Terra Trading 10.8% Lower Over Last 7 Days (LUNA)

Terra (LUNA) traded 2.3% higher against the U.S. dollar during the 24-hour period ending at 17:00 PM ET on June 9th. In the last seven days, Terra has traded 10.8% lower against the U.S. dollar. One Terra coin can currently be bought for $0.57 or 0.00000820 BTC on major exchanges. Terra has a total market capitalization of $436.15 million and approximately $16.82 million worth of Terra was traded on exchanges in the last day.

Here is how similar cryptocurrencies have performed in the last day:

• Belrium (BEL) traded flat against the dollar and now trades at $2.51 or 0.00009565 BTC.
• TRON (TRX) traded up 1.6% against the dollar and now trades at $0.12 or 0.00000168 BTC.
• Tezos (XTZ) traded 3.2% higher against the dollar and now trades at $0.85 or 0.00001224 BTC.
• Terra Classic (LUNC) traded 3.4% higher against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded 0.7% higher against the dollar and now trades at $0.46 or 0.00000662 BTC.
• GXChain (GXC) traded 0.1% lower against the dollar and now trades at $0.40 or 0.00000569 BTC.
• Adshares (ADS) traded down 0% against the dollar and now trades at $0.47 or 0.00000679 BTC.
• BitShares (BTS) traded down 1.3% against the dollar and now trades at $0.0029 or 0.00000004 BTC.

Terra Profile

Terra (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 762,914,814 coins. Terra’s official website is terra.money. 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 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.”

Buying and Selling Terra

It is usually not presently possible to purchase alternative cryptocurrencies such as Terra directly using U.S. dollars. Investors seeking to acquire Terra should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, GDAX or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Terra using one of the aforementioned exchanges.

LUNA/USD price chart by TradingView