Terra Classic (LUNC) Hits Self Reported Market Cap of $932.52 Million

Terra Classic (LUNC) traded 7.2% higher against the dollar during the 24-hour period ending at 9:00 AM E.T. on December 4th. One Terra Classic coin can currently be purchased for $0.0002 or 0.00000000 BTC on popular cryptocurrency exchanges. Terra Classic has a market capitalization of $932.52 million and approximately $306.46 million worth of Terra Classic was traded on exchanges in the last 24 hours. Over the last week, Terra Classic has traded 43.7% higher against the dollar.

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

• TRON (TRX) traded 59% higher against the dollar and now trades at $0.37 or 0.00000385 BTC.
• Tezos (XTZ) traded up 9.6% against the dollar and now trades at $1.72 or 0.00001798 BTC.
• Terra (LUNA) traded 22.1% higher against the dollar and now trades at $0.72 or 0.00000756 BTC.
• aelf (ELF) traded up 10.9% against the dollar and now trades at $0.62 or 0.00000646 BTC.
• Adshares (ADS) traded 3.3% lower against the dollar and now trades at $0.95 or 0.00000988 BTC.
• GXChain (GXC) traded up 9.1% against the dollar and now trades at $0.43 or 0.00000447 BTC.
• BitShares (BTS) traded up 14.3% against the dollar and now trades at $0.0030 or 0.00000003 BTC.

About Terra Classic

LUNC uses the hashing algorithm. Its genesis date was April 23rd, 2019. Terra Classic’s total supply is 6,514,434,795,618 coins and its circulating supply is 5,511,622,916,976 coins. Terra Classic’s official website is terraclassic.co.uk. 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 message board 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 buy alternative cryptocurrencies such as Terra Classic directly using U.S. dollars. Investors seeking to trade Terra Classic should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, Coinbase or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Terra Classic using one of the exchanges listed above.

LUNC/USD price chart by TradingView