Terra Trading Down 2.4% Over Last 7 Days (LUNA)

Terra (LUNA) traded 3.2% higher against the US dollar during the 24 hour period ending at 11:00 AM Eastern on May 29th. Terra has a market capitalization of $463.91 million and approximately $35.88 million worth of Terra was traded on exchanges in the last day. During the last week, Terra has traded down 2.4% against the US dollar. One Terra coin can now be purchased for about $0.62 or 0.00000912 BTC on exchanges.

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

  • Belrium (BEL) traded flat against the dollar and now trades at $2.51 or 0.00009565 BTC.
  • TRON (TRX) traded 0.9% higher against the dollar and now trades at $0.11 or 0.00000166 BTC.
  • Tezos (XTZ) traded 1.1% higher against the dollar and now trades at $0.97 or 0.00001436 BTC.
  • Terra Classic (LUNC) traded up 3.7% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
  • aelf (ELF) traded up 0.7% against the dollar and now trades at $0.52 or 0.00000772 BTC.
  • GXChain (GXC) traded down 1.5% against the dollar and now trades at $0.40 or 0.00000598 BTC.
  • Adshares (ADS) traded up 4.4% against the dollar and now trades at $0.35 or 0.00000518 BTC.
  • BitShares (BTS) traded down 1% against the dollar and now trades at $0.0030 or 0.00000004 BTC.

Terra Profile

Terra (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 752,372,430 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. Terra’s official website 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.”

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 Changelly, Gemini or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Terra using one of the exchanges listed above.

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