cryptocurrency widget, price, heatmap
icon user

Log in

cryptocurrency widget, price, heatmap

Add watchlist

icon add
Cryptocurrencies/Coins/Terra Classic (LUNC)
Terra Classic price, market cap on Coin360 heatmap

Terra Classic(LUNC)

Arrow icon
Add to Watchlist
$0.000108
(-1.51%)
0.1664 SAT
Market Cap (Rank#126)
$629,569,655
9,691 BTC
Vol 24h
$16,225,808
249.762 BTC
Circulating Supply
5,823,517,400,097.40
Max Supply
995,434,290
79 days agonulltx
Avalanche (AVAX) and Luna Classic (LUNC) Biggest Holders Load Up On Pullix (PLX)
Avalanche (AVAX) has also showcased a rapid upswing with its value, which can result in even further gains during the upcoming trading sessions as the overall market turns in a bullish direction. In the meantime, Luna Classic (LUNC) is also green on the charts. Despite this performance, many holders are […]
88 days agozycrypto
Do Kwon’s Terraform Labs Files For Bankruptcy Protection; Terra Ecosystem’s LUNA, LUNC Plummet
In a surprising turn of events, Terraform Labs, once a titan in the crypto industry, has filed for bankruptcy protection in the United States.
119 days agocryptodaily
3 Tokens Below $3 to Buy for Easy 15X Gains in 2024: Bonk (BONK), Retik Finance (RETIK), Luna Classic (LUNC)
Three tokens below $3 have caught the attention of savvy investors looking for easy 15X gains in 2024: Bonk (BONK), Retik Finance (RETIK), and Luna Classic (LUNC).
129 days agonulltx
Future Crypto Trends: Rebel Satoshi and Terra Classic Set to Challenge ORDI’s Dominance
TLDR New meme coin RebelSatoshi combines a revolutionary goal and DeFi rewards Binance proves a positive influence in the recent Terra Classic rally ORDI dips slightly below $50 after sentiment expressed by Bitcoin developer The crypto market is in a buying frenzy, as old coins like Terra Classic (LUNC) and […]
134 days agocryptodaily
Terra Classic Up Over 200% Over The Month, Pullix Predicted to 10x And KAVA Poised For Rally
Amidst the current volatile wave currently raging in the crypto space, some altcoins are fighting to be among the best cryptos for investment
134 days agonulltx
Terra Classic and FTX Token Surge in Rapid Growth; Rising AI Altcoin Attracts Huge Investments
Get ready to ride the wave of exciting developments in the crypto landscape. This article explores the surging success of Terra Classic (LUNC) and the FTX Token (FTT) while shining a spotlight on the rising star of the AI altcoin scene – InQubeta (QUBE). It’s a tale of rapid growth, […]
134 days agonulltx
As Terra Classic (LUNC) Rises Rapidly, a New Presale Ignites Unprecedented Investor Excitement
Summary The Terra Classic (LUNC) community is celebrating a new Perpetual Futures contract on BitMEX LUNC has already risen sharply since November. VC Spectra (SPCT) entices crypto hedge fund investors with various rewards and investment approaches. Terra Classic (LUNC) could capitalize on the current market bullishness following its new Perpetual […]
138 days agonulltx
USTC & LUNC Eye $1 After Key Vote; New AI Altcoin Gains Investors Favor
Remember TerraClassicUSD (USTC) and Terra luna classic (LUNC)?  Those remnants of the blown-up Terra blockchain that many wrote off? Well, guess what – they’re back in the game and how! This week, they’ve been on a skyrocketing spree, and the buzz is they might just be eyeing that elusive $1.00 […]
139 days agonulltx
Terra Ecosystem Excels As $LUNA Surpasses The $1 Mark; $LUNC Achieves $1B Market Cap
In the past few weeks, the Terra ecosystem has demonstrated impressive performance, outshining broader market trends with significant gains. During November, Terraform Labs, overseeing Terra Luna Classic (LUNC) and TerraClassicUSD (USTC) altcoins, distributed over $17 million across various liquidity pools. This strategic move, including allocations like $1.5M for LUNA/axlUSDC, $1M […]
141 day agonulltx
Binance Burns 3.9 Billion $LUNC As It Surges to 8-Month High
Recently, Binance, the world’s leading cryptocurrency exchange, executed the 16th batch of Terra Classic ($LUNC) burning. This resulted in the incineration of a staggering notable 3.9 billion LUNC tokens. This event, the first burn since the departure of former CEO Changpeng Zhao, has triggered remarkable shifts in the $LUNC market. […]
143 days agocryptodaily
Price Analysis for SEI (Sei Network), IOTA, and Terra Classic (LUNC): The New Crypto Titans?
Explore the latest crypto market trends in this insightful article. Discover SEI Network's EVM compatibility and its impact on the market, IOTA's strategic expansion into the Middle East, and the surging prices of Terra Classic (LUNC). Learn about SEI's all-time high, IOTA's regulatory achievements, and the remarkable comeback of Terra Classic. This comprehensive analysis covers key developments and predictions, offering a glimpse into the potential turning points and emerging titans in the cryptocurrency world
144 days agocryptodaily
Litecoin (LTC) and Terra Classic (LUNC) Holders Exploring the ScapesMania Presale
