TerraClassicUSD (USTC) Trading 11.1% Higher Over Last 7 Days

TerraClassicUSD (USTC) traded 3% higher against the US dollar during the one day period ending at 0:00 AM ET on July 14th. TerraClassicUSD has a market cap of $94.22 million and $5.55 million worth of TerraClassicUSD was traded on exchanges in the last day. One TerraClassicUSD coin can currently be purchased for approximately $0.0169 or 0.00000027 BTC on popular cryptocurrency exchanges. Over the last seven days, TerraClassicUSD has traded up 11.1% against the US dollar.

Here is how other cryptocurrencies have performed over the last day:

• Avalanche (AVAX) traded 4% higher against the dollar and now trades at $26.99 or 0.00043054 BTC.
• NEAR Protocol (NEAR) traded 5.4% higher against the dollar and now trades at $5.58 or 0.00008907 BTC.
• Internet Computer (ICP) traded down 0.3% against the dollar and now trades at $8.84 or 0.00014096 BTC.
• Hedera (HBAR) traded 3.9% higher against the dollar and now trades at $0.0735 or 0.00000117 BTC.
• Cronos (CRO) traded 2.3% higher against the dollar and now trades at $0.0937 or 0.00000149 BTC.
• Cosmos (ATOM) traded 2.2% higher against the dollar and now trades at $6.31 or 0.00010061 BTC.
• Fetch.ai (FET) traded up 11.3% against the dollar and now trades at $1.31 or 0.00002096 BTC.
• Algorand (ALGO) traded up 8.6% against the dollar and now trades at $0.16 or 0.00000252 BTC.
• Akash Network (AKT) traded 2.7% higher against the dollar and now trades at $3.49 or 0.00005711 BTC.
• Theta Fuel (TFUEL) traded 2.6% higher against the dollar and now trades at $0.0719 or 0.00000115 BTC.

About TerraClassicUSD

USTC uses the hashing algorithm. It was first traded on April 24th, 2019. TerraClassicUSD’s total supply is 8,958,834,674 coins and its circulating supply is 5,579,863,697 coins. TerraClassicUSD’s official message board is medium.com/terra-money. The official website for TerraClassicUSD is 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 buy alternative cryptocurrencies such as TerraClassicUSD directly using U.S. dollars. Investors seeking to acquire TerraClassicUSD should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Coinbase or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to buy TerraClassicUSD using one of the exchanges listed above.

USTC/USD price chart by TradingView