Terra Price Tops $0.31 on Exchanges (LUNA)

Terra (LUNA) traded down 4.3% against the US dollar during the one day period ending at 10:00 AM E.T. on January 29th. One Terra coin can currently be purchased for about $0.31 or 0.00000301 BTC on cryptocurrency exchanges. In the last week, Terra has traded down 13.5% against the US dollar. Terra has a total market capitalization of $217.55 million and approximately $21.99 million worth of Terra was traded on exchanges in the last 24 hours.

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

• TRON (TRX) traded 3.3% lower against the dollar and now trades at $0.24 or 0.00000234 BTC.
• Tezos (XTZ) traded 3.9% lower against the dollar and now trades at $1.05 or 0.00001030 BTC.
• Terra Classic (LUNC) traded down 3.7% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded 3.1% lower against the dollar and now trades at $0.34 or 0.00000335 BTC.
• Adshares (ADS) traded down 2.2% against the dollar and now trades at $0.62 or 0.00000613 BTC.
• GXChain (GXC) traded 4.7% lower against the dollar and now trades at $0.31 or 0.00000303 BTC.
• BitShares (BTS) traded 4.3% lower against the dollar and now trades at $0.0010 or 0.00000001 BTC.

Terra 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 709,984,438 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.”

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 acquire Terra should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, Gemini or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Terra using one of the exchanges listed above.

LUNA/USD price chart by TradingView