Terra Price Reaches $0.32 on Exchanges (LUNA)

Terra (LUNA) traded 0.5% higher against the US dollar during the 1-day period ending at 20:00 PM E.T. on August 17th. Over the last week, Terra has traded down 11.9% against the US dollar. One Terra coin can now be purchased for $0.32 or 0.00000532 BTC on popular exchanges. Terra has a market capitalization of $260.61 million and $13.17 million worth of Terra was traded on exchanges in the last 24 hours.

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

• TRON (TRX) traded up 0.6% against the dollar and now trades at $0.13 or 0.00000227 BTC.
• Tezos (XTZ) traded 1% higher against the dollar and now trades at $0.66 or 0.00001103 BTC.
• Terra Classic (LUNC) traded up 1% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded 0.7% higher against the dollar and now trades at $0.39 or 0.00000649 BTC.
• GXChain (GXC) traded 0.9% higher against the dollar and now trades at $0.37 or 0.00000627 BTC.
• Adshares (ADS) traded 0.5% higher against the dollar and now trades at $0.22 or 0.00000371 BTC.
• BitShares (BTS) traded 1.9% higher against the dollar and now trades at $0.0018 or 0.00000003 BTC.

Terra Profile

LUNA uses the hashing algorithm. Its launch date was May 27th, 2022. Terra’s total supply is 1,186,707,049 coins and its circulating supply is 825,004,160 coins. Terra’s official Twitter account is @terra_money and its Facebook page is accessible here. The official website for Terra is terra.money. 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.

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 buy alternative cryptocurrencies such as Terra directly using U.S. dollars. Investors seeking to trade Terra should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, Coinbase or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Terra using one of the aforementioned exchanges.

LUNA/USD price chart by TradingView