Terra (LUNA) Price Up 1.4% This Week

Terra (LUNA) traded 0.7% lower against the US dollar during the 1-day period ending at 9:00 AM Eastern on August 4th. One Terra coin can currently be bought for $0.0407 or 0.00000064 BTC on exchanges. Terra has a market cap of $28.92 million and approximately $3.19 million worth of Terra was traded on exchanges in the last 24 hours. Over the last seven days, Terra has traded 1.4% higher against the US dollar.

Here’s how related cryptocurrencies have performed over the last 24 hours:

• TRON (TRX) traded 0.8% higher against the dollar and now trades at $0.33 or 0.00000515 BTC.
• Terra Classic (LUNC) traded up 0.7% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Tezos (XTZ) traded down 1.7% against the dollar and now trades at $0.20 or 0.00000309 BTC.
• aelf (ELF) traded 0.1% lower against the dollar and now trades at $0.0592 or 0.00000093 BTC.
• Adshares (ADS) traded down 0.4% against the dollar and now trades at $0.40 or 0.00000626 BTC.
• BitShares (BTS) traded 5.6% higher against the dollar and now trades at $0.0011 or 0.00000002 BTC.

Terra Coin Profile

Terra (CRYPTO: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. Terra’s official message board is medium.com/terra-money. Terra’s official website 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 possible to purchase alternative cryptocurrencies such as Terra directly using U.S. dollars. Investors seeking to acquire Terra should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Gemini or Coinbase. 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