Terra (LUNA) Price Hits $0.59

Terra (LUNA) traded down 2.7% against the US dollar during the 24 hour period ending at 21:00 PM ET on May 7th. Terra has a total market cap of $433.45 million and approximately $23.18 million worth of Terra was traded on exchanges in the last 24 hours. Over the last week, Terra has traded up 8.2% against the US dollar. One Terra coin can now be purchased for $0.59 or 0.00000944 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 2.2% higher against the dollar and now trades at $0.12 or 0.00000194 BTC.
• Tezos (XTZ) traded 2.1% lower against the dollar and now trades at $0.92 or 0.00001474 BTC.
• Terra Classic (LUNC) traded down 3.7% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded down 1.2% against the dollar and now trades at $0.54 or 0.00000869 BTC.
• GXChain (GXC) traded 1.8% lower against the dollar and now trades at $0.41 or 0.00000656 BTC.
• Adshares (ADS) traded 3.8% lower against the dollar and now trades at $0.40 or 0.00000644 BTC.
• BitShares (BTS) traded down 3.6% against the dollar and now trades at $0.0031 or 0.00000005 BTC.

Terra Profile

Terra uses the hashing algorithm. It was first traded on May 27th, 2022. Terra’s total supply is 1,004,262,701 coins and its circulating supply is 733,089,344 coins. Terra’s official message board is medium.com/terra-money. The official website for Terra 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.

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 currently possible to purchase alternative cryptocurrencies such as Terra directly using US dollars. Investors seeking to trade Terra should first purchase Bitcoin or Ethereum using an exchange that deals in US 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