Terra (LUNA) Price Hits $0.37

Terra (LUNA) traded down 4% against the US dollar during the one day period ending at 13:00 PM Eastern on October 8th. Terra has a market cap of $260.68 million and $51.96 million worth of Terra was traded on exchanges in the last day. In the last week, Terra has traded down 7.2% against the US dollar. One Terra coin can now be purchased for approximately $0.37 or 0.00000587 BTC on popular exchanges.

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

• TRON (TRX) traded 1.1% higher against the dollar and now trades at $0.16 or 0.00000253 BTC.
• Tezos (XTZ) traded 3.1% lower against the dollar and now trades at $0.66 or 0.00001056 BTC.
• Terra Classic (LUNC) traded 3.3% lower against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded 1.9% lower against the dollar and now trades at $0.37 or 0.00000596 BTC.
• GXChain (GXC) traded down 1.2% against the dollar and now trades at $0.34 or 0.00000540 BTC.
• Adshares (ADS) traded 0.1% lower against the dollar and now trades at $0.21 or 0.00000332 BTC.
• BitShares (BTS) traded 2.4% lower against the dollar and now trades at $0.0019 or 0.00000003 BTC.

Terra Profile

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 709,984,438 coins. 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. The official website for Terra is terra.money. The official message board for Terra is medium.com/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.”

Buying and Selling Terra

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

LUNA/USD price chart by TradingView