Terra (LUNA) Trading Up 6.3% Over Last 7 Days

Terra (LUNA) traded up 3% against the US dollar during the twenty-four hour period ending at 11:00 AM E.T. on January 17th. One Terra coin can currently be bought for about $0.43 or 0.00000414 BTC on exchanges. Terra has a market cap of $308.12 million and $40.04 million worth of Terra was traded on exchanges in the last day. Over the last seven days, Terra has traded up 6.3% against the US dollar.

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

• TRON (TRX) traded 3.7% higher against the dollar and now trades at $0.25 or 0.00000237 BTC.
• Tezos (XTZ) traded 2.1% higher against the dollar and now trades at $1.42 or 0.00001350 BTC.
• Terra Classic (LUNC) traded 2.7% higher against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded up 0.1% against the dollar and now trades at $0.46 or 0.00000437 BTC.
• GXChain (GXC) traded 3% lower against the dollar and now trades at $0.35 or 0.00000332 BTC.
• Adshares (ADS) traded 1.3% lower against the dollar and now trades at $0.66 or 0.00000634 BTC.
• BitShares (BTS) traded up 18.8% against the dollar and now trades at $0.0013 or 0.00000001 BTC.

Terra Coin Profile

Terra (CRYPTO: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. 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. Terra’s official Twitter account is @terra_money and its Facebook page is accessible here. Terra’s official website 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 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 Coinbase, Gemini or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Terra using one of the exchanges listed above.

LUNA/USD price chart by TradingView