Terra One Day Volume Hits $50.31 Million (LUNA)

Terra (LUNA) traded down 5% against the dollar during the 1 day period ending at 20:00 PM ET on November 20th. One Terra coin can now be purchased for approximately $0.63 or 0.00001673 BTC on major cryptocurrency exchanges. Terra has a total market capitalization of $366.06 million and $50.31 million worth of Terra was traded on exchanges in the last day. During the last seven days, Terra has traded down 12.6% against the dollar.

Here is how related cryptocurrencies have performed during the last day:

• Belrium (BEL) traded flat against the dollar and now trades at $2.51 or 0.00009565 BTC.
• TRON (TRX) traded down 1.4% against the dollar and now trades at $0.10 or 0.00000272 BTC.
• Tezos (XTZ) traded 1.5% lower against the dollar and now trades at $0.85 or 0.00002262 BTC.
• Terra Classic (LUNC) traded down 2.1% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded down 4.2% against the dollar and now trades at $0.56 or 0.00001505 BTC.
• BitShares (BTS) traded 0.4% higher against the dollar and now trades at $0.0110 or 0.00000029 BTC.
• Adshares (ADS) traded 2.8% higher against the dollar and now trades at $0.68 or 0.00001809 BTC.
• GXChain (GXC) traded 0.1% higher against the dollar and now trades at $0.31 or 0.00000836 BTC.

About Terra

Terra (CRYPTO:LUNA) uses the hashing algorithm. Its genesis date was May 27th, 2022. Terra’s total supply is 1,004,262,701 coins and its circulating supply is 583,561,011 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. The official message board for Terra is medium.com/terra-money. Terra’s official website 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 presently 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 GDAX, 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