Terra Classic (LUNC) gains 118% past week: here’s where to buy LUNC coin

After Terra’s hard fork that resulted in the Terra LUNA 2.0 and Terra Classic (LUNC) tokens, the LUNC coin was almost being forgotten as investors opted for the new LUNA 2.0 token. But over the past week, the price of LUNC has gained traction and raised by over 118% thus attracting a lot of attention from investors.

Investors are accumulating the LUNC coin in the hope that it will soon go to at least $1.

To help investors and traders who want to buy Terra Classic (LUNC), Coinjournal has created a brief article to help with identifying the best places to buy it.

To find out more, please continue reading.

Best places to buy Terra Classic (LUNC)

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 Classic (LUNC)?

Terra Classic (LUNC) token resulted from the recent hard fork of the Terra blockchain where the original token was renamed Terra Classic (LUNC) and the new token named Terra 2.0 (LUNA 2.0).

The Terra Classic (LUNC) token now operated on Terra Classic.

The Terra Classic chain is now the chain behind the original UST stablecoin which has since been renamed USTC.

Terra Classic has recently been integrated into the StarShip metaverse, which is one of the largest metaverses, and LUNC will be used as a mode of payment in the StarShip ecosystem. In return, StarShip will assist in the ongoing LUNC burn where it will burn 1.2% of the LUNC tokens it gets as payment.

Should I buy the LUNC today?

If you want to invest in a cryptocurrency that had crashed but currently showing signs of recovery, then the LUNC coin could be a good choice.

Nevertheless, you should be aware of the fact that buying the cryptocurrency market is extremely volatile, especially now when the crypto market prices have dropped considerably.

LUNC price prediction

Going by the current bullish trend, LUNC is expected to drop another zero hopefully by the end of July. Investors are optimistic that it will soon get above $1.

$LUNC social media coverage

Do you think $LUNC can ever reach $1.00 ?#LUNC 🔥🔥🔥🔥

🟢🟢🟢🟢🟢🟢🟢🟢

— LUNC🔥🌕 (@LUNC_OFFICIAL) June 29, 2022

 

 

Someone on reddit post wrote that #USTC will be re-pegged to $1 and #LUNACLASSIC , #LUNC will touch 1 $ in the next few months and this person is helping it to reverse investors losses. pic.twitter.com/By2Mjn2AAr

— Abhishek Patil (@abhishek_hubli) June 29, 2022