Terra Classic (LUNC) Self Reported Market Cap Reaches $392.14 Million

Terra Classic (LUNC) traded 6.1% lower against the dollar during the twenty-four hour period ending at 9:00 AM E.T. on February 2nd. During the last week, Terra Classic has traded 13.3% lower against the dollar. One Terra Classic coin can currently be bought for about $0.0001 or 0.00000000 BTC on exchanges. Terra Classic has a market cap of $392.14 million and $25.50 million worth of Terra Classic was traded on exchanges in the last 24 hours.

Here’s how similar cryptocurrencies have performed during the last 24 hours:

• TRON (TRX) traded down 5.4% against the dollar and now trades at $0.24 or 0.00000243 BTC.
• Tezos (XTZ) traded 7.7% lower against the dollar and now trades at $0.99 or 0.00001000 BTC.
• aelf (ELF) traded down 6.3% against the dollar and now trades at $0.33 or 0.00000337 BTC.
• Terra (LUNA) traded down 7.1% against the dollar and now trades at $0.29 or 0.00000297 BTC.
• Adshares (ADS) traded down 2.3% against the dollar and now trades at $0.63 or 0.00000636 BTC.
• GXChain (GXC) traded 5.9% lower against the dollar and now trades at $0.29 or 0.00000292 BTC.
• BitShares (BTS) traded down 8% against the dollar and now trades at $0.0011 or 0.00000001 BTC.

Terra Classic Coin Profile

Terra Classic uses the hashing algorithm. Its launch date was April 23rd, 2019. Terra Classic’s total supply is 6,505,671,088,422 coins and its circulating supply is 5,501,833,564,790 coins. 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 message board is medium.com/terra-money. The official website for Terra Classic is commonwealth.im/terra-luna-classic-lunc. Terra Classic’s official Twitter account 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 presently 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 Changelly, Gemini or Coinbase. 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