Terra Price Down 5.7% Over Last Week (LUNA)

Terra (LUNA) traded 4.2% lower against the dollar during the twenty-four hour period ending at 7:00 AM E.T. on February 22nd. Terra has a total market cap of $179.45 million and approximately $28.28 million worth of Terra was traded on exchanges in the last 24 hours. One Terra coin can now be purchased for about $0.25 or 0.00000262 BTC on major cryptocurrency exchanges. Over the last seven days, Terra has traded 5.7% lower against the dollar.

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

• TRON (TRX) traded down 4.8% against the dollar and now trades at $0.24 or 0.00000245 BTC.
• Tezos (XTZ) traded 1.8% lower against the dollar and now trades at $0.89 or 0.00000920 BTC.
• Terra Classic (LUNC) traded down 4% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded 0% lower against the dollar and now trades at $0.29 or 0.00000303 BTC.
• Adshares (ADS) traded down 1.9% against the dollar and now trades at $0.56 or 0.00000582 BTC.
• GXChain (GXC) traded 3.6% lower against the dollar and now trades at $0.25 or 0.00000261 BTC.
• BitShares (BTS) traded 4.3% lower against the dollar and now trades at $0.0012 or 0.00000001 BTC.

About Terra

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 message board for Terra is medium.com/terra-money. 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. Terra’s official Twitter account is @terra_money and its Facebook page is accessible 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 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 Gemini, GDAX or Changelly. 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