Terra (LUNA) Price Up 4.2% This Week

Terra (LUNA) traded 0.7% lower against the US dollar during the one day period ending at 12:00 PM E.T. on April 25th. Terra has a total market cap of $457.20 million and $29.14 million worth of Terra was traded on exchanges in the last 24 hours. One Terra coin can now be purchased for about $0.63 or 0.00000987 BTC on major exchanges. During the last seven days, Terra has traded up 4.2% against the US dollar.

Here is how similar 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 2.9% higher against the dollar and now trades at $0.12 or 0.00000182 BTC.
• Tezos (XTZ) traded down 0.1% against the dollar and now trades at $1.02 or 0.00001587 BTC.
• Terra Classic (LUNC) traded 0.2% lower against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded 2.6% higher against the dollar and now trades at $0.60 or 0.00000943 BTC.
• GXChain (GXC) traded down 5.3% against the dollar and now trades at $0.40 or 0.00000619 BTC.
• Adshares (ADS) traded 0.4% higher against the dollar and now trades at $0.44 or 0.00000679 BTC.
• BitShares (BTS) traded 2.3% higher against the dollar and now trades at $0.0034 or 0.00000005 BTC.

Terra Profile

LUNA uses the hashing algorithm. It launched on May 27th, 2022. Terra’s total supply is 1,004,262,701 coins and its circulating supply is 722,031,608 coins. Terra’s official Twitter account is @terra_money and its Facebook page is accessible here. 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.

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 currently possible to purchase alternative cryptocurrencies such as Terra directly using US dollars. Investors seeking to trade Terra should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, GDAX or Gemini. 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