Terra (LUNA) Trading 5.8% Lower This Week

Terra (LUNA) traded 3.1% higher against the US dollar during the twenty-four hour period ending at 15:00 PM ET on September 7th. Terra has a market cap of $224.87 million and $26.05 million worth of Terra was traded on exchanges in the last 24 hours. One Terra coin can currently be purchased for approximately $0.33 or 0.00000600 BTC on major cryptocurrency exchanges. Over the last week, Terra has traded 5.8% lower against the US dollar.

Here is how similar cryptocurrencies have performed over the last 24 hours:

• TRON (TRX) traded up 2.4% against the dollar and now trades at $0.15 or 0.00000279 BTC.
• Tezos (XTZ) traded up 2.2% against the dollar and now trades at $0.61 or 0.00001119 BTC.
• Terra Classic (LUNC) traded up 2.4% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded up 1.2% against the dollar and now trades at $0.35 or 0.00000643 BTC.
• GXChain (GXC) traded down 6.4% against the dollar and now trades at $0.30 or 0.00000561 BTC.
• Adshares (ADS) traded down 1.9% against the dollar and now trades at $0.21 or 0.00000379 BTC.
• BitShares (BTS) traded 2.2% lower against the dollar and now trades at $0.0016 or 0.00000003 BTC.

About Terra

Terra (CRYPTO: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 690,419,882 coins. 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. 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.”

Terra Coin Trading

It is usually not possible to purchase alternative cryptocurrencies such as Terra directly using U.S. dollars. Investors seeking to acquire Terra should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Gemini or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Terra using one of the aforementioned exchanges.

LUNA/USD price chart by TradingView