Terra (LUNA) Price Hits $0.61

Terra (LUNA) traded 8% lower against the dollar during the 1 day period ending at 22:00 PM Eastern on May 6th. One Terra coin can currently be bought for about $0.61 or 0.00000956 BTC on cryptocurrency exchanges. In the last seven days, Terra has traded up 3.4% against the dollar. Terra has a market capitalization of $446.76 million and approximately $47.31 million worth of Terra was traded on exchanges in the last day.

Here’s how related 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 down 1.8% against the dollar and now trades at $0.12 or 0.00000186 BTC.
• Tezos (XTZ) traded down 2.2% against the dollar and now trades at $0.94 or 0.00001480 BTC.
• Terra Classic (LUNC) traded down 10.6% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded down 0.7% against the dollar and now trades at $0.55 or 0.00000869 BTC.
• GXChain (GXC) traded down 4.9% against the dollar and now trades at $0.40 or 0.00000624 BTC.
• Adshares (ADS) traded up 1.2% against the dollar and now trades at $0.42 or 0.00000653 BTC.
• BitShares (BTS) traded 0.8% lower against the dollar and now trades at $0.0032 or 0.00000005 BTC.

Terra Coin Profile

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 732,219,910 coins. Terra’s official message board is medium.com/terra-money. The official website for Terra is 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.”

Terra Coin Trading

It is usually not possible to buy alternative cryptocurrencies such as Terra directly using U.S. dollars. Investors seeking to acquire Terra should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, Changelly or GDAX. 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