Terra (LUNA) Price Down 31.3% This Week

Terra (LUNA) traded down 1% against the US dollar during the 24-hour period ending at 21:00 PM Eastern on April 17th. One Terra coin can now be purchased for $0.59 or 0.00000967 BTC on popular exchanges. In the last seven days, Terra has traded down 31.3% against the US dollar. Terra has a total market capitalization of $425.01 million and $33.87 million worth of Terra was traded on exchanges in the last 24 hours.

Here is how other cryptocurrencies have performed in the last 24 hours:

• Belrium (BEL) traded flat against the dollar and now trades at $2.51 or 0.00009565 BTC.
• TRON (TRX) traded down 2.4% against the dollar and now trades at $0.11 or 0.00000178 BTC.
• Tezos (XTZ) traded 3.6% lower against the dollar and now trades at $0.95 or 0.00001548 BTC.
• Terra Classic (LUNC) traded down 1.6% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded down 2.1% against the dollar and now trades at $0.55 or 0.00000892 BTC.
• GXChain (GXC) traded down 0.9% against the dollar and now trades at $0.41 or 0.00000664 BTC.
• Adshares (ADS) traded down 0.1% against the dollar and now trades at $0.37 or 0.00000610 BTC.
• BitShares (BTS) traded down 0.4% against the dollar and now trades at $0.0030 or 0.00000005 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 715,218,607 coins. The official website for Terra is 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. Terra’s official message board is medium.com/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.”

Buying and Selling Terra

It is usually not presently possible to buy alternative cryptocurrencies such as Terra directly using US dollars. Investors seeking to trade Terra should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Changelly or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Terra using one of the exchanges listed above.

LUNA/USD price chart by TradingView