TerraClassicUSD (USTC) Price Down 25.7% This Week

TerraClassicUSD (USTC) traded up 5.7% against the dollar during the 1 day period ending at 10:00 AM E.T. on April 19th. Over the last seven days, TerraClassicUSD has traded 25.7% lower against the dollar. One TerraClassicUSD coin can now be bought for $0.0177 or 0.00000027 BTC on cryptocurrency exchanges. TerraClassicUSD has a market cap of $158.34 million and approximately $25.80 million worth of TerraClassicUSD was traded on exchanges in the last 24 hours.

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

• Avalanche (AVAX) traded up 4.4% against the dollar and now trades at $35.45 or 0.00054629 BTC.
• Internet Computer (ICP) traded 12.7% higher against the dollar and now trades at $13.58 or 0.00020931 BTC.
• NEAR Protocol (NEAR) traded up 0.5% against the dollar and now trades at $5.64 or 0.00008690 BTC.
• Cronos (CRO) traded 1.1% higher against the dollar and now trades at $0.12 or 0.00000190 BTC.
• Cosmos (ATOM) traded 2.7% higher against the dollar and now trades at $8.28 or 0.00012760 BTC.
• Hedera (HBAR) traded 5.3% higher against the dollar and now trades at $0.0841 or 0.00000130 BTC.
• Fetch.ai (FET) traded 9.3% higher against the dollar and now trades at $2.16 or 0.00003326 BTC.
• Algorand (ALGO) traded 4.6% higher against the dollar and now trades at $0.18 or 0.00000273 BTC.
• Akash Network (AKT) traded 5.1% higher against the dollar and now trades at $4.04 or 0.00006240 BTC.
• Kava (KAVA) traded 5.1% higher against the dollar and now trades at $0.68 or 0.00001052 BTC.

About TerraClassicUSD

TerraClassicUSD (USTC) uses the hashing algorithm. It launched on April 24th, 2019. TerraClassicUSD’s total supply is 8,962,301,048 coins and its circulating supply is 8,950,484,482 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.”

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 Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, 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