Terra (LUNA) Price Hits $0.38

Terra (LUNA) traded 2.3% lower against the dollar during the 24 hour period ending at 0:00 AM Eastern on September 16th. Over the last seven days, Terra has traded 4.9% higher against the dollar. One Terra coin can now be bought for $0.38 or 0.00000652 BTC on major exchanges. Terra has a total market capitalization of $264.81 million and approximately $33.98 million worth of Terra was traded on exchanges in the last day.

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

• TRON (TRX) traded up 0.9% against the dollar and now trades at $0.15 or 0.00000257 BTC.
• Tezos (XTZ) traded 0.2% higher against the dollar and now trades at $0.63 or 0.00001082 BTC.
• Terra Classic (LUNC) traded 1.4% lower against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded down 0.4% against the dollar and now trades at $0.35 or 0.00000607 BTC.
• GXChain (GXC) traded down 1.9% against the dollar and now trades at $0.29 or 0.00000505 BTC.
• Adshares (ADS) traded 0.5% lower against the dollar and now trades at $0.20 or 0.00000339 BTC.
• BitShares (BTS) traded 2.6% lower against the dollar and now trades at $0.0018 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 698,302,616 coins. 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. Terra’s official Twitter account is @terra_money and its Facebook page is accessible 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 presently possible to buy alternative cryptocurrencies such as Terra directly using US dollars. Investors seeking to acquire Terra should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, GDAX or Gemini. 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