Terra (LUNA) Trading 13.7% Higher This Week

Terra (LUNA) traded 4.3% lower against the dollar during the 1 day period ending at 11:00 AM Eastern on August 27th. Terra has a market cap of $307.75 million and approximately $35.19 million worth of Terra was traded on exchanges in the last day. One Terra coin can now be bought for about $0.37 or 0.00000598 BTC on major exchanges. Over the last week, Terra has traded up 13.7% against the dollar.

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

• TRON (TRX) traded 2.1% lower against the dollar and now trades at $0.16 or 0.00000262 BTC.
• Tezos (XTZ) traded 2.6% lower against the dollar and now trades at $0.70 or 0.00001134 BTC.
• Terra Classic (LUNC) traded 4% lower against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded down 2.2% against the dollar and now trades at $0.39 or 0.00000634 BTC.
• GXChain (GXC) traded down 6% against the dollar and now trades at $0.37 or 0.00000599 BTC.
• Adshares (ADS) traded down 1.2% against the dollar and now trades at $0.23 or 0.00000370 BTC.
• BitShares (BTS) traded up 0.2% against the dollar and now trades at $0.0018 or 0.00000003 BTC.

Terra Profile

Terra (LUNA) uses the hashing algorithm. Its genesis date was May 27th, 2022. Terra’s total supply is 1,186,707,049 coins and its circulating supply is 833,647,692 coins. Terra’s official website is terra.money. Terra’s official message board is medium.com/terra-money. Terra’s official Twitter account is @terra_money and its Facebook page is accessible here. 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.”

Terra Coin Trading

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