Get the latest scoop on Litecoin (LTC) and Terra Classic (LUNC) as they ride the crypto rollercoaster. Our crisp analysis dives into the LTC quest for new highs and the LUNC comeback saga. Discover key market trends and insights that could shape their journey ahead. Stay ahead of the curve with our expert analysis on whether these digital currencies will soar to new heights or face unforeseen challenges.
144 days agonulltx
LUNA CLASSIC PRICE ANALYSIS & PREDICTION (November 29) – Lunc’s Next Target Is $0.00014 After Posting 80% Gains In A Month
Luna Classic advanced bullish this week following a strong rebound last Thursday. While the price remains strong on a daily, it looks highly volatile across major timeframes following a huge gain in the past week. Lunc started to show signs of strength after establishing support at $0.000055 in October. Following […]
146 days agocryptopotato
Here’s Why the Terra Classic Price Has Pumped: 3 Other Altcoins That Could Surge This Week
In the past 24 hours, the Terra Classic (LUNC) price has shocked the market with a sudden 50% pump, hitting the $0.000116 level. LUNC has seen a remarkable resurgence thanks to multiple catalysts, but sustainability remains a question mark hanging over the token’s future trajectory. This article analyzes the drivers behind Terra Classic’s pump and […]
146 days agocryptopotato
Terra-Related Assets (USTC, LUNC, LUNA) Skyrocket, BTC Slipped to $37K (Market Watch)
Terra's failed stablecoin is particularly impressive today with a massive triple-digit surge.
156 days agocryptodaily
Terra (LUNA) and Terra Classic (LUNC) Slowing Momentum, Is $1 Still a Realistic Goal?
Dive into the dynamic world of Terra (LUNA) and Terra Classic (LUNC) as they navigate through a crucial phase in the crypto market. Our in-depth analysis examines the latest trends and challenges facing these two digital assets, highlighting the slowdown in their growth and the looming uncertainty about their ability to reach the coveted $1 mark. Equip yourself with our expert insights to navigate the unpredictability of LUNA and LUNC, ensuring you're well-prepared for any potential twists and turns in their path to success.
161 day agocryptodaily
Are Terra (LUNA) and Terra Classic (LUNC) Setting Up for a Monumental Rally?
Dive into a detailed analysis of Terra (LUNA) and Terra Classic (LUNC) with expert commentary on recent surges, technical indicators, and price predictions. Understand the bullish and bearish scenarios in the context of Bitcoin's influence on the broader crypto market.
164 days agocoindesk
SBF Trial: The Last Day of Summer Camp
We weren't really sure if it was the last day or not. The jury determining Sam Bankman-Fried's fate had begun deliberating the charges just a few hours before, after Judge Lewis Kaplan had spent much of the morning and some time after lunch reading out a 60-page charging document. Surely a case of this complexity – seven different charges, billions of dollars allegedly stolen, questions about whether witnesses were telling the truth – would take a while.
166 days agocoindesk
The Handover Begins: TradFi Takes Center Stage in Crypto’s Next Phase
Not only are institutions here, but they’re starting to eat the crypto-natives’ lunches. This is a catalyst for further development and innovation in the digital assets space, say Mark Arasaratnam and Ilan Solot at Marex.
171 day agocryptodaily
Suspense Rises as VeChain (VET), Polkadot (DOT) and Terra Luna Classic (LUNC) Ponder Their Next Moves
Dive into the dynamic realm of cryptocurrency as VeChain (VET), Polkadot (DOT), and Terra Luna Classic (LUNC) capture traders' attention with their market movements. Uncover the latest developments in their pricing trends, analyze the pivotal technical signals, and ponder their future market positions. Stay ahead of the curve with in-depth reflections on VET, DOT, and LUNC as they navigate the unpredictable tides of the crypto ecosystem, guiding your investment decisions in this constantly shifting landscape.
201 day agocoindesk
TV's Kevin O’Leary: ‘All the Crypto Cowboys Are Going to Be Gone Soon’
O’Leary, an entrepreneur and television personality, was paid $15 million by FTX for “20 service hours, 20 social posts, one virtual lunch and 50 autographs,” according to Michael Lewis’ new book "Going Infinite."
209 days agocoindesk
Terra Classic Community Votes to Stop USTC Minting as Revival Efforts Continue
TerraUSD Classic, the stablecoin at the center of Terra’s implosion, will no longer be minted.
210 days agocointelegraph
Terra Classic community elects to cease USTC minting
The community strongly supports discontinuing TerraClassicUSD (USTC) minting and reminting, actively engaging in USTC burning to restore its peg against the US dollar.
237 days agocryptopotato
Terra Classic Price Continues to Struggle, But These Penny Cryptos Look Bullish
Terra Classic (LUNC) is struggling to regain its footing in the market, with prices falling over 9% in the past week. LUNC has now closed in the red for six weeks in a row, marking the token’s worst run since April. However, while LUNC struggles, lesser-known coins Wall Street Memes (WSM) and Launchpad XYZ (LPX) […]

