Terra Classic (LUNC) Price Up 6.4% This Week

Terra Classic (LUNC) traded 3.8% higher against the U.S. dollar during the 1 day period ending at 20:00 PM E.T. on May 5th. One Terra Classic coin can currently be purchased for $0.0001 or 0.00000000 BTC on major exchanges. Over the last week, Terra Classic has traded up 6.4% against the U.S. dollar. Terra Classic has a market cap of $655.70 million and approximately $40.48 million worth of Terra Classic was traded on exchanges in the last 24 hours.

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

• Belrium (BEL) traded flat against the dollar and now trades at $2.51 or 0.00009565 BTC.
• TRON (TRX) traded 0.9% lower against the dollar and now trades at $0.12 or 0.00000189 BTC.
• Tezos (XTZ) traded 0.3% lower against the dollar and now trades at $0.96 or 0.00001503 BTC.
• Terra (LUNA) traded 5.7% higher against the dollar and now trades at $0.64 or 0.00000994 BTC.
• aelf (ELF) traded 0% higher against the dollar and now trades at $0.56 or 0.00000873 BTC.
• GXChain (GXC) traded down 6.2% against the dollar and now trades at $0.43 or 0.00000663 BTC.
• Adshares (ADS) traded 9.1% higher against the dollar and now trades at $0.41 or 0.00000642 BTC.
• BitShares (BTS) traded down 3.3% against the dollar and now trades at $0.0032 or 0.00000005 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 6,794,593,705,034 coins and its circulating supply is 5,799,726,661,680 coins. 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. Terra Classic’s official message board is medium.com/terra-money. Terra Classic’s official website 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.”

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 Changelly, GDAX or Coinbase. 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