Terra Trading Up 2.8% Over Last Week (LUNA)

Terra (LUNA) traded up 2.1% against the U.S. dollar during the one day period ending at 20:00 PM E.T. on May 24th. One Terra coin can currently be purchased for approximately $0.61 or 0.00000890 BTC on cryptocurrency exchanges. Over the last week, Terra has traded up 2.8% against the U.S. dollar. Terra has a total market cap of $456.30 million and approximately $35.95 million worth of Terra was traded on exchanges in the last 24 hours.

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

• Belrium (BEL) traded flat against the dollar and now trades at $2.51 or 0.00009565 BTC.
• TRON (TRX) traded up 0.2% against the dollar and now trades at $0.12 or 0.00000168 BTC.
• Tezos (XTZ) traded 4.1% higher against the dollar and now trades at $0.98 or 0.00001436 BTC.
• Terra Classic (LUNC) traded up 0.4% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded up 0.6% against the dollar and now trades at $0.52 or 0.00000764 BTC.
• GXChain (GXC) traded up 2.8% against the dollar and now trades at $0.41 or 0.00000603 BTC.
• Adshares (ADS) traded up 1.4% against the dollar and now trades at $0.39 or 0.00000571 BTC.
• BitShares (BTS) traded 2.6% higher against the dollar and now trades at $0.0032 or 0.00000005 BTC.

About Terra

Terra (LUNA) uses the hashing algorithm. Its launch date was May 27th, 2022. Terra’s total supply is 1,004,262,701 coins and its circulating supply is 748,211,738 coins. Terra’s official website is terra.money. The Reddit community for Terra is https://reddit.com/r/terraluna and the currency’s Github account can be viewed here. 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.

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.”

Terra Coin Trading

It is usually not presently possible to purchase alternative cryptocurrencies such as Terra directly using US dollars. Investors seeking to trade Terra should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, GDAX 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