Terra Classic (LUNC) Reaches Self Reported Market Capitalization of $582.26 Million

Terra Classic (LUNC) traded down 2.1% against the dollar during the twenty-four hour period ending at 14:00 PM Eastern on April 18th. Terra Classic has a market capitalization of $582.26 million and approximately $22.51 million worth of Terra Classic was traded on exchanges in the last day. One Terra Classic coin can now be purchased for about $0.0001 or 0.00000000 BTC on popular cryptocurrency exchanges. Over the last week, Terra Classic has traded 22.3% lower against the dollar.

Here’s how similar cryptocurrencies have performed over the last day:

• Belrium (BEL) traded flat against the dollar and now trades at $2.51 or 0.00009565 BTC.
• TRON (TRX) traded 2% lower against the dollar and now trades at $0.11 or 0.00000173 BTC.
• Tezos (XTZ) traded 1.5% lower against the dollar and now trades at $0.96 or 0.00001524 BTC.
• Terra (LUNA) traded 1.4% lower against the dollar and now trades at $0.60 or 0.00000959 BTC.
• aelf (ELF) traded 0.8% higher against the dollar and now trades at $0.56 or 0.00000883 BTC.
• GXChain (GXC) traded 5.6% higher against the dollar and now trades at $0.43 or 0.00000684 BTC.
• Adshares (ADS) traded 0.3% higher against the dollar and now trades at $0.37 or 0.00000594 BTC.
• BitShares (BTS) traded up 0% against the dollar and now trades at $0.0030 or 0.00000005 BTC.

Terra Classic Profile

Terra Classic uses the hashing algorithm. It was first traded on April 23rd, 2019. Terra Classic’s total supply is 6,796,675,705,864 coins and its circulating supply is 5,823,761,365,158 coins. Terra Classic’s official Twitter account is @terra_money. The official message board for Terra Classic is medium.com/terra-money. The Reddit community for Terra Classic is https://reddit.com/r/terraluna and the currency’s Github account can be viewed here. The official website for Terra Classic is terra.money.

According to CryptoCompare, “LUNC, previously Luna, is the original token of the Terra blockchain, renamed Terra Classic after governance proposal 1623 by the Terra community, following the UST depegging event. This original chain, with disabled market swaps (mint/burn function), is represented by LUNC. It serves as the native staking asset in the Terra Classic network, securing its Proof of Stake (PoS) system and facilitating governance participation. Despite the creation of a new Terra chain, LUNC remains functional within the Terra Classic ecosystem, acting as collateral for its stablecoins and earning transaction fee rewards. The development of LUNC, as part of the broader Terra blockchain ecosystem, was heavily influenced by the Terra community, especially post-UST depegging, through key governance decisions and rebranding initiatives. Terra, the ecosystem’s founding platform, was co-created by Do Kwon and Daniel Shin, marking a significant collaboration in the cryptocurrency world.”

Buying and Selling Terra Classic

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

LUNC/USD price chart by TradingView