Terra (LUNA) Trading 13.5% Lower This Week

Terra (LUNA) traded 6.6% lower against the U.S. dollar during the twenty-four hour period ending at 14:00 PM Eastern on July 4th. In the last seven days, Terra has traded 13.5% lower against the U.S. dollar. Terra has a total market capitalization of $292.19 million and approximately $29.09 million worth of Terra was traded on exchanges in the last 24 hours. One Terra coin can now be bought for approximately $0.37 or 0.00000641 BTC on major cryptocurrency exchanges.

Here is how similar cryptocurrencies have performed in the last 24 hours:

• TRON (TRX) traded down 1.6% against the dollar and now trades at $0.13 or 0.00000218 BTC.
• Tezos (XTZ) traded down 7.9% against the dollar and now trades at $0.71 or 0.00001223 BTC.
• Terra Classic (LUNC) traded down 7.6% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded 6.6% lower against the dollar and now trades at $0.33 or 0.00000561 BTC.
• GXChain (GXC) traded 1.5% higher against the dollar and now trades at $0.36 or 0.00000620 BTC.
• Adshares (ADS) traded down 4.8% against the dollar and now trades at $0.37 or 0.00000629 BTC.
• BitShares (BTS) traded down 6.8% against the dollar and now trades at $0.0021 or 0.00000004 BTC.

About 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 785,095,903 coins. Terra’s official website is terra.money. 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.

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 possible to buy alternative cryptocurrencies such as Terra directly using US dollars. Investors seeking to acquire Terra should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, Changelly or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Terra using one of the exchanges listed above.

LUNA/USD price chart by TradingView