Terra (LUNA) Trading 12.6% Lower Over Last Week

Terra (LUNA) traded up 0.6% against the dollar during the 24 hour period ending at 13:00 PM Eastern on August 2nd. Over the last seven days, Terra has traded 12.6% lower against the dollar. Terra has a market capitalization of $288.72 million and $25.76 million worth of Terra was traded on exchanges in the last day. One Terra coin can currently be purchased for about $0.36 or 0.00000564 BTC on popular exchanges.

Here is how related cryptocurrencies have performed over the last day:

• TRON (TRX) traded down 3.3% against the dollar and now trades at $0.12 or 0.00000195 BTC.
• Tezos (XTZ) traded 0.1% higher against the dollar and now trades at $0.69 or 0.00001099 BTC.
• Terra Classic (LUNC) traded up 1.6% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded 23.6% higher against the dollar and now trades at $0.44 or 0.00000697 BTC.
• GXChain (GXC) traded up 11.6% against the dollar and now trades at $0.41 or 0.00000645 BTC.
• Adshares (ADS) traded down 3.7% against the dollar and now trades at $0.26 or 0.00000412 BTC.
• BitShares (BTS) traded 0.9% lower against the dollar and now trades at $0.0020 or 0.00000003 BTC.

About Terra

Terra (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 811,035,407 coins. Terra’s official Twitter account is @terra_money and its Facebook page is accessible here. 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 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.”

Terra Coin Trading

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

LUNA/USD price chart by TradingView