Terra (LUNA) Trading 21.7% Lower Over Last 7 Days

Terra (LUNA) traded down 2.7% against the dollar during the 1-day period ending at 16:00 PM ET on August 4th. Terra has a market capitalization of $259.76 million and approximately $22.53 million worth of Terra was traded on exchanges in the last day. In the last seven days, Terra has traded down 21.7% against the dollar. One Terra coin can currently be bought for approximately $0.32 or 0.00000540 BTC on major cryptocurrency exchanges.

Here is how similar cryptocurrencies have performed in the last day:

• TRON (TRX) traded up 1.6% against the dollar and now trades at $0.13 or 0.00000215 BTC.
• Tezos (XTZ) traded 0.3% lower against the dollar and now trades at $0.67 or 0.00001131 BTC.
• Terra Classic (LUNC) traded 3.3% lower against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded down 7% against the dollar and now trades at $0.37 or 0.00000628 BTC.
• GXChain (GXC) traded down 1.2% against the dollar and now trades at $0.37 or 0.00000630 BTC.
• Adshares (ADS) traded down 11.1% against the dollar and now trades at $0.22 or 0.00000377 BTC.
• BitShares (BTS) traded up 1.1% against the dollar and now trades at $0.0021 or 0.00000003 BTC.

About Terra

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 812,915,238 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. 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.”

Terra Coin Trading

It is usually not currently 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 Coinbase, Gemini or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Terra using one of the exchanges listed above.

LUNA/USD price chart by TradingView