Terra Price Down 30.8% Over Last Week (LUNA)

Terra (LUNA) traded 0.8% higher against the dollar during the 1 day period ending at 22:00 PM E.T. on April 16th. Terra has a total market cap of $429.98 million and approximately $37.08 million worth of Terra was traded on exchanges in the last day. One Terra coin can now be purchased for $0.60 or 0.00000941 BTC on popular cryptocurrency exchanges. In the last week, Terra has traded 30.8% lower against the dollar.

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

• Belrium (BEL) traded flat against the dollar and now trades at $2.51 or 0.00009565 BTC.
• TRON (TRX) traded 1% higher against the dollar and now trades at $0.11 or 0.00000175 BTC.
• Tezos (XTZ) traded up 0.3% against the dollar and now trades at $0.99 or 0.00001543 BTC.
• Terra Classic (LUNC) traded 1.2% higher against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded 2.5% higher against the dollar and now trades at $0.56 or 0.00000876 BTC.
• GXChain (GXC) traded 4.7% lower against the dollar and now trades at $0.41 or 0.00000644 BTC.
• Adshares (ADS) traded 0.7% higher against the dollar and now trades at $0.37 or 0.00000586 BTC.
• BitShares (BTS) traded 2.4% lower against the dollar and now trades at $0.0030 or 0.00000005 BTC.

Terra Profile

Terra (CRYPTO:LUNA) uses the hashing algorithm. Its genesis date was May 27th, 2022. Terra’s total supply is 1,004,262,701 coins and its circulating supply is 714,414,820 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 website is terra.money. 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 possible to purchase alternative cryptocurrencies such as Terra directly using US dollars. Investors seeking to trade Terra should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Changelly 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