Terra (LUNA) Trading 10.6% Lower Over Last 7 Days

Terra (LUNA) traded up 4.7% against the US dollar during the twenty-four hour period ending at 11:00 AM ET on October 27th. During the last week, Terra has traded down 10.6% against the US dollar. Terra has a total market capitalization of $241.69 million and $24.34 million worth of Terra was traded on exchanges in the last 24 hours. One Terra coin can now be purchased for $0.34 or 0.00000503 BTC on cryptocurrency exchanges.

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

• TRON (TRX) traded 0.6% higher against the dollar and now trades at $0.17 or 0.00000244 BTC.
• Tezos (XTZ) traded up 2.5% against the dollar and now trades at $0.64 or 0.00000944 BTC.
• Terra Classic (LUNC) traded 7.1% higher against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded up 1.4% against the dollar and now trades at $0.35 or 0.00000521 BTC.
• GXChain (GXC) traded 0.4% higher against the dollar and now trades at $0.35 or 0.00000518 BTC.
• Adshares (ADS) traded up 0.9% against the dollar and now trades at $0.22 or 0.00000326 BTC.
• BitShares (BTS) traded 2.1% lower against the dollar and now trades at $0.0015 or 0.00000002 BTC.

About Terra

Terra (LUNA) uses the hashing algorithm. Its genesis date was 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 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. The official website for Terra is 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 presently possible to buy alternative cryptocurrencies such as Terra directly using U.S. dollars. Investors seeking to acquire Terra should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, GDAX or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Terra using one of the aforementioned exchanges.

LUNA/USD price chart by TradingView