TerraClassicUSD (USTC) Trading Up 2.3% Over Last Week

TerraClassicUSD (USTC) traded down 4.9% against the US dollar during the 24 hour period ending at 17:00 PM ET on November 1st. During the last week, TerraClassicUSD has traded up 2.3% against the US dollar. TerraClassicUSD has a market capitalization of $130.23 million and $28.48 million worth of TerraClassicUSD was traded on exchanges in the last 24 hours. One TerraClassicUSD coin can currently be purchased for $0.0223 or 0.00000032 BTC on popular cryptocurrency exchanges.

Here’s how other cryptocurrencies have performed during the last 24 hours:

• Avalanche (AVAX) traded 0.2% higher against the dollar and now trades at $24.84 or 0.00035897 BTC.
• NEAR Protocol (NEAR) traded 2.2% lower against the dollar and now trades at $3.97 or 0.00005731 BTC.
• Internet Computer (ICP) traded 0.4% higher against the dollar and now trades at $7.82 or 0.00011307 BTC.
• Fetch.ai (FET) traded down 3.5% against the dollar and now trades at $1.24 or 0.00001788 BTC.
• Cronos (CRO) traded 0% lower against the dollar and now trades at $0.0730 or 0.00000106 BTC.
• Hedera (HBAR) traded down 0.2% against the dollar and now trades at $0.0457 or 0.00000066 BTC.
• Cosmos (ATOM) traded 0.9% lower against the dollar and now trades at $4.17 or 0.00006034 BTC.
• Algorand (ALGO) traded up 0.4% against the dollar and now trades at $0.11 or 0.00000166 BTC.
• Akash Network (AKT) traded 1.3% higher against the dollar and now trades at $2.38 or 0.00003438 BTC.
• Kava (KAVA) traded up 0.4% against the dollar and now trades at $0.32 or 0.00000468 BTC.

TerraClassicUSD Coin Profile

TerraClassicUSD (USTC) uses the hashing algorithm. It launched on April 24th, 2019. TerraClassicUSD’s total supply is 8,142,798,746 coins and its circulating supply is 5,829,384,828 coins. The official website for TerraClassicUSD is terraclassic.co.uk. 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 possible to purchase alternative cryptocurrencies such as TerraClassicUSD directly using US dollars. Investors seeking to acquire TerraClassicUSD should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Changelly or Gemini. 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