Terra (LUNA) Price Reaches $0.30 on Major Exchanges

Terra (LUNA) traded 2.1% lower against the US dollar during the twenty-four hour period ending at 14:00 PM E.T. on August 7th. Terra has a total market cap of $248.71 million and approximately $23.40 million worth of Terra was traded on exchanges in the last 24 hours. One Terra coin can currently be bought for $0.30 or 0.00000551 BTC on popular cryptocurrency exchanges. In the last seven days, Terra has traded down 23.1% against the US dollar.

Here is how related cryptocurrencies have performed in the last 24 hours:

• TRON (TRX) traded 1% higher against the dollar and now trades at $0.12 or 0.00000225 BTC.
• Tezos (XTZ) traded down 1.3% against the dollar and now trades at $0.64 or 0.00001162 BTC.
• Terra Classic (LUNC) traded down 2.3% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded up 0.6% against the dollar and now trades at $0.36 or 0.00000642 BTC.
• GXChain (GXC) traded up 1.2% against the dollar and now trades at $0.36 or 0.00000654 BTC.
• Adshares (ADS) traded 2.9% lower against the dollar and now trades at $0.22 or 0.00000397 BTC.
• BitShares (BTS) traded 0.2% higher against the dollar and now trades at $0.0019 or 0.00000003 BTC.

Terra Coin Profile

Terra (LUNA) uses the hashing algorithm. It was first traded on May 27th, 2022. Terra’s total supply is 1,186,707,049 coins and its circulating supply is 815,792,010 coins. Terra’s official Twitter account is @terra_money and its Facebook page is accessible here. The Reddit community for Terra is https://reddit.com/r/terraluna and the currency’s Github account can be viewed here. Terra’s official website is terra.money. The official message board for Terra 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 purchase alternative cryptocurrencies such as Terra directly using US dollars. Investors seeking to acquire Terra should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, Changelly or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Terra using one of the exchanges listed above.

LUNA/USD price chart by TradingView