Terra Classic Reaches Self Reported Market Capitalization of $401.61 Million (LUNC)

Terra Classic (LUNC) traded 7.6% lower against the dollar during the twenty-four hour period ending at 10:00 AM E.T. on February 18th. One Terra Classic coin can now be purchased for about $0.0001 or 0.00000000 BTC on major cryptocurrency exchanges. Over the last seven days, Terra Classic has traded 0.8% lower against the dollar. Terra Classic has a total market cap of $401.61 million and approximately $17.21 million worth of Terra Classic was traded on exchanges in the last 24 hours.

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

• TRON (TRX) traded down 4.1% against the dollar and now trades at $0.24 or 0.00000246 BTC.
• Tezos (XTZ) traded 7.1% lower against the dollar and now trades at $0.85 or 0.00000889 BTC.
• aelf (ELF) traded down 6.4% against the dollar and now trades at $0.28 or 0.00000297 BTC.
• Terra (LUNA) traded 8.7% lower against the dollar and now trades at $0.25 or 0.00000260 BTC.
• Adshares (ADS) traded up 0.6% against the dollar and now trades at $0.57 or 0.00000600 BTC.
• GXChain (GXC) traded 0.5% lower against the dollar and now trades at $0.26 or 0.00000275 BTC.
• BitShares (BTS) traded 1.9% higher against the dollar and now trades at $0.0012 or 0.00000001 BTC.

About Terra Classic

LUNC uses the hashing algorithm. It launched on April 23rd, 2019. Terra Classic’s total supply is 6,504,290,343,716 coins and its circulating supply is 5,488,599,626,421 coins. The official website for Terra Classic is commonwealth.im/terra-luna-classic-lunc. The official message board for Terra Classic is medium.com/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.

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 acquire Terra Classic should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, GDAX or Changelly. 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