Terra Trading 10.1% Higher Over Last Week (LUNA)

Terra (LUNA) traded 4.7% higher against the U.S. dollar during the 1-day period ending at 20:00 PM ET on May 8th. One Terra coin can currently be bought for approximately $0.62 or 0.00001003 BTC on cryptocurrency exchanges. In the last week, Terra has traded 10.1% higher against the U.S. dollar. Terra has a market capitalization of $451.54 million and approximately $132.61 million worth of Terra was traded on exchanges in the last day.

Here’s how related cryptocurrencies have performed in the last day:

• Belrium (BEL) traded flat against the dollar and now trades at $2.51 or 0.00009565 BTC.
• TRON (TRX) traded 1.8% higher against the dollar and now trades at $0.12 or 0.00000201 BTC.
• Tezos (XTZ) traded up 0.2% against the dollar and now trades at $0.92 or 0.00001502 BTC.
• Terra Classic (LUNC) traded 1.3% higher against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded 1.6% lower against the dollar and now trades at $0.54 or 0.00000877 BTC.
• GXChain (GXC) traded 3% lower against the dollar and now trades at $0.40 or 0.00000649 BTC.
• Adshares (ADS) traded up 1.7% against the dollar and now trades at $0.41 or 0.00000669 BTC.
• BitShares (BTS) traded 2.5% lower against the dollar and now trades at $0.0031 or 0.00000005 BTC.

Terra Profile

Terra (CRYPTO:LUNA) uses the hashing algorithm. It was first traded on May 27th, 2022. Terra’s total supply is 1,004,262,701 coins and its circulating supply is 733,897,464 coins. Terra’s official message board 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. The official website for Terra 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.”

Terra Coin Trading

It is usually not presently 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 GDAX, Coinbase or Gemini. 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