About Terra Classic?

The live price of Terra Classic (LUNC) today is 0.000108 USD, and with the current circulating supply of Terra Classic at 5,823,517,400,097.40 LUNC, its market capitalization stands at 629,569,655 USD. In the last 24 hours LUNC price has moved -0.000001 USD or -0.01% while 16,329,297 USD worth of LUNC has been traded on various exchanges. The current valuation of LUNC puts it at #126 in cryptocurrency rankings based on market capitalization.

Learn more about the Terra Classic blockchain network and how it works or follow the price of its native cryptocurrency LUNC and the broader market with our unique COIN360 cryptocurrency heatmap.

Terra Classic is a proof-of-stake (PoS) layer-1 blockchain for decentralized applications with a native coin LUNA Classic (previously known as LUNA) and a suite of algorithmic stablecoins pegged to fiat currencies, such as USD, GBP and KWT. It was launched in 2018 by entrepreneurs Do Kwon and Daniel Shin. 

In May 2022, Terra’s UST stablecoin, supposed to trade at $1, lost its parity with U.S. dollar and led to a collapse of the broader Terra ecosystem. By May 2022, UST was the largest algorithmic stablecoin by market capitalization and the third-largest of all stablecoins. Its implosion sent the entire crypto market into panic mode, with BTC falling below $30,000. 

In response to the crash, the community approved the proposal by Do Kwon to launch a new blockchain called Terra 2.0 without UST stablecoin as a part of the revival plan. The old blockchain was renamed to Terra Classic, and its native token name was changed to LUNA Classic (LUNC), in the same manner as Ethereum Classic. 

Prior to the collapse of UST stablecoin and the network’s native token, Terra was viewed as a prominent “Ethereum killer”. Boasting high transaction throughput and network scalability, Terra Classic was the second-largest layer-1 ecosystem by total value locked (TVL), accumulating more than $30 billion in its protocols by May. 5, 2022. 

Yet, the future of Terra Classic is now bleak as 98% of TVL was sucked from the ecosystem by May. 25, 2022, according to Footprint Analytics, and the major projects are reportedly moving off the network. 

