Terra Price Hits $0.41 (LUNA)

Terra (LUNA) traded 7.8% higher against the dollar during the twenty-four hour period ending at 7:00 AM Eastern on August 25th. Terra has a total market cap of $337.64 million and approximately $109.50 million worth of Terra was traded on exchanges in the last 24 hours. During the last seven days, Terra has traded up 27.2% against the dollar. One Terra coin can now be purchased for approximately $0.41 or 0.00000635 BTC on popular cryptocurrency exchanges.

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

• TRON (TRX) traded up 1.1% against the dollar and now trades at $0.16 or 0.00000252 BTC.
• Tezos (XTZ) traded 1.2% lower against the dollar and now trades at $0.74 or 0.00001149 BTC.
• Terra Classic (LUNC) traded up 0.4% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded down 3% against the dollar and now trades at $0.41 or 0.00000641 BTC.
• GXChain (GXC) traded down 0.7% against the dollar and now trades at $0.37 or 0.00000585 BTC.
• Adshares (ADS) traded down 0.5% against the dollar and now trades at $0.23 or 0.00000357 BTC.
• BitShares (BTS) traded down 0.1% against the dollar and now trades at $0.0018 or 0.00000003 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 831,706,162 coins. The official website for Terra is terra.money. The official message board for Terra is medium.com/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.”

Terra Coin Trading

It is usually not possible to purchase alternative cryptocurrencies such as Terra directly using U.S. dollars. Investors seeking to trade Terra should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, Gemini or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Terra using one of the aforementioned exchanges.

LUNA/USD price chart by TradingView