This brief guide has everything you need to know about the Terra Luna Classic system and coin, including whether and where to buy Terra Luna Classic if you choose.
Are you looking for fast-news, hot-tips and market analysis? Sign-up for the Invezz newsletter, today.
Top places to buy Terra Luna Classic now
As LUNC is such a new asset, it’s yet to be listed on major exchanges. You can still purchase LUNC using a DEX (decentralised exchange) though, which just means there are a few extra steps. To buy LUNC right now, follow these steps:
1. Buy ETH on a regulated exchange or broker, like eToro ›
We suggest eToro because it’s one of the world’s leading multi-asset trading platforms, an exchange and wallet all-in-one with some of the lowest fees in the industry. It’s also beginner-friendly, and has more payment methods available to users than any other available service.
2. Send your ETH to a compatible wallet like Trust Wallet or MetaMask
You’ll need to create your wallet, grab your address, and send your coins there.
3. Connect your wallet to the 1Inch DEX
Head to 1Inch, and ‘connect’ your wallet to it.
4. You can now swap your ETH for LUNC
Now that you’re connected, you’ll be able to swap for 100s of coins including LUNC.
What is Terra Luna Classic?
Luna Classic is the token of the now infamous Terra blockchain, which collapsed in May, moving legislators to consider a ban on algorithmic stablecoins like UST, which lost its peg to the USD, sending Terra in freefall.
On Monday, Binance announced it would burn the token to cut its supply. It had gained more than 50% on the news within a day of the announcement.
Should I buy Terra Luna Classic today?
Terra Luna Classic can definitely be worth investing in if your timing is right. Unfortunately, this is often impossible to know in advance. Any investment decision should take your risk tolerance into account. Don’t take any price predictions at face value.
Terra Luna Classic price prediction
Business 2 Community website reports that Terra Luna Classic’s price has increased by almost 16% in the last 3 days as the whole crypto market begins to turn bullish. It is currently trading within a symmetrical triangle.
Usually, coin prices continue to follow the tendency that existed before a symmetrical triangle was formed.
This means Terra Luna Classic might break out and attempt to retest $0.00031 levels. If it breaks through this value, it might then try to retest resistance at $0.00033. This would mean adding another 10% to its value.
Terra Luna Classic on social media
Invest in crypto, stocks, ETFs & more in minutes with our preferred broker, eToro.
68% of retail CFD accounts lose money