TerraClassicUSD (USTC) Hits Market Cap of $130.23 Million

TerraClassicUSD (USTC) traded 4.9% lower against the dollar during the 1 day period ending at 17:00 PM Eastern on November 1st. TerraClassicUSD has a total market cap of $130.23 million and approximately $28.48 million worth of TerraClassicUSD was traded on exchanges in the last day. In the last seven days, TerraClassicUSD has traded up 2.3% against the dollar. One TerraClassicUSD coin can now be bought for about $0.0223 or 0.00000032 BTC on popular exchanges.

Here is how similar cryptocurrencies have performed in the last day:

• Avalanche (AVAX) traded 0.2% higher against the dollar and now trades at $24.84 or 0.00035897 BTC.
• NEAR Protocol (NEAR) traded down 2.2% against the dollar and now trades at $3.97 or 0.00005731 BTC.
• Internet Computer (ICP) traded up 0.4% against the dollar and now trades at $7.82 or 0.00011307 BTC.
• Fetch.ai (FET) traded 3.5% lower against the dollar and now trades at $1.24 or 0.00001788 BTC.
• Cronos (CRO) traded down 0% 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 down 0.9% 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 up 1.3% 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 Profile

TerraClassicUSD (CRYPTO: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. 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.”

TerraClassicUSD Coin Trading

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

USTC/USD price chart by TradingView