TerraClassicUSD (USTC) Price Down 13% Over Last 7 Days

TerraClassicUSD (USTC) traded 4.7% lower against the dollar during the twenty-four hour period ending at 10:00 AM ET on January 29th. TerraClassicUSD has a market capitalization of $78.60 million and $4.00 million worth of TerraClassicUSD was traded on exchanges in the last day. One TerraClassicUSD coin can currently be purchased for approximately $0.0141 or 0.00000014 BTC on exchanges. Over the last seven days, TerraClassicUSD has traded 13% lower against the dollar.

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

• Avalanche (AVAX) traded down 4.4% against the dollar and now trades at $32.52 or 0.00031947 BTC.
• Hedera (HBAR) traded down 4.5% against the dollar and now trades at $0.30 or 0.00000296 BTC.
• NEAR Protocol (NEAR) traded 3.6% lower against the dollar and now trades at $4.39 or 0.00004312 BTC.
• Internet Computer (ICP) traded down 6% against the dollar and now trades at $8.45 or 0.00008306 BTC.
• Cronos (CRO) traded down 3.5% against the dollar and now trades at $0.13 or 0.00000125 BTC.
• Algorand (ALGO) traded down 4.9% against the dollar and now trades at $0.36 or 0.00000356 BTC.
• Fetch.ai (FET) traded 8.8% lower against the dollar and now trades at $0.97 or 0.00000951 BTC.
• Cosmos (ATOM) traded 1.8% lower against the dollar and now trades at $5.78 or 0.00005678 BTC.
• Akash Network (AKT) traded down 4.3% against the dollar and now trades at $2.48 or 0.00002436 BTC.
• Kava (KAVA) traded 6.5% lower against the dollar and now trades at $0.41 or 0.00000399 BTC.

TerraClassicUSD Profile

TerraClassicUSD (CRYPTO:USTC) uses the hashing algorithm. It launched on April 24th, 2019. TerraClassicUSD’s total supply is 7,875,345,387 coins and its circulating supply is 5,561,188,524 coins. TerraClassicUSD’s official message board is medium.com/terra-money. TerraClassicUSD’s official website is commonwealth.im/terra-luna-classic-lunc. 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 Gemini, GDAX or Coinbase. 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