Terra Price Hits $0.33 on Exchanges (LUNA)

Terra (LUNA) traded down 4.2% against the dollar during the one day period ending at 10:00 AM Eastern on August 4th. One Terra coin can now be purchased for about $0.33 or 0.00000548 BTC on major exchanges. During the last seven days, Terra has traded 18.4% lower against the dollar. Terra has a total market cap of $271.14 million and $19.67 million worth of Terra was traded on exchanges in the last 24 hours.

Here is how other cryptocurrencies have performed during the last 24 hours:

• TRON (TRX) traded 2.7% higher against the dollar and now trades at $0.13 or 0.00000211 BTC.
• Tezos (XTZ) traded down 1.2% against the dollar and now trades at $0.69 or 0.00001134 BTC.
• Terra Classic (LUNC) traded 4.4% lower against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded 14.7% lower against the dollar and now trades at $0.39 or 0.00000636 BTC.
• GXChain (GXC) traded up 2% against the dollar and now trades at $0.38 or 0.00000629 BTC.
• Adshares (ADS) traded 9.4% lower against the dollar and now trades at $0.25 or 0.00000407 BTC.
• BitShares (BTS) traded 1.2% lower against the dollar and now trades at $0.0020 or 0.00000003 BTC.

About Terra

Terra (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 812,727,192 coins. Terra’s official message board is medium.com/terra-money. The official website for Terra is terra.money. Terra’s official Twitter account is @terra_money and its Facebook page is accessible here. 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 currently possible to buy alternative cryptocurrencies such as Terra directly using U.S. dollars. Investors seeking to trade Terra should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, Coinbase or Gemini. 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