Terra (LUNA) Price Reaches $0.61 on Major Exchanges

Terra (LUNA) traded up 0.5% against the dollar during the one day period ending at 16:00 PM E.T. on April 18th. One Terra coin can now be purchased for about $0.61 or 0.00000957 BTC on exchanges. In the last seven days, Terra has traded down 28.9% against the dollar. Terra has a total market capitalization of $434.84 million and $30.46 million worth of Terra was traded on exchanges in the last day.

Here’s 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 1.3% lower against the dollar and now trades at $0.11 or 0.00000172 BTC.
• Tezos (XTZ) traded up 1.6% against the dollar and now trades at $0.97 or 0.00001530 BTC.
• Terra Classic (LUNC) traded 0.4% higher against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded up 2% against the dollar and now trades at $0.56 or 0.00000879 BTC.
• GXChain (GXC) traded up 5.5% against the dollar and now trades at $0.43 or 0.00000679 BTC.
• Adshares (ADS) traded up 0% against the dollar and now trades at $0.37 or 0.00000590 BTC.
• BitShares (BTS) traded 1% higher 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 715,900,458 coins. The official message board for Terra 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 currently possible to buy alternative cryptocurrencies such as Terra directly using US dollars. Investors seeking to acquire Terra should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Changelly or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Terra using one of the exchanges listed above.

LUNA/USD price chart by TradingView