Terra (LUNA) Price Tops $0.38 on Exchanges

Terra (LUNA) traded 3.8% lower against the US dollar during the 1-day period ending at 0:00 AM ET on July 31st. One Terra coin can currently be purchased for about $0.38 or 0.00000593 BTC on exchanges. Terra has a total market cap of $307.36 million and approximately $23.51 million worth of Terra was traded on exchanges in the last 24 hours. In the last week, Terra has traded 2.4% lower against the US dollar.

Here’s how other cryptocurrencies have performed in the last 24 hours:

• TRON (TRX) traded down 1.9% against the dollar and now trades at $0.13 or 0.00000201 BTC.
• Tezos (XTZ) traded down 2.7% against the dollar and now trades at $0.73 or 0.00001136 BTC.
• Terra Classic (LUNC) traded 3% lower against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded 3% lower against the dollar and now trades at $0.37 or 0.00000578 BTC.
• GXChain (GXC) traded up 6.9% against the dollar and now trades at $0.39 or 0.00000616 BTC.
• Adshares (ADS) traded 10% lower against the dollar and now trades at $0.27 or 0.00000422 BTC.
• BitShares (BTS) traded down 2.2% against the dollar and now trades at $0.0021 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 809,656,046 coins. 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. 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.”

Buying and Selling Terra

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 Coinbase, GDAX or Gemini. 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