TerraClassicUSD (USTC) Trading Down 14.5% Over Last Week

TerraClassicUSD (USTC) traded up 4.7% against the US dollar during the one day period ending at 10:00 AM Eastern on February 26th. Over the last week, TerraClassicUSD has traded 14.5% lower against the US dollar. TerraClassicUSD has a total market capitalization of $82.94 million and $7.38 million worth of TerraClassicUSD was traded on exchanges in the last day. One TerraClassicUSD coin can currently be bought for approximately $0.0149 or 0.00000017 BTC on exchanges.

Here’s how related cryptocurrencies have performed over the last day:

• Avalanche (AVAX) traded 6.4% higher against the dollar and now trades at $22.05 or 0.00025222 BTC.
• Hedera (HBAR) traded up 8.5% against the dollar and now trades at $0.20 or 0.00000226 BTC.
• NEAR Protocol (NEAR) traded 6.5% higher against the dollar and now trades at $3.04 or 0.00003479 BTC.
• Internet Computer (ICP) traded 6.7% higher against the dollar and now trades at $6.47 or 0.00007398 BTC.
• Algorand (ALGO) traded up 8.7% against the dollar and now trades at $0.24 or 0.00000272 BTC.
• Cronos (CRO) traded 2.6% higher against the dollar and now trades at $0.0752 or 0.00000086 BTC.
• Cosmos (ATOM) traded 8.5% higher against the dollar and now trades at $4.54 or 0.00005198 BTC.
• Fetch.ai (FET) traded 3.6% higher against the dollar and now trades at $0.66 or 0.00000750 BTC.
• Kava (KAVA) traded 4.7% higher against the dollar and now trades at $0.41 or 0.00000469 BTC.
• Akash Network (AKT) traded 3.2% higher against the dollar and now trades at $1.60 or 0.00001850 BTC.

About TerraClassicUSD

TerraClassicUSD (CRYPTO:USTC) uses the hashing algorithm. Its launch date was April 24th, 2019. TerraClassicUSD’s total supply is 7,871,784,410 coins and its circulating supply is 5,557,149,880 coins. TerraClassicUSD’s official Twitter account is @terra_money and its Facebook page is accessible here. TerraClassicUSD’s official website is commonwealth.im/terra-luna-classic-lunc. The official message board for TerraClassicUSD is medium.com/terra-money.

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.”

Buying and Selling TerraClassicUSD

It is usually not possible to buy alternative cryptocurrencies such as TerraClassicUSD directly using U.S. dollars. Investors seeking to trade TerraClassicUSD should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, Changelly or GDAX. 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