Terra Price Down 18% Over Last Week (LUNA)

Terra (LUNA) traded 1.3% lower against the dollar during the one day period ending at 11:00 AM Eastern on October 6th. Terra has a market capitalization of $269.10 million and approximately $37.79 million worth of Terra was traded on exchanges in the last day. Over the last week, Terra has traded 18% lower against the dollar. One Terra coin can currently be purchased for $0.38 or 0.00000605 BTC on popular exchanges.

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

• TRON (TRX) traded up 0.2% against the dollar and now trades at $0.15 or 0.00000247 BTC.
• Tezos (XTZ) traded up 1.4% against the dollar and now trades at $0.67 or 0.00001078 BTC.
• Terra Classic (LUNC) traded down 1.2% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded 1.2% higher against the dollar and now trades at $0.38 or 0.00000603 BTC.
• GXChain (GXC) traded up 15.2% against the dollar and now trades at $0.35 or 0.00000563 BTC.
• Adshares (ADS) traded up 0.8% against the dollar and now trades at $0.20 or 0.00000327 BTC.
• BitShares (BTS) traded down 0.6% against the dollar and now trades at $0.0019 or 0.00000003 BTC.

Terra Coin Profile

Terra uses the hashing algorithm. It was first traded on May 27th, 2022. Terra’s total supply is 1,186,707,049 coins and its circulating supply is 709,984,438 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 message board for Terra is medium.com/terra-money. 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 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 Changelly, Gemini or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Terra using one of the exchanges listed above.

LUNA/USD price chart by TradingView