Terra (LUNA) Price Down 16.1% Over Last 7 Days

Terra (LUNA) traded down 3.5% against the dollar during the twenty-four hour period ending at 10:00 AM ET on January 25th. Terra has a total market cap of $241.48 million and $25.85 million worth of Terra was traded on exchanges in the last 24 hours. One Terra coin can now be bought for $0.34 or 0.00000326 BTC on major cryptocurrency exchanges. During the last week, Terra has traded down 16.1% against the dollar.

Here’s how related cryptocurrencies have performed during the last 24 hours:

• TRON (TRX) traded 2.1% lower against the dollar and now trades at $0.25 or 0.00000244 BTC.
• Tezos (XTZ) traded down 2.7% against the dollar and now trades at $1.16 or 0.00001112 BTC.
• Terra Classic (LUNC) traded 2.9% lower against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded down 0.7% against the dollar and now trades at $0.38 or 0.00000364 BTC.
• GXChain (GXC) traded 0.2% lower against the dollar and now trades at $0.33 or 0.00000314 BTC.
• Adshares (ADS) traded 0.4% lower against the dollar and now trades at $0.63 or 0.00000603 BTC.
• BitShares (BTS) traded 0.8% lower against the dollar and now trades at $0.0011 or 0.00000001 BTC.

Terra Coin Profile

LUNA 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 website for Terra is terra.money. 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 message board for Terra 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 acquire Terra should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, Changelly or Coinbase. 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