Terra 1-Day Trading Volume Tops $27.67 Million (LUNA)

Terra (LUNA) traded 4.4% higher against the US dollar during the 1 day period ending at 9:00 AM ET on May 2nd. One Terra coin can currently be purchased for about $0.56 or 0.00000963 BTC on major cryptocurrency exchanges. During the last seven days, Terra has traded down 7.7% against the US dollar. Terra has a market cap of $411.04 million and $27.67 million worth of Terra was traded on exchanges in the last 24 hours.

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

• Belrium (BEL) traded flat against the dollar and now trades at $2.51 or 0.00009565 BTC.
• TRON (TRX) traded 2.6% higher against the dollar and now trades at $0.12 or 0.00000210 BTC.
• Tezos (XTZ) traded 1.7% higher against the dollar and now trades at $0.92 or 0.00001572 BTC.
• Terra Classic (LUNC) traded 3.4% higher against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded 9.4% higher against the dollar and now trades at $0.55 or 0.00000943 BTC.
• GXChain (GXC) traded up 0.5% against the dollar and now trades at $0.37 or 0.00000634 BTC.
• Adshares (ADS) traded up 0.3% against the dollar and now trades at $0.39 or 0.00000673 BTC.
• BitShares (BTS) traded up 2.9% against the dollar and now trades at $0.0032 or 0.00000005 BTC.

Terra Profile

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 728,139,463 coins. Terra’s official message board is medium.com/terra-money. Terra’s official website is terra.money. 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.

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 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 Coinbase, Changelly or GDAX. 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