TerraClassicUSD (USTC) One Day Trading Volume Tops $11.94 Million

TerraClassicUSD (USTC) traded down 6.5% against the U.S. dollar during the 24-hour period ending at 10:00 AM Eastern on February 22nd. During the last seven days, TerraClassicUSD has traded down 7.7% against the U.S. dollar. TerraClassicUSD has a market cap of $92.36 million and $11.94 million worth of TerraClassicUSD was traded on exchanges in the last 24 hours. One TerraClassicUSD coin can now be purchased for $0.0166 or 0.00000017 BTC on popular exchanges.

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

• Avalanche (AVAX) traded down 2.5% against the dollar and now trades at $25.64 or 0.00026545 BTC.
• Hedera (HBAR) traded 4.8% lower against the dollar and now trades at $0.21 or 0.00000222 BTC.
• NEAR Protocol (NEAR) traded down 1.6% against the dollar and now trades at $3.53 or 0.00003653 BTC.
• Internet Computer (ICP) traded 3.9% lower against the dollar and now trades at $7.14 or 0.00007391 BTC.
• Cronos (CRO) traded 2.1% lower against the dollar and now trades at $0.0856 or 0.00000089 BTC.
• Algorand (ALGO) traded down 6.5% against the dollar and now trades at $0.27 or 0.00000275 BTC.
• Fetch.ai (FET) traded down 2.2% against the dollar and now trades at $0.79 or 0.00000819 BTC.
• Cosmos (ATOM) traded 4.4% lower against the dollar and now trades at $4.83 or 0.00005002 BTC.
• Akash Network (AKT) traded down 2.3% against the dollar and now trades at $1.81 or 0.00001875 BTC.
• Kava (KAVA) traded down 6% against the dollar and now trades at $0.43 or 0.00000447 BTC.

About TerraClassicUSD

USTC uses the hashing algorithm. It launched on April 24th, 2019. TerraClassicUSD’s total supply is 7,871,860,709 coins and its circulating supply is 5,557,241,047 coins. TerraClassicUSD’s official message board is medium.com/terra-money. TerraClassicUSD’s official Twitter account is @terra_money and its Facebook page is accessible here. The official website for TerraClassicUSD is commonwealth.im/terra-luna-classic-lunc.

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 US dollars. Investors seeking to acquire TerraClassicUSD should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Gemini 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