Terra (LUNA) Trading Up 0.3% This Week

Terra (LUNA) traded up 6.7% against the dollar during the 24 hour period ending at 8:00 AM E.T. on June 14th. Terra has a market cap of $118.51 million and $25.01 million worth of Terra was traded on exchanges in the last day. During the last seven days, Terra has traded up 0.3% against the dollar. One Terra coin can now be bought for about $0.17 or 0.00000159 BTC on exchanges.

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

• TRON (TRX) traded down 1.3% against the dollar and now trades at $0.27 or 0.00000257 BTC.
• Tezos (XTZ) traded 2.1% higher against the dollar and now trades at $0.57 or 0.00000542 BTC.
• Terra Classic (LUNC) traded 9% higher against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded down 1.5% against the dollar and now trades at $0.21 or 0.00000198 BTC.
• GXChain (GXC) traded 8% lower against the dollar and now trades at $0.31 or 0.00000299 BTC.
• Adshares (ADS) traded up 1.3% against the dollar and now trades at $0.48 or 0.00000460 BTC.
• BitShares (BTS) traded 0.3% higher against the dollar and now trades at $0.0012 or 0.00000001 BTC.

About Terra

Terra 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 709,984,438 coins. The Reddit community for Terra is https://reddit.com/r/terraluna and the currency’s Github account can be viewed here. The official message board for Terra is medium.com/terra-money. The official website for Terra is terra.money. 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.”

Buying and Selling Terra

It is usually not currently 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 GDAX, Gemini or Coinbase. 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