Terra (LUNA) Trading Down 8.5% This Week

Terra (LUNA) traded up 0.2% against the U.S. dollar during the 1-day period ending at 7:00 AM ET on March 6th. During the last seven days, Terra has traded down 8.5% against the U.S. dollar. Terra has a total market capitalization of $152.12 million and $24.33 million worth of Terra was traded on exchanges in the last day. One Terra coin can now be purchased for about $0.21 or 0.00000236 BTC on exchanges.

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

• TRON (TRX) traded 0.9% lower against the dollar and now trades at $0.24 or 0.00000265 BTC.
• Tezos (XTZ) traded 3% higher against the dollar and now trades at $0.79 or 0.00000868 BTC.
• Terra Classic (LUNC) traded up 0.8% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded 0.8% higher against the dollar and now trades at $0.25 or 0.00000275 BTC.
• Adshares (ADS) traded down 0.8% against the dollar and now trades at $0.56 or 0.00000614 BTC.
• GXChain (GXC) traded 4.5% lower against the dollar and now trades at $0.24 or 0.00000263 BTC.
• BitShares (BTS) traded down 0.6% against the dollar and now trades at $0.0011 or 0.00000001 BTC.

About Terra

Terra 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 709,984,438 coins. Terra’s official Twitter account is @terra_money and its Facebook page is accessible here. Terra’s official message board 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. The official website for Terra is 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 possible to purchase alternative cryptocurrencies such as Terra directly using US dollars. Investors seeking to acquire Terra should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, GDAX or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Terra using one of the aforementioned exchanges.

LUNA/USD price chart by TradingView