Terra Trading Up 20.2% Over Last Week (LUNA)

Terra (LUNA) traded up 0.5% against the US dollar during the 1-day period ending at 9:00 AM Eastern on March 29th. One Terra coin can now be bought for $1.10 or 0.00001568 BTC on popular cryptocurrency exchanges. Terra has a market cap of $767.39 million and approximately $90.72 million worth of Terra was traded on exchanges in the last day. During the last seven days, Terra has traded 20.2% higher against the US dollar.

Here is how related cryptocurrencies have performed during the last day:

• Belrium (BEL) traded flat against the dollar and now trades at $2.51 or 0.00009565 BTC.
• TRON (TRX) traded 0.1% higher against the dollar and now trades at $0.12 or 0.00000171 BTC.
• Tezos (XTZ) traded up 3.5% against the dollar and now trades at $1.43 or 0.00002037 BTC.
• Terra Classic (LUNC) traded 0.8% higher against the dollar and now trades at $0.0002 or 0.00000000 BTC.
• aelf (ELF) traded up 0.5% against the dollar and now trades at $0.66 or 0.00000941 BTC.
• GXChain (GXC) traded 1.3% lower against the dollar and now trades at $0.50 or 0.00000719 BTC.
• Adshares (ADS) traded 4.5% higher against the dollar and now trades at $0.52 or 0.00000735 BTC.
• BitShares (BTS) traded 0.5% higher against the dollar and now trades at $0.0041 or 0.00000006 BTC.

About Terra

Terra (LUNA) uses the hashing algorithm. Its genesis date was May 27th, 2022. Terra’s total supply is 1,004,262,701 coins and its circulating supply is 697,696,759 coins. 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. The official message board for Terra is medium.com/terra-money. Terra’s official Twitter account is @terra_money and its Facebook page is accessible 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.”

Terra Coin Trading

It is usually not possible to buy alternative cryptocurrencies such as Terra directly using U.S. dollars. Investors seeking to acquire Terra should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, Gemini 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