Terra (LUNA) Trading 0.8% Lower This Week

Terra (LUNA) traded 3.2% lower against the U.S. dollar during the twenty-four hour period ending at 21:00 PM Eastern on October 23rd. Terra has a total market capitalization of $260.43 million and $27.74 million worth of Terra was traded on exchanges in the last day. Over the last week, Terra has traded 0.8% lower against the U.S. dollar. One Terra coin can currently be purchased for about $0.37 or 0.00000545 BTC on cryptocurrency exchanges.

Here’s how related cryptocurrencies have performed over the last day:

• TRON (TRX) traded 0.2% higher against the dollar and now trades at $0.16 or 0.00000239 BTC.
• Tezos (XTZ) traded down 1.9% against the dollar and now trades at $0.67 or 0.00000992 BTC.
• Terra Classic (LUNC) traded 3.2% lower against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded down 1.7% against the dollar and now trades at $0.37 or 0.00000546 BTC.
• GXChain (GXC) traded down 1.4% against the dollar and now trades at $0.36 or 0.00000539 BTC.
• Adshares (ADS) traded 2% lower against the dollar and now trades at $0.22 or 0.00000330 BTC.
• BitShares (BTS) traded 0.6% lower against the dollar and now trades at $0.0016 or 0.00000002 BTC.

Terra Coin Profile

Terra (LUNA) uses the hashing algorithm. Its launch 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. Terra’s official message board is medium.com/terra-money. The Reddit community for Terra is https://reddit.com/r/terraluna and the currency’s Github account can be viewed here. 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 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 GDAX, Gemini 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