Terra Price Tops $0.58 on Major Exchanges (LUNA)

Terra (LUNA) traded 5.1% higher against the US dollar during the twenty-four hour period ending at 17:00 PM ET on May 2nd. Over the last week, Terra has traded down 9.5% against the US dollar. One Terra coin can now be bought for about $0.58 or 0.00000984 BTC on cryptocurrency exchanges. Terra has a market capitalization of $425.12 million and $26.36 million worth of Terra was traded on exchanges in the last 24 hours.

Here’s how related cryptocurrencies have performed over the last 24 hours:

• Belrium (BEL) traded flat against the dollar and now trades at $2.51 or 0.00009565 BTC.
• TRON (TRX) traded 2.5% higher against the dollar and now trades at $0.12 or 0.00000207 BTC.
• Tezos (XTZ) traded up 3.4% against the dollar and now trades at $0.94 or 0.00001593 BTC.
• Terra Classic (LUNC) traded up 5.2% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded 6.5% higher against the dollar and now trades at $0.55 or 0.00000933 BTC.
• GXChain (GXC) traded 5.9% higher against the dollar and now trades at $0.39 or 0.00000662 BTC.
• Adshares (ADS) traded 1.3% higher against the dollar and now trades at $0.40 or 0.00000667 BTC.
• BitShares (BTS) traded up 3.5% against the dollar and now trades at $0.0032 or 0.00000005 BTC.

About Terra

Terra (CRYPTO: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 728,511,389 coins. The official message board for Terra is medium.com/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 website is terra.money. Terra’s official Twitter account is @terra_money and its Facebook page is accessible 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.”

Terra Coin Trading

It is usually not 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 GDAX, Changelly or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Terra using one of the aforementioned exchanges.

LUNA/USD price chart by TradingView