Terra (LUNA) Hits Self Reported Market Cap of $249,760.24 Billion

Terra (LUNA) traded 3.8% lower against the U.S. dollar during the 24-hour period ending at 22:00 PM Eastern on November 24th. One Terra coin can currently be bought for $1.53 or 0.00009237 BTC on popular cryptocurrency exchanges. Terra has a market capitalization of $249,760.24 billion and $30.63 million worth of Terra was traded on exchanges in the last day. During the last seven days, Terra has traded down 9.5% against the U.S. dollar.

Here’s how related cryptocurrencies have performed during the last day:

  • Belrium (BEL) traded 8.9% lower against the dollar and now trades at $3.79 or 0.00022937 BTC.
  • TRON (TRX) traded up 0.6% against the dollar and now trades at $0.0525 or 0.00000318 BTC.
  • Terra Classic (LUNC) traded down 4.1% against the dollar and now trades at $0.0002 or 0.00000001 BTC.
  • Tezos (XTZ) traded 2.3% lower against the dollar and now trades at $0.99 or 0.00005988 BTC.
  • GXChain (GXC) traded down 3.8% against the dollar and now trades at $0.35 or 0.00002133 BTC.
  • aelf (ELF) traded down 0.7% against the dollar and now trades at $0.12 or 0.00000751 BTC.
  • Adshares (ADS) traded 0.8% lower against the dollar and now trades at $1.40 or 0.00008489 BTC.
  • BitShares (BTS) traded up 0% against the dollar and now trades at $0.0079 or 0.00000048 BTC.

Terra Coin Profile

Terra 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 163,721,381,644,720 coins. 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. Terra’s official message board is medium.com/terra-money.

According to CryptoCompare, “After the UST depegging, Terra community voted for governance proposal 1623, and a new chain was created. The version represented on this page is the new chain that assumed the Terra name, and all Terra branding assets.The new chain is also a Cosmos chain, but do not have the treasury, oracle, or market modules of the original/classic chain.The new chain’s native mining token is Luna.There are no Terra stablecoins (UST, KRT, EUT, etc.) on this new chain.CryptoCompare has taken the following steps to ensure data for both the new version of LUNA and the original LUNA Classic remained available throughout the process:Initially all data for the new version of LUNA was mapped to a temporary ticker called LUNA2, leaving 'LUNA Classic' data on the LUNA ticker.Once the majority of exchanges completed their intended actions and normal trading has resumed we moved all 'LUNA Classic' data from LUNA to its new ticker LUNC.Finally once all LUNA Classic data was cleared from the LUNA ticker we migrated all new LUNA data (held under LUNA2) back to the intended LUNA ticker.You can read more about the 'Terra revival plan' here.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.”

Terra Coin Trading

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 Changelly, GDAX or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Terra using one of the exchanges listed above.

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