Terra (LUNA) Price Down 12.3% This Week

by · The Markets Daily

Terra (LUNA) traded up 9.3% against the US dollar during the 1-day period ending at 14:00 PM Eastern on July 6th. During the last seven days, Terra has traded 12.3% lower against the US dollar. Terra has a market cap of $290.69 million and approximately $19.05 million worth of Terra was traded on exchanges in the last day. One Terra coin can now be bought for $0.37 or 0.00000639 BTC on popular cryptocurrency exchanges.

Here is how related cryptocurrencies have performed during the last day:

  • TRON (TRX) traded 2.3% higher against the dollar and now trades at $0.13 or 0.00000225 BTC.
  • Tezos (XTZ) traded up 1.5% against the dollar and now trades at $0.75 or 0.00001293 BTC.
  • Terra Classic (LUNC) traded 7.4% higher against the dollar and now trades at $0.0001 or 0.00000000 BTC.
  • aelf (ELF) traded up 14.6% against the dollar and now trades at $0.36 or 0.00000616 BTC.
  • GXChain (GXC) traded 1.8% higher against the dollar and now trades at $0.33 or 0.00000585 BTC.
  • Adshares (ADS) traded 5.5% higher against the dollar and now trades at $0.36 or 0.00000627 BTC.
  • BitShares (BTS) traded 1.1% higher against the dollar and now trades at $0.0020 or 0.00000003 BTC.

About Terra

Terra (LUNA) uses the hashing algorithm. Its genesis date was May 27th, 2022. Terra’s total supply is 1,186,707,049 coins and its circulating supply is 786,916,222 coins. 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. The Reddit community for Terra is https://reddit.com/r/terraluna and the currency’s Github account can be viewed here. The official website for Terra is 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.”

Terra Coin Trading

It is usually not possible to buy alternative cryptocurrencies such as Terra directly using U.S. dollars. Investors seeking to acquire Terra should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, Gemini or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Terra using one of the aforementioned exchanges.

LUNA/USD price chart by TradingView