Terra Price Reaches $0.54 (LUNA)

Terra (LUNA) traded 8.4% lower against the U.S. dollar during the 24 hour period ending at 11:00 AM E.T. on June 11th. One Terra coin can currently be bought for $0.54 or 0.00000808 BTC on popular cryptocurrency exchanges. During the last week, Terra has traded 16.4% lower against the U.S. dollar. Terra has a market cap of $410.27 million and $33.20 million worth of Terra was traded on exchanges in the last 24 hours.

Here’s how related 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 0% lower against the dollar and now trades at $0.12 or 0.00000176 BTC.
• Tezos (XTZ) traded down 6.7% against the dollar and now trades at $0.80 or 0.00001210 BTC.
• Terra Classic (LUNC) traded 8.2% lower against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded down 6.7% against the dollar and now trades at $0.42 or 0.00000635 BTC.
• GXChain (GXC) traded down 2.6% against the dollar and now trades at $0.40 or 0.00000600 BTC.
• Adshares (ADS) traded 0.4% lower against the dollar and now trades at $0.46 or 0.00000697 BTC.
• BitShares (BTS) traded down 2.8% against the dollar and now trades at $0.0029 or 0.00000004 BTC.

Terra Coin Profile

LUNA uses the hashing algorithm. Its launch date was May 27th, 2022. Terra’s total supply is 1,186,707,049 coins and its circulating supply is 764,474,238 coins. The official message board for Terra 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 presently possible to buy alternative cryptocurrencies such as Terra directly using U.S. dollars. Investors seeking to acquire Terra should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, Gemini or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Terra using one of the aforementioned exchanges.

LUNA/USD price chart by TradingView