Terra Classic Self Reported Market Cap Tops $608.38 Million (LUNC)

Terra Classic (LUNC) traded 1.4% lower against the dollar during the 24 hour period ending at 8:00 AM ET on May 8th. One Terra Classic coin can now be purchased for $0.0001 or 0.00000000 BTC on major exchanges. Terra Classic has a market cap of $608.38 million and approximately $46.95 million worth of Terra Classic was traded on exchanges in the last day. In the last seven days, Terra Classic has traded up 7.4% against the dollar.

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

• Belrium (BEL) traded flat against the dollar and now trades at $2.51 or 0.00009565 BTC.
• TRON (TRX) traded 2.4% higher against the dollar and now trades at $0.12 or 0.00000197 BTC.
• Tezos (XTZ) traded 0.4% lower against the dollar and now trades at $0.93 or 0.00001497 BTC.
• Terra (LUNA) traded 2.8% higher against the dollar and now trades at $0.62 or 0.00000997 BTC.
• aelf (ELF) traded down 2.6% against the dollar and now trades at $0.54 or 0.00000865 BTC.
• GXChain (GXC) traded 3.1% lower against the dollar and now trades at $0.41 or 0.00000659 BTC.
• Adshares (ADS) traded down 0.5% against the dollar and now trades at $0.41 or 0.00000657 BTC.
• BitShares (BTS) traded down 3% against the dollar and now trades at $0.0031 or 0.00000005 BTC.

About Terra Classic

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 5,801,578,681,550 coins. The official website for Terra Classic is 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. Terra Classic’s official message board is medium.com/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 purchase alternative cryptocurrencies such as Terra Classic directly using U.S. dollars. Investors seeking to acquire Terra Classic should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, Changelly or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Terra Classic using one of the exchanges listed above.

LUNC/USD price chart by TradingView