Terra Classic (LUNC) Self Reported Market Capitalization Achieves $558.27 Million

Terra Classic (LUNC) traded 10.1% lower against the U.S. dollar during the one day period ending at 9:00 AM E.T. on December 20th. Terra Classic has a total market capitalization of $558.27 million and $114.76 million worth of Terra Classic was traded on exchanges in the last day. One Terra Classic coin can now be purchased for about $0.0001 or 0.00000000 BTC on exchanges. During the last seven days, Terra Classic has traded down 23.4% against the U.S. dollar.

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

• TRON (TRX) traded down 9.6% against the dollar and now trades at $0.24 or 0.00000252 BTC.
• Tezos (XTZ) traded 12% lower against the dollar and now trades at $1.15 or 0.00001215 BTC.
• aelf (ELF) traded 9.7% lower against the dollar and now trades at $0.42 or 0.00000446 BTC.
• Terra (LUNA) traded 11.9% lower against the dollar and now trades at $0.40 or 0.00000418 BTC.
• Adshares (ADS) traded 13.7% lower against the dollar and now trades at $0.79 or 0.00000831 BTC.
• GXChain (GXC) traded 8% lower against the dollar and now trades at $0.38 or 0.00000401 BTC.
• BitShares (BTS) traded down 7.3% against the dollar and now trades at $0.0016 or 0.00000002 BTC.

About Terra Classic

Terra Classic (CRYPTO:LUNC) uses the hashing algorithm. It was first traded on April 23rd, 2019. Terra Classic’s total supply is 6,513,366,058,403 coins and its circulating supply is 5,513,681,195,392 coins. Terra Classic’s official Twitter account is @terra_money. The official message board for Terra Classic is medium.com/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 terraclassic.co.uk.

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 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 aforementioned exchanges.

LUNC/USD price chart by TradingView