Terra Trading 7.6% Lower This Week (LUNA)

Terra (LUNA) traded 4.9% higher against the US dollar during the 24 hour period ending at 12:00 PM ET on October 29th. One Terra coin can now be bought for $0.35 or 0.00000481 BTC on major exchanges. Terra has a total market capitalization of $248.03 million and approximately $20.50 million worth of Terra was traded on exchanges in the last day. Over the last week, Terra has traded 7.6% lower against the US dollar.

Here’s how other cryptocurrencies have performed over the last day:

• TRON (TRX) traded up 1% against the dollar and now trades at $0.17 or 0.00000228 BTC.
• Tezos (XTZ) traded up 6.5% against the dollar and now trades at $0.67 or 0.00000928 BTC.
• Terra Classic (LUNC) traded up 3.6% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded up 2.9% against the dollar and now trades at $0.36 or 0.00000498 BTC.
• GXChain (GXC) traded up 8.9% against the dollar and now trades at $0.38 or 0.00000525 BTC.
• Adshares (ADS) traded 4.8% higher against the dollar and now trades at $0.23 or 0.00000317 BTC.
• BitShares (BTS) traded 2.8% higher against the dollar and now trades at $0.0015 or 0.00000002 BTC.

Terra Profile

Terra (CRYPTO: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 message board is medium.com/terra-money. Terra’s official Twitter account is @terra_money and its Facebook page is accessible here. The official website for Terra is 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.”

Buying and Selling Terra

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 Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, Coinbase or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Terra using one of the aforementioned exchanges.

LUNA/USD price chart by TradingView