Terra Classic Self Reported Market Cap Hits $501.43 Million (LUNC)

Terra Classic (LUNC) traded up 7.7% against the dollar during the 1-day period ending at 15:00 PM ET on September 19th. Terra Classic has a market cap of $501.43 million and $23.25 million worth of Terra Classic was traded on exchanges in the last day. During the last week, Terra Classic has traded 5.2% higher against the dollar. One Terra Classic coin can now be purchased for about $0.0001 or 0.00000000 BTC on exchanges.

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

• TRON (TRX) traded up 1% against the dollar and now trades at $0.15 or 0.00000237 BTC.
• Tezos (XTZ) traded 7.1% higher against the dollar and now trades at $0.68 or 0.00001072 BTC.
• Terra (LUNA) traded up 8.4% against the dollar and now trades at $0.40 or 0.00000628 BTC.
• aelf (ELF) traded 4.1% higher against the dollar and now trades at $0.37 or 0.00000581 BTC.
• GXChain (GXC) traded 1.3% lower against the dollar and now trades at $0.31 or 0.00000490 BTC.
• Adshares (ADS) traded 1.3% lower against the dollar and now trades at $0.20 or 0.00000318 BTC.
• BitShares (BTS) traded 1.1% higher against the dollar and now trades at $0.0018 or 0.00000003 BTC.

Terra Classic Coin Profile

Terra Classic 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 5,703,454,953,364 coins. Terra Classic’s official website is 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. The official message board for Terra Classic is medium.com/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 currently possible to purchase alternative cryptocurrencies such as Terra Classic directly using US dollars. Investors seeking to trade Terra Classic should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Gemini or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Terra Classic using one of the aforementioned exchanges.

LUNC/USD price chart by TradingView