Terra Price Up 5.7% This Week (LUNA)

Terra (LUNA) traded 0.3% higher against the dollar during the 1 day period ending at 10:00 AM E.T. on January 5th. Terra has a total market cap of $328.72 million and approximately $25.03 million worth of Terra was traded on exchanges in the last 24 hours. One Terra coin can now be purchased for about $0.46 or 0.00000472 BTC on exchanges. Over the last week, Terra has traded up 5.7% against the dollar.

Here’s how other cryptocurrencies have performed over the last 24 hours:

• TRON (TRX) traded down 2.4% against the dollar and now trades at $0.26 or 0.00000268 BTC.
• Tezos (XTZ) traded 2.6% higher against the dollar and now trades at $1.44 or 0.00001472 BTC.
• Terra Classic (LUNC) traded down 0.9% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded 2.7% higher against the dollar and now trades at $0.50 or 0.00000505 BTC.
• GXChain (GXC) traded 1.2% higher against the dollar and now trades at $0.41 or 0.00000420 BTC.
• Adshares (ADS) traded up 0.1% against the dollar and now trades at $0.73 or 0.00000744 BTC.
• BitShares (BTS) traded 8.3% higher against the dollar and now trades at $0.0018 or 0.00000002 BTC.

About Terra

Terra 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 Twitter account is @terra_money and its Facebook page is accessible here. The official message board for Terra is medium.com/terra-money. The official website for Terra 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 buy alternative cryptocurrencies such as Terra directly using U.S. dollars. Investors seeking to trade Terra should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, Coinbase or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Terra using one of the exchanges listed above.

LUNA/USD price chart by TradingView