Terra (LUNA) Price Reaches $0.56 on Top Exchanges

Terra (LUNA) traded down 6.2% against the U.S. dollar during the 1-day period ending at 18:00 PM ET on April 30th. During the last week, Terra has traded down 16.8% against the U.S. dollar. Terra has a market capitalization of $406.56 million and $30.57 million worth of Terra was traded on exchanges in the last day. One Terra coin can now be purchased for about $0.56 or 0.00000921 BTC on cryptocurrency exchanges.

Here’s how related 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% higher against the dollar and now trades at $0.12 or 0.00000196 BTC.
• Tezos (XTZ) traded down 6.7% against the dollar and now trades at $0.92 or 0.00001514 BTC.
• Terra Classic (LUNC) traded down 4.6% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded down 6% against the dollar and now trades at $0.55 or 0.00000909 BTC.
• GXChain (GXC) traded 0.2% lower against the dollar and now trades at $0.40 or 0.00000659 BTC.
• Adshares (ADS) traded 1.9% lower against the dollar and now trades at $0.41 or 0.00000668 BTC.
• BitShares (BTS) traded 0.4% lower against the dollar and now trades at $0.0031 or 0.00000005 BTC.

About Terra

Terra uses the hashing algorithm. It was first traded on May 27th, 2022. Terra’s total supply is 1,004,262,701 coins and its circulating supply is 726,735,042 coins. Terra’s official message board is medium.com/terra-money. Terra’s official website 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 possible to purchase alternative cryptocurrencies such as Terra directly using U.S. dollars. Investors seeking to trade Terra should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Gemini or Coinbase. 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