Terra Price Hits $0.63 (LUNA)

Terra (LUNA) traded up 0.9% against the US dollar during the one day period ending at 22:00 PM Eastern on April 25th. One Terra coin can currently be bought for about $0.63 or 0.00000975 BTC on major cryptocurrency exchanges. Over the last seven days, Terra has traded up 8.5% against the US dollar. Terra has a market capitalization of $453.76 million and approximately $31.30 million worth of Terra was traded on exchanges in the last 24 hours.

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

• Belrium (BEL) traded flat against the dollar and now trades at $2.51 or 0.00009565 BTC.
• TRON (TRX) traded up 2.7% against the dollar and now trades at $0.12 or 0.00000182 BTC.
• Tezos (XTZ) traded up 0.1% against the dollar and now trades at $1.01 or 0.00001562 BTC.
• Terra Classic (LUNC) traded up 3.8% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded 2.2% higher against the dollar and now trades at $0.58 or 0.00000903 BTC.
• GXChain (GXC) traded 5% lower against the dollar and now trades at $0.40 or 0.00000616 BTC.
• Adshares (ADS) traded 2.9% lower against the dollar and now trades at $0.43 or 0.00000660 BTC.
• BitShares (BTS) traded down 2.1% against the dollar and now trades at $0.0033 or 0.00000005 BTC.

Terra Coin Profile

LUNA uses the hashing algorithm. It was first traded on May 27th, 2022. Terra’s total supply is 1,004,262,701 coins and its circulating supply is 722,403,361 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 Twitter account is @terra_money and its Facebook page is accessible here. The official website for Terra is terra.money. Terra’s official message board is medium.com/terra-money.

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 GDAX, Gemini or Changelly. 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