LUNC and UST may find it virtually impossible to recover in the face of continued community backlash and loss of trust in the ecosystem's digital assets.

LUNC price

Ассording to our LUNC USD live price chart, LUNC coin saw its first major spike in Q1 2021, when it rose from $0.65 on Jan. 1 to just under $22 on Mar. 21, 2021. That 3,200$+ rally was followed by an 81% drop in May 2021. LUNC was then trading sideways until late July. 

The price of LUNC jumped again as the market entered the Layer-1 speculative frenzy in August. LUNC’s growth was perpetuated by Terra’s Columbus-5 upgrade in September, sending the coin to a new all-time high of $46.73 on Oct. 8, as per Coin360 data. 

LUNC then peaked by the end of 2022, reaching a new all-time high above $90 on Dec. 27, 2021, and achieving a market capitalization of $38 billion, despite the bearish sentiment in the broader crypto market. 

The news that Terra’s UST stablecoin will be backed by Bitcoin and evidence that the Luna Foundation Guard, a non-profit organization responsible for safeguarding the UST peg, is actively purchasing BTC fueled the price of LUNC. Terra’s native coin updated its all-time high for the final time, printing a record of $116 on Apr. 6, according to LUNC USD price chart.  

How LUNC works

Terra Classic is a smart contract platform built on the Cosmos SDK that uses Tendermint BFT consensus. Terra Classic claims to enable up to 10,000 transactions per second with a transaction finality of 2 seconds. Since smart contracts are not native to Cosmos SDK, developers utilize an external CosmWasm toolkit to build multichain contracts on Terra Classic. 

Terra Classic built bridges to multiple blockchains such as Ethereum, Solana, Avalanche, Cosmos and some layer-2s, among the others, which at a time helped the network attract massive liquidity.

The native coin of Terra Classic LUNC (previously LUNA) is used to pay for transaction fees on the network and participate in governance. Users can also stake LUNC stake in order to validate transactions on the network and receive rewards. 

LUNC also serves as a collateral for TerraUSD (UST) stablecoin. The supply of LUNC is not capped and can grow exponentially, so LUNC token has no floor price. 

Terra Classic’s two-token UST-LUNA model was, at the time, admired by the crypto community as it made UST a “truly decentralized” stablecoin, unlike its centralized counterparts USDT and USDC, or MakerDAO’s Dai, which has a mix of centralized stablecoins in its reserves. The purpose of Terra Classic was to make UST a go-to stablecoin in the broader crypto ecosystem, as well as to bring it to non-crypto audiences through e-commerce use cases. 

TerraUSD utilizes a stability mechanism where LUNC is used as a backing and is burned or minted if UST diverges from $1. In case UST lost its peg under usual market conditions and went down to $0.99, for example, traders were incentivised to swap 1 UST for $1 worth of LUNA to make $0.01 in profit. The demand for UST would then increase and its price would return to the peg. A crucial aspect that was overlooked is how the value of LUNA is directly tied to the demand for UST stablecoin. This stabilization mechanism eventually sent both UST and LUNA into the death spiral. 

LUNC news, updates and highlights

Terra Classic saw a meteoric rise throughout Q4 2021 and Q1 2022, with its TVL growing threefold during this time frame. In the time of active growth, the demand for UST, and consecutively for native coin LUNC, was constantly increasing. This can be attributed to a 20% APY on UST stablecoin offered by Anchor protocol, native demand for UST from the growing Terra ecosystem, and an array of UST integrations into other blockchains and DeFi protocols. 

As a result, the market capitalization of UST swelled to nearly $18.5 billion before the crash, while Terra Classic’s native token LUNC had a market capitalization of nearly $42 billion at its all-time high, as per Coin360 data. 

The economy showed the first signs of contraction on May 7 after a whale reportedly swapped 85 million UST for 84.5 million USDC. The UST de-peg drama started on May 8, driven by a combination of negative factors that all played out at the same time. 

