Terra (LUNA) Market Capitalization Tops $2.84 Billion

Terra (CURRENCY:LUNA) traded up 14.8% against the US dollar during the one day period ending at 23:00 PM ET on July 21st. Terra has a market capitalization of $2.84 billion and $222.22 million worth of Terra was traded on exchanges in the last 24 hours. In the last week, Terra has traded 3.3% lower against the US dollar. One Terra coin can now be purchased for approximately $6.78 or 0.00021232 BTC on major cryptocurrency exchanges.

Here is how related cryptocurrencies have performed in the last 24 hours:

  • Tezos (XTZ) traded up 8.3% against the dollar and now trades at $2.36 or 0.00007372 BTC.
  • Dimension Chain (EON) traded down 0% against the dollar and now trades at $0.35 or 0.00001074 BTC.
  • Adshares (ADS) traded up 6% against the dollar and now trades at $0.47 or 0.00001472 BTC.
  • Apex (CPX) traded down 1.2% against the dollar and now trades at $0.0057 or 0.00000012 BTC.
  • Umbrella Network (UMB) traded 24% higher against the dollar and now trades at $0.13 or 0.00000417 BTC.
  • Golos Blockchain (GLS) traded 16% higher against the dollar and now trades at $0.0021 or 0.00000006 BTC.
  • Luna Coin (LUNA) traded up 7.1% against the dollar and now trades at $0.0096 or 0.00000030 BTC.
  • The Smokehouse (SMOKE) traded up 5.1% against the dollar and now trades at $0.0018 or 0.00000006 BTC.
  • Crypxie (CPX) traded 4.8% lower against the dollar and now trades at $3.35 or 0.00009372 BTC.
  • CenterPrime (CPX) traded down 9.4% against the dollar and now trades at $5.45 or 0.00016712 BTC.

Terra Coin Profile

Terra (LUNA) uses the hashing algorithm. Its launch date was September 10th, 2018. Terra’s total supply is 996,530,377 coins and its circulating supply is 419,273,422 coins. The official message board for Terra is medium.com/terra-money. Terra’s official Twitter account is @terra_money. Terra’s official website 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 buy alternative cryptocurrencies such as Terra directly using U.S. dollars. Investors seeking to trade Terra should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, Gemini or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Terra using one of the exchanges listed above.

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