Terra Classic (LUNC) Trading 3.5% Lower This Week

Terra Classic (LUNC) traded up 8.4% against the dollar during the twenty-four hour period ending at 22:00 PM ET on November 5th. One Terra Classic coin can currently be purchased for $0.0001 or 0.00000000 BTC on major cryptocurrency exchanges. Terra Classic has a market cap of $494.62 million and $19.51 million worth of Terra Classic was traded on exchanges in the last 24 hours. In the last week, Terra Classic has traded 3.5% lower against the dollar.

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

• TRON (TRX) traded 0.5% lower against the dollar and now trades at $0.16 or 0.00000219 BTC.
• Tezos (XTZ) traded up 7.3% against the dollar and now trades at $0.64 or 0.00000869 BTC.
• aelf (ELF) traded up 4.9% against the dollar and now trades at $0.34 or 0.00000462 BTC.
• Terra (LUNA) traded up 8.5% against the dollar and now trades at $0.33 or 0.00000443 BTC.
• GXChain (GXC) traded 8.6% lower against the dollar and now trades at $0.32 or 0.00000431 BTC.
• Adshares (ADS) traded 4.1% higher against the dollar and now trades at $0.23 or 0.00000313 BTC.
• BitShares (BTS) traded 0.9% higher against the dollar and now trades at $0.0015 or 0.00000002 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 5,454,482,597,060 coins. Terra Classic’s official message board is medium.com/terra-money. The official website for Terra Classic is terraclassic.co.uk. 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 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.”

Terra Classic Coin Trading

It is usually not 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 Coinbase, Gemini or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Terra Classic using one of the exchanges listed above.

LUNC/USD price chart by TradingView