Terra Classic Self Reported Market Capitalization Hits $650.34 Million (LUNC)

Terra Classic (LUNC) traded down 1.9% against the U.S. dollar during the 1-day period ending at 21:00 PM ET on May 26th. One Terra Classic coin can currently be bought for approximately $0.0001 or 0.00000000 BTC on major cryptocurrency exchanges. During the last seven days, Terra Classic has traded up 8.7% against the U.S. dollar. Terra Classic has a total market capitalization of $650.34 million and approximately $18.35 million worth of Terra Classic was traded on exchanges in the last day.

Here is how similar cryptocurrencies have performed during the last day:

  • Belrium (BEL) traded flat against the dollar and now trades at $2.51 or 0.00009565 BTC.
  • TRON (TRX) traded down 0.9% against the dollar and now trades at $0.11 or 0.00000164 BTC.
  • Tezos (XTZ) traded down 3.3% against the dollar and now trades at $0.96 or 0.00001398 BTC.
  • Terra (LUNA) traded down 2.5% against the dollar and now trades at $0.60 or 0.00000872 BTC.
  • aelf (ELF) traded 0.8% lower against the dollar and now trades at $0.52 or 0.00000757 BTC.
  • GXChain (GXC) traded down 0.5% against the dollar and now trades at $0.41 or 0.00000600 BTC.
  • Adshares (ADS) traded down 20.2% against the dollar and now trades at $0.31 or 0.00000446 BTC.
  • BitShares (BTS) traded down 0.5% against the dollar and now trades at $0.0032 or 0.00000005 BTC.

About Terra Classic

LUNC uses the hashing algorithm. It was first traded on April 23rd, 2019. Terra Classic’s total supply is 6,794,537,545,225 coins and its circulating supply is 5,792,166,979,917 coins. Terra Classic’s official message board is medium.com/terra-money. 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.

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 U.S. dollars. Investors seeking to acquire Terra Classic should first purchase 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 purchase Terra Classic using one of the exchanges listed above.

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