TerraClassicUSD (USTC) Trading Down 33.6% This Week

TerraClassicUSD (USTC) traded 2.2% lower against the US dollar during the 24-hour period ending at 21:00 PM E.T. on April 17th. TerraClassicUSD has a total market capitalization of $150.27 million and $21.99 million worth of TerraClassicUSD was traded on exchanges in the last 24 hours. Over the last week, TerraClassicUSD has traded down 33.6% against the US dollar. One TerraClassicUSD coin can now be purchased for approximately $0.0168 or 0.00000027 BTC on exchanges.

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

• Avalanche (AVAX) traded 4.5% lower against the dollar and now trades at $33.42 or 0.00054458 BTC.
• NEAR Protocol (NEAR) traded down 4.3% against the dollar and now trades at $5.32 or 0.00008666 BTC.
• Internet Computer (ICP) traded 4.5% lower against the dollar and now trades at $11.79 or 0.00019218 BTC.
• Cronos (CRO) traded 4.7% lower against the dollar and now trades at $0.12 or 0.00000198 BTC.
• Cosmos (ATOM) traded 2.3% lower against the dollar and now trades at $8.01 or 0.00013058 BTC.
• Hedera (HBAR) traded 2.8% lower against the dollar and now trades at $0.0780 or 0.00000127 BTC.
• Fetch.ai (FET) traded down 6.8% against the dollar and now trades at $1.98 or 0.00003231 BTC.
• Algorand (ALGO) traded down 4.3% against the dollar and now trades at $0.17 or 0.00000273 BTC.
• Akash Network (AKT) traded down 6.1% against the dollar and now trades at $3.76 or 0.00006129 BTC.
• Kava (KAVA) traded 1% lower against the dollar and now trades at $0.64 or 0.00001046 BTC.

About TerraClassicUSD

TerraClassicUSD uses the hashing algorithm. It launched on April 24th, 2019. TerraClassicUSD’s total supply is 8,962,348,730 coins and its circulating supply is 8,950,540,392 coins. TerraClassicUSD’s official Twitter account is @terra_money and its Facebook page is accessible here. The official message board for TerraClassicUSD is medium.com/terra-money. TerraClassicUSD’s official website is 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.”

TerraClassicUSD Coin Trading

It is usually not possible to purchase alternative cryptocurrencies such as TerraClassicUSD directly using U.S. dollars. Investors seeking to trade TerraClassicUSD should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, GDAX 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