Terra (LUNA) Price Hits $0.50 on Major Exchanges

Terra (LUNA) traded up 0.9% against the US dollar during the 24 hour period ending at 18:00 PM Eastern on June 15th. During the last seven days, Terra has traded 10.7% lower against the US dollar. Terra has a market capitalization of $380.58 million and approximately $17.47 million worth of Terra was traded on exchanges in the last day. One Terra coin can now be bought for approximately $0.50 or 0.00000750 BTC on cryptocurrency exchanges.

Here’s how other cryptocurrencies have performed during the last day:

  • TRON (TRX) traded 1% lower against the dollar and now trades at $0.12 or 0.00000174 BTC.
  • Tezos (XTZ) traded down 0.4% against the dollar and now trades at $0.82 or 0.00001234 BTC.
  • Terra Classic (LUNC) traded up 1.4% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
  • aelf (ELF) traded down 2.4% against the dollar and now trades at $0.41 or 0.00000624 BTC.
  • GXChain (GXC) traded up 0.1% against the dollar and now trades at $0.38 or 0.00000579 BTC.
  • Adshares (ADS) traded 0.6% lower against the dollar and now trades at $0.46 or 0.00000689 BTC.
  • BitShares (BTS) traded down 0.2% against the dollar and now trades at $0.0028 or 0.00000004 BTC.

About Terra

LUNA uses the hashing algorithm. It launched on May 27th, 2022. Terra’s total supply is 1,186,707,049 coins and its circulating supply is 768,300,165 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 Reddit community for Terra is https://reddit.com/r/terraluna and the currency’s Github account can be viewed 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 currently possible to buy alternative cryptocurrencies such as Terra directly using U.S. dollars. Investors seeking to acquire Terra should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Changelly or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Terra using one of the aforementioned exchanges.

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