TerraClassicUSD (USTC) Market Capitalization Hits $116.52 Million

TerraClassicUSD (USTC) traded 2.5% higher against the dollar during the twenty-four hour period ending at 10:00 AM E.T. on November 5th. One TerraClassicUSD coin can now be purchased for about $0.0209 or 0.00000030 BTC on popular exchanges. TerraClassicUSD has a market capitalization of $116.52 million and $17.13 million worth of TerraClassicUSD was traded on exchanges in the last 24 hours. Over the last seven days, TerraClassicUSD has traded 5.6% lower against the dollar.

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

• Avalanche (AVAX) traded up 3.1% against the dollar and now trades at $24.01 or 0.00034390 BTC.
• NEAR Protocol (NEAR) traded up 6.1% against the dollar and now trades at $3.92 or 0.00005614 BTC.
• Internet Computer (ICP) traded 1.7% higher against the dollar and now trades at $7.32 or 0.00010480 BTC.
• Fetch.ai (FET) traded up 9.9% against the dollar and now trades at $1.26 or 0.00001797 BTC.
• Cronos (CRO) traded up 1% against the dollar and now trades at $0.0724 or 0.00000104 BTC.
• Hedera (HBAR) traded 4.8% higher against the dollar and now trades at $0.0451 or 0.00000065 BTC.
• Cosmos (ATOM) traded 4.8% higher against the dollar and now trades at $4.14 or 0.00005932 BTC.
• Algorand (ALGO) traded 4.3% higher against the dollar and now trades at $0.11 or 0.00000164 BTC.
• Akash Network (AKT) traded up 5.3% against the dollar and now trades at $2.31 or 0.00003305 BTC.
• Theta Fuel (TFUEL) traded up 2.2% against the dollar and now trades at $0.0510 or 0.00000073 BTC.

TerraClassicUSD Coin Profile

TerraClassicUSD (USTC) uses the hashing algorithm. It launched on April 24th, 2019. TerraClassicUSD’s total supply is 7,878,383,415 coins and its circulating supply is 5,564,728,246 coins. The official message board for TerraClassicUSD is medium.com/terra-money. TerraClassicUSD’s official Twitter account is @terra_money and its Facebook page is accessible here. 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 buy alternative cryptocurrencies such as TerraClassicUSD directly using U.S. dollars. Investors seeking to trade TerraClassicUSD should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Changelly or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy TerraClassicUSD using one of the exchanges listed above.

USTC/USD price chart by TradingView