TerraClassicUSD (USTC) Trading 30.6% Higher Over Last 7 Days

TerraClassicUSD (USTC) traded 30.2% higher against the dollar during the 1-day period ending at 21:00 PM ET on May 5th. One TerraClassicUSD coin can currently be bought for approximately $0.0250 or 0.00000039 BTC on cryptocurrency exchanges. TerraClassicUSD has a total market cap of $223.91 million and approximately $54.24 million worth of TerraClassicUSD was traded on exchanges in the last 24 hours. Over the last seven days, TerraClassicUSD has traded up 30.6% against the dollar.

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

• Avalanche (AVAX) traded up 1.3% against the dollar and now trades at $37.63 or 0.00058415 BTC.
• NEAR Protocol (NEAR) traded 9.1% higher against the dollar and now trades at $7.44 or 0.00011547 BTC.
• Internet Computer (ICP) traded 1.5% higher against the dollar and now trades at $13.26 or 0.00020584 BTC.
• Hedera (HBAR) traded 7.8% higher against the dollar and now trades at $0.12 or 0.00000180 BTC.
• Cosmos (ATOM) traded 8.2% higher against the dollar and now trades at $9.42 or 0.00014619 BTC.
• Cronos (CRO) traded up 1.8% against the dollar and now trades at $0.13 or 0.00000208 BTC.
• Fetch.ai (FET) traded 13.6% higher against the dollar and now trades at $2.43 or 0.00003775 BTC.
• Algorand (ALGO) traded 2.1% higher against the dollar and now trades at $0.20 or 0.00000307 BTC.
• Akash Network (AKT) traded up 14.3% against the dollar and now trades at $4.90 or 0.00007660 BTC.
• Kava (KAVA) traded up 3% against the dollar and now trades at $0.70 or 0.00001082 BTC.

About TerraClassicUSD

TerraClassicUSD (USTC) uses the hashing algorithm. It was first traded on April 24th, 2019. TerraClassicUSD’s total supply is 8,961,556,990 coins and its circulating supply is 8,949,613,035 coins. TerraClassicUSD’s official Twitter account is @terra_money and its Facebook page is accessible here. The official website for TerraClassicUSD is terra.money. TerraClassicUSD’s official message board 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 presently possible to purchase alternative cryptocurrencies such as TerraClassicUSD directly using US dollars. Investors seeking to acquire TerraClassicUSD should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Coinbase or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase TerraClassicUSD using one of the aforementioned exchanges.

USTC/USD price chart by TradingView