Terra Classic (LUNC) Price Down 2.3% This Week

Terra Classic (LUNC) traded 4.8% lower against the U.S. dollar during the twenty-four hour period ending at 19:00 PM E.T. on October 23rd. Terra Classic has a market cap of $508.57 million and $18.24 million worth of Terra Classic was traded on exchanges in the last 24 hours. One Terra Classic coin can currently be bought for $0.0001 or 0.00000000 BTC on major exchanges. During the last week, Terra Classic has traded down 2.3% against the U.S. dollar.

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

• TRON (TRX) traded 0.2% lower against the dollar and now trades at $0.16 or 0.00000241 BTC.
• Tezos (XTZ) traded down 4% against the dollar and now trades at $0.66 or 0.00000994 BTC.
• aelf (ELF) traded down 2.3% against the dollar and now trades at $0.37 or 0.00000552 BTC.
• Terra (LUNA) traded down 4.9% against the dollar and now trades at $0.36 or 0.00000547 BTC.
• GXChain (GXC) traded 0.9% lower against the dollar and now trades at $0.36 or 0.00000547 BTC.
• Adshares (ADS) traded 2.2% lower against the dollar and now trades at $0.22 or 0.00000333 BTC.
• BitShares (BTS) traded 0.4% lower against the dollar and now trades at $0.0016 or 0.00000002 BTC.

About Terra Classic

Terra Classic (LUNC) uses the hashing algorithm. Its genesis date was April 23rd, 2019. Terra Classic’s total supply is 6,794,537,545,225 coins and its circulating supply is 5,707,988,161,178 coins. The official website for Terra Classic is terraclassic.co.uk. Terra Classic’s official message board 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 possible to purchase alternative cryptocurrencies such as Terra Classic directly using US dollars. Investors seeking to acquire Terra Classic should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Changelly or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Terra Classic using one of the aforementioned exchanges.

LUNC/USD price chart by TradingView