Terra (LUNA) Price Hits $0.36 on Exchanges

Terra (LUNA) traded 2.8% higher against the U.S. dollar during the 24 hour period ending at 15:00 PM ET on October 24th. Terra has a market capitalization of $258.86 million and approximately $20.37 million worth of Terra was traded on exchanges in the last 24 hours. One Terra coin can now be bought for $0.36 or 0.00000538 BTC on cryptocurrency exchanges. During the last week, Terra has traded 1.7% higher against the U.S. dollar.

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

• TRON (TRX) traded 3.4% higher against the dollar and now trades at $0.16 or 0.00000243 BTC.
• Tezos (XTZ) traded 2.9% higher against the dollar and now trades at $0.67 or 0.00000990 BTC.
• Terra Classic (LUNC) traded 2.9% higher against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded 1.7% higher against the dollar and now trades at $0.37 or 0.00000542 BTC.
• GXChain (GXC) traded 0.3% higher against the dollar and now trades at $0.36 or 0.00000530 BTC.
• Adshares (ADS) traded up 1.9% against the dollar and now trades at $0.22 or 0.00000332 BTC.
• BitShares (BTS) traded 0.1% higher against the dollar and now trades at $0.0016 or 0.00000002 BTC.

Terra Profile

LUNA uses the hashing algorithm. It was first traded on May 27th, 2022. Terra’s total supply is 1,186,707,049 coins and its circulating supply is 709,984,438 coins. Terra’s official message board is medium.com/terra-money. Terra’s official Twitter account is @terra_money and its Facebook page is accessible here. Terra’s official website is terra.money. 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.”

Buying and Selling Terra

It is usually not currently possible to purchase alternative cryptocurrencies such as Terra directly using US dollars. Investors seeking to acquire Terra should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, GDAX or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Terra using one of the exchanges listed above.

LUNA/USD price chart by TradingView