Terra (LUNA) Trading 2.9% Lower Over Last 7 Days

Terra (LUNA) traded 1.3% higher against the US dollar during the one day period ending at 8:00 AM Eastern on September 8th. Terra has a market cap of $228.84 million and approximately $14.19 million worth of Terra was traded on exchanges in the last day. In the last week, Terra has traded down 2.9% against the US dollar. One Terra coin can currently be bought for $0.33 or 0.00000608 BTC on major exchanges.

Here’s how related cryptocurrencies have performed in the last day:

• TRON (TRX) traded 0.5% higher against the dollar and now trades at $0.15 or 0.00000278 BTC.
• Tezos (XTZ) traded 0.4% higher against the dollar and now trades at $0.61 or 0.00001128 BTC.
• Terra Classic (LUNC) traded 1.8% higher 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 $0.35 or 0.00000650 BTC.
• GXChain (GXC) traded down 4.1% against the dollar and now trades at $0.32 or 0.00000580 BTC.
• Adshares (ADS) traded up 0.3% against the dollar and now trades at $0.21 or 0.00000378 BTC.
• BitShares (BTS) traded 1.2% higher against the dollar and now trades at $0.0017 or 0.00000003 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 691,077,625 coins. Terra’s official Twitter account is @terra_money and its Facebook page is accessible here. Terra’s official website is terra.money. 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.”

Buying and Selling Terra

It is usually not currently possible to buy alternative cryptocurrencies such as Terra directly using US dollars. Investors seeking to trade Terra should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, Coinbase or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Terra using one of the exchanges listed above.

LUNA/USD price chart by TradingView