Terra Trading 2.3% Lower Over Last Week (LUNA)

Terra (LUNA) traded up 1.5% against the dollar during the twenty-four hour period ending at 0:00 AM ET on June 27th. One Terra coin can now be bought for $0.43 or 0.00000699 BTC on major cryptocurrency exchanges. Terra has a total market cap of $334.94 million and $19.28 million worth of Terra was traded on exchanges in the last 24 hours. During the last week, Terra has traded down 2.3% against the dollar.

Here’s how related cryptocurrencies have performed during the last 24 hours:

• TRON (TRX) traded 1% lower against the dollar and now trades at $0.12 or 0.00000198 BTC.
• Tezos (XTZ) traded up 0.7% against the dollar and now trades at $0.77 or 0.00001254 BTC.
• Terra Classic (LUNC) traded 0.2% higher against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded up 2.7% against the dollar and now trades at $0.36 or 0.00000583 BTC.
• GXChain (GXC) traded 4.1% lower against the dollar and now trades at $0.35 or 0.00000564 BTC.
• Adshares (ADS) traded 1.2% higher against the dollar and now trades at $0.41 or 0.00000662 BTC.
• BitShares (BTS) traded 0.6% lower against the dollar and now trades at $0.0024 or 0.00000004 BTC.

Terra Coin Profile

LUNA uses the hashing algorithm. It launched on May 27th, 2022. Terra’s total supply is 1,186,707,049 coins and its circulating supply is 779,263,582 coins. The official website for Terra is terra.money. The Reddit community for Terra is https://reddit.com/r/terraluna and the currency’s Github account can be viewed here. Terra’s official Twitter account is @terra_money and its Facebook page is accessible here. The official message board for Terra is medium.com/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 possible to purchase alternative cryptocurrencies such as Terra directly using U.S. dollars. Investors seeking to acquire Terra should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, Changelly or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Terra using one of the aforementioned exchanges.

LUNA/USD price chart by TradingView