First, the sell-off in the US equities sent the crypto markets into extreme fear, and LFG reserves also took a hit, making it more difficult to maintain the UST peg even if the reserve assets are sold. Mass withdrawals of UST from Anchor protocol, the leading lender on Terra Classic, was another catalyst of the collapse as the withdrawn tokens were sold on centralized exchanges like Binance, creating selling pressure on UST. The Curve DEX UST pools were also drained as traders cashed out, with an imbalance in the Curve pool causing UST to lose its peg. 

You can read how the drama unfolded in detail in this article, but in short, all UST salvation attempts turned out to be botched. Prior to the crash, the Luna Foundation Guard (LFG) had stockpiled over $3.5 billion worth of reserves, including a stash of Bitcoin. As the LFG was trying to defend the peg, it almost emptied the reserves buying UST off the market for reserve assets. This resulted in a wide-reaching domino effect, sending down the price of Bitcoin and the major altcoins. 

Meanwhile, as confidence in a peg reversion waned, users redeemed billions worth of UST for LUNC and immediately sold it on the market, causing hyperinflation in LUNC. Trillions of LUNC coins were minted, and LUNC price crashed 100% in one week, plunging to effectively zero. 

In an attempt to reconstitute the network the Terra community voted to split the network into Terra Classic, which will preserve the old tokenomics model, and Terra (or Terra 2.0), which launched without UST on May 28, 2022. 

The future of Terra Classic after a new chain is born is hard to predict, but it’s safe to say that it won’t be able to grow larger than it was prior to the UST crash, both in terms of the asset prices and activity on the network. 

The rapid and brutal collapse eroded trust to the network among users and large investors, let alone scrutiny from South Korea’s financial regulators. The largest protocols with popular use cases are also migrating to the new Terra chain, Juno network, and Polygon, among other destinations. 

Unless excess LUNC that was minted after the UST de-peg is burned by the community decision, it is impossible for the token to get anywhere close to its all-time high given the current circulating supply of $6.54 trillion tokens.

One possible scenario for Terra Classic would be the one of Ethereum Classic, another forked network. Like in the case of Ethereum and Ethereum Classic, Terra and Terra Classic have completely different tokenomics. Another similarity here would be developer activity, as the newer chain has more builders and applications. 

Though significantly lagging Ethereum in terms of development and price action, Ethereum Classic is still alive and resides in the top 50 coins by market capitalization, according to Coin360 data. Yet, it’s unclear whether Terra Classic itself would be able to make it into the next bull market. 

Frequently asked questions about LUNC?

  • Can you mine or stake LUNC?

LUNC is a Proof-of-Stake cryptocurrency, which means LUNC coins cannot be mined, but can be staked. Users can become validators themselves and receive rewards for validating transactions. Either way, LUNC holders can delegate their coins to a validator to earn rewards for staking. 

  • What are some of the best LUNC wallets?

Terra Classic offers Terra Station, its native desktop and mobile wallet. 

  • What can you do with LUNC?

You can use LUNC coins to pay for computing power on the Terra Classic network, stake them for staking rewards, or trade them against other cryptocurrencies.

  • How to buy LUNC?

After the UST crash, major exchanges halted some trading pairs with LUNC. You can still buy LUNC on ByBit (LUNC/USDT trading pair), MEXC (LUNC/USDT), or Binance (LUNC/BUSD trading pair).

Terra Classic Price0.000108 USD
Market Rank#126
Market Cap629,569,655 USD
24h Volume16,225,808 USD
Circulating Supply5,823,517,400,097.40 LUNC
Max Supply995,434,290 LUNC
Yesterday's Market Cap630,443,328 USD
Yesterday's Open / Close0.00011 USD / 0.000108 USD
Yesterday's High / Low0.000112 USD / 0.000107 USD
Yesterday's Change
-0.01% ( 0.000001 USD )
Yesterday's Volume16,329,297 USD
Mining Info
Hashing algorithmScrypt
Pools (known)1
Pools Hashrate4.05 MH/s
Network Hashrate9.72 MH/s
By MiningPoolStats
MiningPoolStatsVisit
Select...
/
Select...
Powered by  Cryptocurrency prices in USD, market cap, volume
Sorry, no liquidity for this pair
Related Coins
cryptocurrency widget, price, heatmap
v 5.6.7
© 2017 - 2024 COIN360.com. All Rights Reserved.
Arrow icon