Terra Price Reaches $0.0624 (LUNA)

Terra (LUNA) traded up 1.2% against the U.S. dollar during the 1-day period ending at 10:00 AM Eastern on February 25th. Terra has a total market capitalization of $44.34 million and $10.20 million worth of Terra was traded on exchanges in the last 24 hours. One Terra coin can now be purchased for approximately $0.0624 or 0.00000094 BTC on exchanges. During the last seven days, Terra has traded down 3.2% against the U.S. dollar.

Here’s how similar cryptocurrencies have performed during the last 24 hours:

• TRON (TRX) traded 1.8% higher against the dollar and now trades at $0.29 or 0.00000431 BTC.
• Tezos (XTZ) traded 5.3% higher against the dollar and now trades at $0.39 or 0.00000582 BTC.
• Terra Classic (LUNC) traded up 4% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• aelf (ELF) traded up 1.2% against the dollar and now trades at $0.0764 or 0.00000115 BTC.
• GXChain (GXC) traded 0.2% lower against the dollar and now trades at $0.36 or 0.00000546 BTC.
• Adshares (ADS) traded up 4% against the dollar and now trades at $0.55 or 0.00000834 BTC.
• BitShares (BTS) traded down 0.2% against the dollar and now trades at $0.0011 or 0.00000002 BTC.

Terra Coin Profile

LUNA uses the hashing algorithm. It launched on May 27th, 2022. Terra’s total supply is 1,186,707,049 coins and its circulating supply is 709,984,438 coins. Terra’s official message board is medium.com/terra-money. The official website for Terra is terra.money. 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.

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 buy alternative cryptocurrencies such as Terra directly using U.S. dollars. Investors seeking to trade Terra should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, GDAX or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Terra using one of the exchanges listed above.

LUNA/USD price chart by TradingView