Terra (LUNA) Trading 11% Lower This Week

Terra (LUNA) traded down 0.7% against the dollar during the twenty-four hour period ending at 18:00 PM Eastern on April 19th. Terra has a total market cap of $437.89 million and approximately $20.01 million worth of Terra was traded on exchanges in the last 24 hours. In the last seven days, Terra has traded down 11% against the dollar. One Terra coin can currently be bought for $0.61 or 0.00000949 BTC on popular exchanges.

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

• Belrium (BEL) traded flat against the dollar and now trades at $2.51 or 0.00009565 BTC.
• TRON (TRX) traded 1.1% higher against the dollar and now trades at $0.11 or 0.00000172 BTC.
• Tezos (XTZ) traded up 1.1% against the dollar and now trades at $0.99 or 0.00001543 BTC.
• Terra Classic (LUNC) traded 0.5% lower against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded 1% higher against the dollar and now trades at $0.57 or 0.00000878 BTC.
• GXChain (GXC) traded down 5.3% against the dollar and now trades at $0.41 or 0.00000634 BTC.
• Adshares (ADS) traded up 13.9% against the dollar and now trades at $0.43 or 0.00000661 BTC.
• BitShares (BTS) traded 0.8% higher against the dollar and now trades at $0.0031 or 0.00000005 BTC.

About Terra

Terra (LUNA) uses the hashing algorithm. It launched on May 27th, 2022. Terra’s total supply is 1,004,262,701 coins and its circulating supply is 716,891,972 coins. 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. 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.

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 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