Terra (LUNA) Price Reaches $0.62 on Major Exchanges

Terra (LUNA) traded 1.4% lower against the U.S. dollar during the one day period ending at 15:00 PM ET on April 27th. One Terra coin can currently be bought for $0.62 or 0.00000975 BTC on popular cryptocurrency exchanges. Terra has a market capitalization of $446.80 million and approximately $24.64 million worth of Terra was traded on exchanges in the last day. Over the last week, Terra has traded down 7.6% against the U.S. dollar.

Here’s how similar cryptocurrencies have performed over the last day:

• Belrium (BEL) traded flat against the dollar and now trades at $2.51 or 0.00009565 BTC.
• TRON (TRX) traded 0.2% lower against the dollar and now trades at $0.12 or 0.00000189 BTC.
• Tezos (XTZ) traded 0% higher against the dollar and now trades at $1.01 or 0.00001593 BTC.
• Terra Classic (LUNC) traded 1.3% lower against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded up 4.1% against the dollar and now trades at $0.63 or 0.00000999 BTC.
• GXChain (GXC) traded 0.1% lower against the dollar and now trades at $0.40 or 0.00000630 BTC.
• Adshares (ADS) traded up 9.7% against the dollar and now trades at $0.41 or 0.00000654 BTC.
• BitShares (BTS) traded 1.8% higher against the dollar and now trades at $0.0034 or 0.00000005 BTC.

About Terra

Terra uses the hashing algorithm. Its launch date was May 27th, 2022. Terra’s total supply is 1,004,262,701 coins and its circulating supply is 723,950,847 coins. Terra’s official website is terra.money. The Reddit community for Terra is https://reddit.com/r/terraluna and the currency’s Github account can be viewed here. 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.

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 acquire Terra should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, Coinbase or GDAX. 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