Terra Price Hits $0.38 on Exchanges (LUNA)

Terra (LUNA) traded down 1.3% against the U.S. dollar during the twenty-four hour period ending at 15:00 PM Eastern on July 12th. During the last week, Terra has traded up 11.8% against the U.S. dollar. One Terra coin can currently be purchased for $0.38 or 0.00000648 BTC on popular cryptocurrency exchanges. Terra has a market cap of $299.07 million and $18.86 million worth of Terra was traded on exchanges in the last 24 hours.

Here’s how related cryptocurrencies have performed during the last 24 hours:

• TRON (TRX) traded up 1.3% against the dollar and now trades at $0.14 or 0.00000235 BTC.
• Tezos (XTZ) traded 0.1% lower against the dollar and now trades at $0.76 or 0.00001313 BTC.
• Terra Classic (LUNC) traded down 0.6% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded 1.3% lower against the dollar and now trades at $0.38 or 0.00000646 BTC.
• GXChain (GXC) traded up 13.2% against the dollar and now trades at $0.40 or 0.00000690 BTC.
• Adshares (ADS) traded down 0.6% against the dollar and now trades at $0.37 or 0.00000628 BTC.
• BitShares (BTS) traded down 2.2% against the dollar and now trades at $0.0020 or 0.00000003 BTC.

About Terra

Terra (CRYPTO:LUNA) uses the hashing algorithm. Its genesis date was May 27th, 2022. Terra’s total supply is 1,186,707,049 coins and its circulating supply is 792,305,509 coins. 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. The official website for Terra is 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.”

Terra Coin Trading

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

LUNA/USD price chart by TradingView