Terra (LUNA) Trading Down 3% This Week

Terra (LUNA) traded 4.9% higher against the US dollar during the 1-day period ending at 17:00 PM Eastern on October 11th. Terra has a market capitalization of $258.24 million and $19.13 million worth of Terra was traded on exchanges in the last day. Over the last week, Terra has traded down 3% against the US dollar. One Terra coin can currently be purchased for about $0.36 or 0.00000577 BTC on major exchanges.

Here is how similar cryptocurrencies have performed over the last day:

• TRON (TRX) traded up 0.8% against the dollar and now trades at $0.16 or 0.00000254 BTC.
• Tezos (XTZ) traded 6.3% higher against the dollar and now trades at $0.68 or 0.00001083 BTC.
• Terra Classic (LUNC) traded up 4.6% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded up 3.6% against the dollar and now trades at $0.38 or 0.00000596 BTC.
• GXChain (GXC) traded 0.7% higher against the dollar and now trades at $0.33 or 0.00000527 BTC.
• Adshares (ADS) traded up 0.6% against the dollar and now trades at $0.21 or 0.00000326 BTC.
• BitShares (BTS) traded 3% higher against the dollar and now trades at $0.0018 or 0.00000003 BTC.

About Terra

Terra (LUNA) uses the hashing algorithm. Its genesis date was May 27th, 2022. Terra’s total supply is 1,186,707,049 coins and its circulating supply is 709,984,438 coins. The official website for Terra is terra.money. 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.

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 acquire Terra should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, Changelly or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Terra using one of the exchanges listed above.

LUNA/USD price chart by TradingView