TerraClassicUSD Trading Up 8% This Week (USTC)

TerraClassicUSD (USTC) traded down 4.1% against the US dollar during the twenty-four hour period ending at 14:00 PM ET on October 22nd. One TerraClassicUSD coin can currently be bought for approximately $0.0230 or 0.00000034 BTC on exchanges. TerraClassicUSD has a total market cap of $134.09 million and $55.80 million worth of TerraClassicUSD was traded on exchanges in the last 24 hours. Over the last week, TerraClassicUSD has traded 8% higher against the US dollar.

Here’s how related cryptocurrencies have performed over the last 24 hours:

• Avalanche (AVAX) traded down 0.3% against the dollar and now trades at $27.67 or 0.00041125 BTC.
• NEAR Protocol (NEAR) traded down 3.3% against the dollar and now trades at $4.66 or 0.00006918 BTC.
• Internet Computer (ICP) traded down 1.2% against the dollar and now trades at $7.90 or 0.00011742 BTC.
• Cronos (CRO) traded down 1% against the dollar and now trades at $0.0770 or 0.00000114 BTC.
• Hedera (HBAR) traded 4.7% lower against the dollar and now trades at $0.0518 or 0.00000077 BTC.
• Cosmos (ATOM) traded down 2.4% against the dollar and now trades at $4.74 or 0.00007043 BTC.
• Fetch.ai (FET) traded down 2.9% against the dollar and now trades at $1.35 or 0.00002002 BTC.
• Algorand (ALGO) traded down 2% against the dollar and now trades at $0.12 or 0.00000184 BTC.
• Akash Network (AKT) traded down 1.5% against the dollar and now trades at $2.46 or 0.00003673 BTC.
• Theta Fuel (TFUEL) traded down 2% against the dollar and now trades at $0.0602 or 0.00000089 BTC.

About TerraClassicUSD

USTC uses the hashing algorithm. It launched on April 24th, 2019. TerraClassicUSD’s total supply is 8,143,238,636 coins and its circulating supply is 5,829,892,649 coins. TerraClassicUSD’s official Twitter account is @terra_money and its Facebook page is accessible here. TerraClassicUSD’s official message board is medium.com/terra-money. TerraClassicUSD’s official website is terraclassic.co.uk.

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 purchase alternative cryptocurrencies such as TerraClassicUSD directly using US dollars. Investors seeking to trade TerraClassicUSD should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Coinbase or Changelly. 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