TerraClassicUSD Trading 20% Lower Over Last Week (USTC)

TerraClassicUSD (USTC) traded 1.4% lower against the US dollar during the 1-day period ending at 11:00 AM Eastern on March 10th. In the last week, TerraClassicUSD has traded down 20% against the US dollar. TerraClassicUSD has a total market cap of $64.09 million and approximately $6.79 million worth of TerraClassicUSD was traded on exchanges in the last 24 hours. One TerraClassicUSD coin can currently be bought for $0.0115 or 0.00000014 BTC on major exchanges.

Here is how related cryptocurrencies have performed in the last 24 hours:

• Hedera (HBAR) traded 4.1% lower against the dollar and now trades at $0.20 or 0.00000252 BTC.
• Avalanche (AVAX) traded 7.7% lower against the dollar and now trades at $17.81 or 0.00022187 BTC.
• NEAR Protocol (NEAR) traded 8.8% lower against the dollar and now trades at $2.47 or 0.00003075 BTC.
• Internet Computer (ICP) traded down 3.7% against the dollar and now trades at $5.46 or 0.00006810 BTC.
• Cronos (CRO) traded down 5.9% against the dollar and now trades at $0.0805 or 0.00000100 BTC.
• Algorand (ALGO) traded 6.1% lower against the dollar and now trades at $0.20 or 0.00000248 BTC.
• Cosmos (ATOM) traded down 1.9% against the dollar and now trades at $3.88 or 0.00004838 BTC.
• Fetch.ai (FET) traded 2.9% lower against the dollar and now trades at $0.52 or 0.00000650 BTC.
• Kava (KAVA) traded down 2.2% against the dollar and now trades at $0.41 or 0.00000507 BTC.
• Akash Network (AKT) traded 8% lower against the dollar and now trades at $1.12 or 0.00001398 BTC.

TerraClassicUSD Profile

USTC uses the hashing algorithm. It was first traded on April 24th, 2019. TerraClassicUSD’s total supply is 7,869,740,949 coins and its circulating supply is 5,554,846,704 coins. TerraClassicUSD’s official website is commonwealth.im/terra-luna-classic-lunc. The official message board for TerraClassicUSD is medium.com/terra-money. TerraClassicUSD’s official Twitter account is @terra_money and its Facebook page is accessible here.

According to CryptoCompare, “TerraClassicUSD (USTC) is a digital asset built on the Terra blockchain and created due to the de-pegging of TerraUSD (UST) from the US dollar. USTC is designed to provide users with a digital asset that maintains a value relative to a basket of assets, including the US Dollar and other stablecoins. It is issued and managed by Terraform Labs and provides an easy and secure way to transfer value within the Terra network. In early May 2022, the price of Terra’s LUNA and UST tokens began to plummet, leading to the collapse of both tokens and the Terra network. To protect users, Terraform Labs moved users’ UST tokens to the Terra Classic wallet, exchanging them for USTC tokens, and providing more market liquidity.”

TerraClassicUSD Coin Trading

It is usually not presently possible to purchase alternative cryptocurrencies such as TerraClassicUSD directly using U.S. dollars. Investors seeking to trade TerraClassicUSD should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, Changelly or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase TerraClassicUSD using one of the aforementioned exchanges.

USTC/USD price chart by TradingView