Terra Classic (LUNC) Trading Down 6.9% This Week

Terra Classic (LUNC) traded up 1.9% against the US dollar during the twenty-four hour period ending at 20:00 PM E.T. on September 4th. Over the last week, Terra Classic has traded down 6.9% against the US dollar. One Terra Classic coin can now be bought for approximately $0.0001 or 0.00000000 BTC on cryptocurrency exchanges. Terra Classic has a market capitalization of $441.09 million and approximately $14.39 million worth of Terra Classic was traded on exchanges in the last 24 hours.

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

• TRON (TRX) traded down 0.2% against the dollar and now trades at $0.15 or 0.00000258 BTC.
• Tezos (XTZ) traded 2.3% higher against the dollar and now trades at $0.64 or 0.00001101 BTC.
• aelf (ELF) traded up 0.3% against the dollar and now trades at $0.36 or 0.00000626 BTC.
• Terra (LUNA) traded 0.9% higher against the dollar and now trades at $0.34 or 0.00000589 BTC.
• GXChain (GXC) traded up 1.5% against the dollar and now trades at $0.35 or 0.00000599 BTC.
• Adshares (ADS) traded down 3.5% against the dollar and now trades at $0.22 or 0.00000380 BTC.
• BitShares (BTS) traded 0.6% lower against the dollar and now trades at $0.0017 or 0.00000003 BTC.

Terra Classic 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 5,710,574,945,577 coins. Terra Classic’s official Twitter account is @terra_money. The official message board for Terra Classic is medium.com/terra-money. Terra Classic’s official website 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.

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 possible to buy alternative cryptocurrencies such as Terra Classic directly using US dollars. Investors seeking to trade Terra Classic should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, Coinbase or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Terra Classic using one of the aforementioned exchanges.

LUNC/USD price chart by TradingView