Terra Trading Down 34.4% This Week (LUNA)

Terra (LUNA) traded 5% lower against the dollar during the 1-day period ending at 23:00 PM ET on April 18th. During the last seven days, Terra has traded 34.4% lower against the dollar. Terra has a market cap of $405.12 million and $32.04 million worth of Terra was traded on exchanges in the last 24 hours. One Terra coin can now be purchased for approximately $0.57 or 0.00000939 BTC on popular exchanges.

Here is how other cryptocurrencies have performed during the last 24 hours:

• Belrium (BEL) traded flat against the dollar and now trades at $2.51 or 0.00009565 BTC.
• TRON (TRX) traded 3.2% lower against the dollar and now trades at $0.11 or 0.00000176 BTC.
• Tezos (XTZ) traded down 4.8% against the dollar and now trades at $0.91 or 0.00001505 BTC.
• Terra Classic (LUNC) traded 5.4% lower against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded up 0.9% against the dollar and now trades at $0.55 or 0.00000919 BTC.
• GXChain (GXC) traded up 1.8% against the dollar and now trades at $0.42 or 0.00000690 BTC.
• Adshares (ADS) traded down 0.8% against the dollar and now trades at $0.37 or 0.00000617 BTC.
• BitShares (BTS) traded up 0.2% against the dollar and now trades at $0.0030 or 0.00000005 BTC.

Terra Profile

Terra (CRYPTO:LUNA) uses the hashing algorithm. Its genesis date was May 27th, 2022. Terra’s total supply is 1,004,262,701 coins and its circulating supply is 715,297,972 coins. Terra’s official Twitter account is @terra_money and its Facebook page is accessible here. The Reddit community for Terra is https://reddit.com/r/terraluna and the currency’s Github account can be viewed here. The official message board for Terra is medium.com/terra-money. The official website for Terra 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 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, Coinbase 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