Terra Price Reaches $0.37 on Major Exchanges (LUNA)

Terra (LUNA) traded 6.9% lower against the US dollar during the 1-day period ending at 18:00 PM E.T. on September 16th. One Terra coin can now be bought for $0.37 or 0.00000644 BTC on popular cryptocurrency exchanges. In the last week, Terra has traded 6.7% higher against the US dollar. Terra has a total market cap of $260.67 million and approximately $38.16 million worth of Terra was traded on exchanges in the last 24 hours.

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

• TRON (TRX) traded down 0.3% against the dollar and now trades at $0.15 or 0.00000257 BTC.
• Tezos (XTZ) traded down 1.1% against the dollar and now trades at $0.63 or 0.00001081 BTC.
• Terra Classic (LUNC) traded down 4.4% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded 4.2% lower against the dollar and now trades at $0.35 or 0.00000606 BTC.
• GXChain (GXC) traded 1.9% lower against the dollar and now trades at $0.30 or 0.00000516 BTC.
• Adshares (ADS) traded 26.7% lower against the dollar and now trades at $0.20 or 0.00000341 BTC.
• BitShares (BTS) traded 1% higher against the dollar and now trades at $0.0018 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 698,257,782 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. Terra’s official message board is medium.com/terra-money. Terra’s official website 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 possible to purchase alternative cryptocurrencies such as Terra directly using US dollars. Investors seeking to acquire Terra should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, GDAX or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Terra using one of the aforementioned exchanges.

LUNA/USD price chart by TradingView