Terra Trading Up 2.3% Over Last Week (LUNA)

Terra (LUNA) traded 0.5% higher against the U.S. dollar during the 1-day period ending at 7:00 AM Eastern on October 21st. One Terra coin can now be bought for about $0.38 or 0.00000551 BTC on exchanges. Over the last seven days, Terra has traded 2.3% higher against the U.S. dollar. Terra has a market capitalization of $267.08 million and $32.62 million worth of Terra was traded on exchanges in the last 24 hours.

Here’s how related cryptocurrencies have performed over the last 24 hours:

• TRON (TRX) traded 0.6% higher against the dollar and now trades at $0.16 or 0.00000230 BTC.
• Tezos (XTZ) traded 0% higher against the dollar and now trades at $0.70 or 0.00001020 BTC.
• Terra Classic (LUNC) traded 1.1% higher against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded 1% lower against the dollar and now trades at $0.38 or 0.00000559 BTC.
• GXChain (GXC) traded down 5% against the dollar and now trades at $0.35 or 0.00000507 BTC.
• Adshares (ADS) traded 37.1% higher against the dollar and now trades at $0.23 or 0.00000337 BTC.
• BitShares (BTS) traded down 4.6% against the dollar and now trades at $0.0016 or 0.00000002 BTC.

Terra Profile

Terra (LUNA) uses the hashing algorithm. It was first traded on May 27th, 2022. Terra’s total supply is 1,186,707,049 coins and its circulating supply is 709,984,438 coins. 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. 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.”

Buying and Selling Terra

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, Gemini 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