.
  • Adshares (ADS) traded up 2.5% against the dollar and now trades at $3.38 or 0.00014547 BTC.
  • Decimal (DEL) traded 3.7% lower against the dollar and now trades at $0.0328 or 0.00000141 BTC.
  • Luna Coin (LUNA) traded up 21,229.2% against the dollar and now trades at $1.19 or 0.00004013 BTC.
  • Umbrella Network (UMB) traded up 0.8% against the dollar and now trades at $0.0174 or 0.00000075 BTC.
  • Golos Blockchain (GLS) traded 2.3% lower against the dollar and now trades at $0.0016 or 0.00000007 BTC.
  • Xeonbit Token (XNS) traded down 18% against the dollar and now trades at $0.0116 or 0.00000040 BTC.
  • The Smokehouse (SMOKE) traded 30.4% lower against the dollar and now trades at $0.0017 or 0.00000004 BTC.
  • CenterPrime (CPX) traded up 34.8% against the dollar and now trades at $0.66 or 0.00003115 BTC.

Terra Profile

Terra (LUNA) uses the hashing algorithm. Its genesis date was September 10th, 2018. Terra’s total supply is 1,004,262,701 coins and its circulating supply is 127,475,474 coins. Terra’s official website is terra.money. The official message board for Terra is medium.com/terra-money. Terra’s official Twitter account is @terra_money.

According to CryptoCompare, “Terra aims to build a new financial infrastructure that works better for everyone. The network is powered by a family of stablecoins, each pegged to major fiat currencies all algorithmically stabilized by Terra’s native token, Luna. Terra’s mission is to set money free by building open financial infrastructure. Luna, as the native staking asset from which the family of Terra stablecoins derives their stability, utility, and value, acts both as collateral for the entire Terra economy and as a staking token that secures the PoS network. Luna can be held and traded like a normal crypto asset, but can also be staked to accrue rewards in the network generated from transaction fees. Luna can also be used to make and vote on governance proposals. The family of Terra stablecoins is designed to achieve stability through consistent mining rewards with a contracting and expanding money supply. For example, if the system has detected that the price of a Terra currency has deviated from its peg, it applies pressure to normalize the price. Currently, the family of Terra stablecoins includes: KRT (Terra stablecoin pegged to Korean Won), UST (Terra stablecoin pegged to US Dollar), MNT (Terra stablecoin pegged to Mongolian Togrog), SDR (Terra stablecoin pegged to IMF SDR), with more being added in the future. “

Buying and Selling Terra

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

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