Terra Trading 11% Lower Over Last Week (LUNA)

Terra (LUNA) traded 1.3% lower against the U.S. dollar during the 1 day period ending at 21:00 PM Eastern on April 29th. Terra has a market cap of $433.45 million and approximately $23.55 million worth of Terra was traded on exchanges in the last day. Over the last seven days, Terra has traded 11% lower against the U.S. dollar. One Terra coin can now be bought for approximately $0.60 or 0.00000929 BTC on popular cryptocurrency exchanges.

Here’s how similar cryptocurrencies have performed over the last day:

• Belrium (BEL) traded flat against the dollar and now trades at $2.51 or 0.00009565 BTC.
• TRON (TRX) traded down 1.6% against the dollar and now trades at $0.12 or 0.00000186 BTC.
• Tezos (XTZ) traded down 1.4% against the dollar and now trades at $0.99 or 0.00001534 BTC.
• Terra Classic (LUNC) traded 0.2% lower against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded up 5.3% against the dollar and now trades at $0.65 or 0.00001008 BTC.
• GXChain (GXC) traded 6.3% higher against the dollar and now trades at $0.42 or 0.00000661 BTC.
• Adshares (ADS) traded down 2.6% against the dollar and now trades at $0.41 or 0.00000644 BTC.
• BitShares (BTS) traded 3% lower against the dollar and now trades at $0.0032 or 0.00000005 BTC.

Terra Coin Profile

Terra (CRYPTO:LUNA) uses the hashing algorithm. It launched on May 27th, 2022. Terra’s total supply is 1,004,262,701 coins and its circulating supply is 725,930,638 coins. 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. The official website for Terra is 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.”

Terra Coin Trading

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

LUNA/USD price chart by TradingView