Terra Trading 4.2% Lower Over Last 7 Days (LUNA)

Terra (LUNA) traded 0% lower against the U.S. dollar during the 1 day period ending at 0:00 AM ET on October 12th. One Terra coin can now be bought for $0.36 or 0.00000575 BTC on popular cryptocurrency exchanges. Terra has a market capitalization of $256.15 million and $20.15 million worth of Terra was traded on exchanges in the last day. During the last seven days, Terra has traded down 4.2% against the U.S. dollar.

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

• TRON (TRX) traded 1.6% higher against the dollar and now trades at $0.16 or 0.00000259 BTC.
• Tezos (XTZ) traded 0.1% higher against the dollar and now trades at $0.69 or 0.00001099 BTC.
• Terra Classic (LUNC) traded 0.7% higher against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded up 0.3% against the dollar and now trades at $0.38 or 0.00000603 BTC.
• GXChain (GXC) traded down 0.3% against the dollar and now trades at $0.33 or 0.00000528 BTC.
• Adshares (ADS) traded 1.2% lower against the dollar and now trades at $0.20 or 0.00000324 BTC.
• BitShares (BTS) traded up 1.4% against the dollar and now trades at $0.0018 or 0.00000003 BTC.

Terra Coin Profile

Terra (CRYPTO:LUNA) uses the hashing algorithm. Its launch date was 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. 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 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 presently possible to buy alternative cryptocurrencies such as Terra directly using US dollars. Investors seeking to acquire Terra should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, Coinbase or GDAX. 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