Terra Trading Down 15.1% This Week (LUNA)

Terra (LUNA) traded 10.7% higher against the US dollar during the 1 day period ending at 11:00 AM E.T. on December 24th. In the last week, Terra has traded 15.1% lower against the US dollar. Terra has a market capitalization of $319.56 million and approximately $40.75 million worth of Terra was traded on exchanges in the last 24 hours. One Terra coin can currently be purchased for $0.45 or 0.00000462 BTC on major exchanges.

Here’s how similar cryptocurrencies have performed in the last 24 hours:

• TRON (TRX) traded 3.5% higher against the dollar and now trades at $0.26 or 0.00000263 BTC.
• Tezos (XTZ) traded 13.8% higher against the dollar and now trades at $1.45 or 0.00001493 BTC.
• Terra Classic (LUNC) traded 7.9% higher against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded 4.3% higher against the dollar and now trades at $0.49 or 0.00000501 BTC.
• GXChain (GXC) traded 4.3% higher against the dollar and now trades at $0.42 or 0.00000431 BTC.
• Adshares (ADS) traded 0.3% lower against the dollar and now trades at $0.76 or 0.00000777 BTC.
• BitShares (BTS) traded 2% lower against the dollar and now trades at $0.0016 or 0.00000002 BTC.

Terra Coin Profile

Terra (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 709,984,438 coins. The official website for Terra is terra.money. Terra’s official Twitter account is @terra_money and its Facebook page is accessible here. 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.”

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 Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, GDAX or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Terra using one of the aforementioned exchanges.

LUNA/USD price chart by TradingView