Terra Price Hits $0.37 on Top Exchanges (LUNA)

Terra (LUNA) traded up 1% against the U.S. dollar during the 24-hour period ending at 22:00 PM ET on October 16th. One Terra coin can currently be bought for approximately $0.37 or 0.00000549 BTC on popular cryptocurrency exchanges. Terra has a market capitalization of $264.44 million and $40.45 million worth of Terra was traded on exchanges in the last 24 hours. Over the last week, Terra has traded 4.7% higher against the U.S. dollar.

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

• TRON (TRX) traded up 0.8% against the dollar and now trades at $0.16 or 0.00000236 BTC.
• Tezos (XTZ) traded 0.6% lower against the dollar and now trades at $0.70 or 0.00001025 BTC.
• Terra Classic (LUNC) traded 1.5% higher against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded 1.1% higher against the dollar and now trades at $0.38 or 0.00000567 BTC.
• GXChain (GXC) traded up 6.5% against the dollar and now trades at $0.37 or 0.00000546 BTC.
• Adshares (ADS) traded 1.6% higher against the dollar and now trades at $0.23 or 0.00000333 BTC.
• BitShares (BTS) traded 1.4% lower against the dollar and now trades at $0.0017 or 0.00000003 BTC.

Terra Coin Profile

LUNA uses the hashing algorithm. It launched on May 27th, 2022. Terra’s total supply is 1,186,707,049 coins and its circulating supply is 709,984,438 coins. 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 Twitter account is @terra_money and its Facebook page is accessible here. 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 presently possible to purchase alternative cryptocurrencies such as Terra directly using U.S. dollars. Investors seeking to trade Terra should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, Coinbase or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Terra using one of the exchanges listed above.

LUNA/USD price chart by TradingView