Terra Classic Reaches Self Reported Market Capitalization of $509.55 Million (LUNC)

Terra Classic (LUNC) traded 0.3% higher against the US dollar during the 1-day period ending at 16:00 PM Eastern on October 6th. One Terra Classic coin can currently be purchased for $0.0001 or 0.00000000 BTC on popular cryptocurrency exchanges. In the last week, Terra Classic has traded down 11.7% against the US dollar. Terra Classic has a total market cap of $509.55 million and approximately $18.43 million worth of Terra Classic was traded on exchanges in the last day.

Here’s how other cryptocurrencies have performed in the last day:

• TRON (TRX) traded up 0.4% against the dollar and now trades at $0.15 or 0.00000246 BTC.
• Tezos (XTZ) traded 2.2% higher against the dollar and now trades at $0.67 or 0.00001072 BTC.
• aelf (ELF) traded 2.2% higher against the dollar and now trades at $0.38 or 0.00000604 BTC.
• Terra (LUNA) traded up 0.1% against the dollar and now trades at $0.38 or 0.00000601 BTC.
• GXChain (GXC) traded down 2% against the dollar and now trades at $0.33 or 0.00000530 BTC.
• Adshares (ADS) traded 1.6% higher against the dollar and now trades at $0.20 or 0.00000327 BTC.
• BitShares (BTS) traded down 0.1% against the dollar and now trades at $0.0018 or 0.00000003 BTC.

Terra Classic Coin Profile

Terra Classic (CRYPTO:LUNC) uses the hashing algorithm. It launched on April 23rd, 2019. Terra Classic’s total supply is 6,794,537,545,225 coins and its circulating supply is 5,711,951,207,254 coins. Terra Classic’s official message board 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. Terra Classic’s official website 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.”

Terra Classic Coin Trading

It is usually not currently possible to purchase alternative cryptocurrencies such as Terra Classic directly using US dollars. Investors seeking to acquire Terra Classic should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, 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