TerraClassicUSD (USTC) Market Cap Reaches $107.77 Million

TerraClassicUSD (USTC) traded 2.6% higher against the U.S. dollar during the twenty-four hour period ending at 11:00 AM E.T. on January 17th. One TerraClassicUSD coin can now be bought for $0.0194 or 0.00000018 BTC on major exchanges. TerraClassicUSD has a market cap of $107.77 million and $5.89 million worth of TerraClassicUSD was traded on exchanges in the last 24 hours. During the last seven days, TerraClassicUSD has traded up 5.5% against the U.S. dollar.

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

• Avalanche (AVAX) traded 3.3% higher against the dollar and now trades at $41.23 or 0.00039338 BTC.
• Hedera (HBAR) traded 0.4% higher against the dollar and now trades at $0.37 or 0.00000356 BTC.
• NEAR Protocol (NEAR) traded up 6.4% against the dollar and now trades at $5.63 or 0.00005372 BTC.
• Internet Computer (ICP) traded up 2.9% against the dollar and now trades at $11.30 or 0.00010776 BTC.
• Algorand (ALGO) traded 0.9% lower against the dollar and now trades at $0.47 or 0.00000449 BTC.
• Cronos (CRO) traded up 0.1% against the dollar and now trades at $0.15 or 0.00000139 BTC.
• Fetch.ai (FET) traded 3.8% higher against the dollar and now trades at $1.40 or 0.00001340 BTC.
• Cosmos (ATOM) traded up 3.5% against the dollar and now trades at $6.93 or 0.00006610 BTC.
• Akash Network (AKT) traded up 4.3% against the dollar and now trades at $3.24 or 0.00003094 BTC.
• Kava (KAVA) traded up 2.9% against the dollar and now trades at $0.51 or 0.00000490 BTC.

TerraClassicUSD Coin Profile

TerraClassicUSD (USTC) uses the hashing algorithm. Its genesis date was April 24th, 2019. TerraClassicUSD’s total supply is 7,875,751,958 coins and its circulating supply is 5,561,651,969 coins. The official message board for TerraClassicUSD 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 presently 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, Gemini or Coinbase. 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