Terra Trading 6.9% Lower Over Last 7 Days (LUNA)

Terra (LUNA) traded down 2.4% against the US dollar during the 24-hour period ending at 9:00 AM ET on September 7th. One Terra coin can now be bought for $0.33 or 0.00000598 BTC on popular exchanges. During the last week, Terra has traded down 6.9% against the US dollar. Terra has a total market cap of $225.37 million and $33.14 million worth of Terra was traded on exchanges in the last 24 hours.

Here is how similar cryptocurrencies have performed during the last 24 hours:

• TRON (TRX) traded 1.1% higher against the dollar and now trades at $0.15 or 0.00000277 BTC.
• Tezos (XTZ) traded 2.2% lower against the dollar and now trades at $0.61 or 0.00001123 BTC.
• Terra Classic (LUNC) traded 2% lower against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded 1% lower against the dollar and now trades at $0.35 or 0.00000643 BTC.
• GXChain (GXC) traded up 1.4% against the dollar and now trades at $0.33 or 0.00000606 BTC.
• Adshares (ADS) traded down 6.5% against the dollar and now trades at $0.21 or 0.00000376 BTC.
• BitShares (BTS) traded 3.8% lower against the dollar and now trades at $0.0016 or 0.00000003 BTC.

Terra Coin Profile

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 690,180,790 coins. Terra’s official website is terra.money. Terra’s official Twitter account is @terra_money and its Facebook page is accessible here. The official message board for Terra 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.

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 possible to buy alternative cryptocurrencies such as Terra directly using U.S. dollars. Investors seeking to trade Terra should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, Changelly or GDAX. 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