Terra (LUNA) Trading 17.1% Lower This Week

Terra (LUNA) traded 0.8% lower against the dollar during the 24-hour period ending at 16:00 PM E.T. on June 23rd. In the last week, Terra has traded down 17.1% against the dollar. One Terra coin can currently be purchased for approximately $1.91 or 0.00009131 BTC on major cryptocurrency exchanges. Terra has a total market capitalization of $238.65 million and approximately $119.17 million worth of Terra was traded on exchanges in the last day.

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

  • Tezos (XTZ) traded up 3.8% against the dollar and now trades at $1.42 or 0.00006760 BTC.
  • Terra Classic (LUNC) traded 0.8% higher against the dollar and now trades at $0.0001 or 0.00000000 BTC.
  • Decimal (DEL) traded 0.7% higher against the dollar and now trades at $0.10 or 0.00000485 BTC.
  • Dimension Chain (EON) traded flat against the dollar and now trades at $0.35 or 0.00001074 BTC.
  • Adshares (ADS) traded up 3.8% against the dollar and now trades at $1.97 or 0.00009410 BTC.
  • Apex (CPX) traded flat against the dollar and now trades at $0.0057 or 0.00000012 BTC.
  • Luna Coin (LUNA) traded up 21,229.2% against the dollar and now trades at $1.19 or 0.00004013 BTC.
  • Umbrella Network (UMB) traded 4.3% higher against the dollar and now trades at $0.0198 or 0.00000094 BTC.
  • Golos Blockchain (GLS) traded down 1.5% against the dollar and now trades at $0.0020 or 0.00000009 BTC.
  • Glasscoin (GLS) traded 1% higher against the dollar and now trades at $1.02 or 0.00004884 BTC.

About Terra

Terra (LUNA) uses the hashing algorithm. Its launch date was September 10th, 2018. Terra’s total supply is 1,004,262,701 coins and its circulating supply is 124,638,936 coins. Terra’s official Twitter account is @terra_money. Terra’s official message board is medium.com/terra-money. The official website for Terra is terra.money.

According to CryptoCompare, “Terra aims to build a new financial infrastructure that works better for everyone. The network is powered by a family of stablecoins, each pegged to major fiat currencies all algorithmically stabilized by Terra’s native token, Luna. Terra’s mission is to set money free by building open financial infrastructure. Luna, as the native staking asset from which the family of Terra stablecoins derives their stability, utility, and value, acts both as collateral for the entire Terra economy and as a staking token that secures the PoS network. Luna can be held and traded like a normal crypto asset, but can also be staked to accrue rewards in the network generated from transaction fees. Luna can also be used to make and vote on governance proposals. The family of Terra stablecoins is designed to achieve stability through consistent mining rewards with a contracting and expanding money supply. For example, if the system has detected that the price of a Terra currency has deviated from its peg, it applies pressure to normalize the price. Currently, the family of Terra stablecoins includes: KRT (Terra stablecoin pegged to Korean Won), UST (Terra stablecoin pegged to US Dollar), MNT (Terra stablecoin pegged to Mongolian Togrog), SDR (Terra stablecoin pegged to IMF SDR), with more being added in the future. “

Terra Coin Trading

It is usually not presently 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, GDAX or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Terra using one of the aforementioned exchanges.

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