Terra Price Hits $1.13 on Major Exchanges (LUNA)

Terra (LUNA) traded up 3.2% against the US dollar during the twenty-four hour period ending at 22:00 PM Eastern on March 28th. Over the last week, Terra has traded 20.1% higher against the US dollar. Terra has a total market cap of $785.88 million and approximately $93.37 million worth of Terra was traded on exchanges in the last 24 hours. One Terra coin can currently be purchased for about $1.13 or 0.00001590 BTC on major exchanges.

Here is how similar cryptocurrencies have performed over the last 24 hours:

• Belrium (BEL) traded flat against the dollar and now trades at $2.51 or 0.00009565 BTC.
• TRON (TRX) traded 0.9% higher against the dollar and now trades at $0.12 or 0.00000170 BTC.
• Tezos (XTZ) traded 4.1% higher against the dollar and now trades at $1.41 or 0.00001992 BTC.
• Terra Classic (LUNC) traded up 4% against the dollar and now trades at $0.0002 or 0.00000000 BTC.
• aelf (ELF) traded 4.3% higher against the dollar and now trades at $0.66 or 0.00000934 BTC.
• GXChain (GXC) traded 1.3% lower against the dollar and now trades at $0.50 or 0.00000703 BTC.
• Adshares (ADS) traded 5% higher against the dollar and now trades at $0.51 or 0.00000722 BTC.
• BitShares (BTS) traded up 0.7% against the dollar and now trades at $0.0041 or 0.00000006 BTC.

Terra Coin Profile

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 697,410,649 coins. Terra’s official website is terra.money. Terra’s official Twitter account is @terra_money and its Facebook page is accessible here. 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.

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

LUNA/USD price chart by TradingView