Terra Price Reaches $0.0476 (LUNA)

Terra (LUNA) traded 1.7% lower against the U.S. dollar during the twenty-four hour period ending at 9:00 AM E.T. on August 24th. One Terra coin can now be bought for $0.0476 or 0.00000061 BTC on major exchanges. Terra has a market cap of $33.78 million and $3.53 million worth of Terra was traded on exchanges in the last 24 hours. During the last seven days, Terra has traded up 13.3% against the U.S. dollar.

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

• TRON (TRX) traded 0% higher against the dollar and now trades at $0.34 or 0.00000440 BTC.
• Terra Classic (LUNC) traded 2.5% lower against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Tezos (XTZ) traded down 1.8% against the dollar and now trades at $0.23 or 0.00000292 BTC.
• aelf (ELF) traded up 2.7% against the dollar and now trades at $0.0672 or 0.00000086 BTC.
• Adshares (ADS) traded 0.7% higher against the dollar and now trades at $0.47 or 0.00000599 BTC.
• BitShares (BTS) traded down 1.2% against the dollar and now trades at $0.0011 or 0.00000001 BTC.

Terra Coin Profile

Terra 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 message board for Terra 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 possible to purchase alternative cryptocurrencies such as Terra directly using U.S. dollars. Investors seeking to trade Terra should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, Coinbase or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Terra using one of the exchanges listed above.

LUNA/USD price chart by TradingView