Terra Classic (LUNC) Trading Down 0.8% Over Last Week

Terra Classic (LUNC) traded 1.6% higher against the US dollar during the twenty-four hour period ending at 16:00 PM Eastern on October 5th. One Terra Classic coin can currently be bought for about $0.0001 or 0.00000000 BTC on cryptocurrency exchanges. Terra Classic has a total market capitalization of $521.24 million and approximately $11.76 million worth of Terra Classic was traded on exchanges in the last day. During the last week, Terra Classic has traded 0.8% lower against the US dollar.

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

• TRON (TRX) traded 1.8% lower against the dollar and now trades at $0.15 or 0.00000249 BTC.
• Tezos (XTZ) traded down 0.2% against the dollar and now trades at $0.66 or 0.00001067 BTC.
• Terra (LUNA) traded up 0.2% against the dollar and now trades at $0.39 or 0.00000625 BTC.
• aelf (ELF) traded 0.8% higher against the dollar and now trades at $0.37 or 0.00000601 BTC.
• GXChain (GXC) traded 19.8% higher against the dollar and now trades at $0.37 or 0.00000600 BTC.
• Adshares (ADS) traded 1.8% lower against the dollar and now trades at $0.20 or 0.00000324 BTC.
• BitShares (BTS) traded 1.8% lower against the dollar and now trades at $0.0018 or 0.00000003 BTC.

Terra Classic Profile

LUNC uses the hashing algorithm. Its genesis date was April 23rd, 2019. Terra Classic’s total supply is 6,794,537,545,225 coins and its circulating supply is 5,712,709,312,616 coins. Terra Classic’s official website is terra.money. The official message board for Terra Classic is medium.com/terra-money. Terra Classic’s official Twitter account is @terra_money. The Reddit community for Terra Classic is https://reddit.com/r/terraluna and the currency’s Github account can be viewed here.

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 currently possible to purchase alternative cryptocurrencies such as Terra Classic directly using U.S. dollars. Investors seeking to acquire Terra Classic should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, GDAX or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Terra Classic using one of the exchanges listed above.

LUNC/USD price chart by TradingView