Loading
Welcome at World Crypto Global. This portal is packed with useful content and resources to built out your own crypto skills. WorldCrypto is a site member of Gabriel Vega Network.
Terra Classic(USTC) has recently shown a great performance that has attracted the attention of traders and analysts. Javon Marks, a prominent crypto analyst, has shared his insights in a post on X. According to Marks, the price of Terra Classic has displayed a strong rebound and has increased by about 54% after confirming a major […]
USTC has shown notable price movements of late. From an abrupt drop earlier in the year to an optimistic current return, both experts and investors find appeal in the digital asset. Related Reading: Filecoin Boom Incoming? Market Optimism Fuels Cryptos Next Breakout Star USTC plummeted more than 51% from $0.330 at the start of the year, to $0.1660. This huge drop made people wonder what the future holds for buyers in the stablecoin. But this week, market data showed that things got better: the price of USTC went up by more than 10%. This good news has given people new hope that the asset might be able to come back to life and renewed their excitement. Crypto Analyst’s Breakthrough Prognosis Noting a confirmed bullish divergence pattern, renowned crypto specialist Javon Marks gave USTC some positive words. He projects a likely upside of more than 360% with a breakout target of $0.08097. From the current levels, USTC could show a big comeback and provide good returns to those who have survived the past crisis. $USTC (Terra Classic USD) has confirmed a bullish divergence pattern while maintaining a major set of Higher Lows that can suggest an uptrend to still be in-tact and a more than 360% upside from here! With prices already being broken out and $0.08097 as the breakout target, https://t.co/qhghFWXNbm pic.twitter.com/yFpQ2pmJDT JAVONMARKS (@JavonTM1) July 10, 2024 Technical Views The creation of higher lows on the price chart indicates that buyers are entering the market at prices that are gradually increasing. This means that demand is growing, which may indicate that the uptrend will continue. Another piece of evidence that supports the positive prognosis for USTC is this technical insight. USTC is seen to encounter critical support and resistance levels that could potentially impact its future trajectory, despite the optimistic technical patterns. As of mid-April 2024, USTC is currently circling a critical support level. In another development, Binance gave the Terra Luna Classic community some support for their LUNC burn effort meant to cut supply. A post by Binance community associate Diana generated discussion in the community by implying that the plan is also part of the USTC resurrection strategy. Popular community member Mr. Diamondhandz1 added to this narrative that Binance is helping with the USTC rebirth in addition to their monthly LUNC burning. Related Reading: Solana Frenzy: Big Buyers Fueling Rally On Top Crypto Exchanges In almost half of the entire 126 billion tokens burnt by the community, over 62 billion LUNC have been decimated by Binance. The community is depending on Terraform Labs to burn USTC in their wallets while the USTC repeg strategy is yet to be finalized. Former Binance big boss Changpeng Zhao recently disclosed that the exchange invested $3 million in Terra but has not sold or relocated its LUNC assets. As a result, LUNC’s price climbed by more than 1% to $0.00007192; it fell short of the $0.000072 threshold. The 22% drop in the 24-hour trading volume suggested lower trader enthusiasm. Likewise, USTC’s price increased 0.50% to $0.01608; market uncertainty caused a 41% decrease in trading activity over the past 24 hours. USTC Price Forecast Meanwhile, USTC’s price is predicted to rise by about 8% by August 10, 2024, reaching $0.0172. This prognosis shows a likely upward advance based on various technical signs even with the current negative outlook. At 29, the Fear & Greed Index currently captures market concern. Apart from a 9.84% price volatility, USTC observed fourteen green days in the last thirty days. Featured image from BTCC, chart from TradingView
Terra Classic USD ($USTC) has been experiencing a continuous decline since the start of the year. From January 1 to the present, its value has dropped by 51.52%, falling from 0.330 to 0.1660. However, this week has brought a positive shift, with the price climbing over 7% in three consecutive days. Renowned crypto analyst Javon […]
Former Terra Classic (LUNC) L1 Team developer Tobias “Zaradar” Andersen recently disclosed that he would be available if needed by the L1JTF. In a recent conversation, Tobias “Zaradar” Andersen, the former Terra Classic (LUNC) L1 Team developer, expressed his willingness to lend a helping hand to the L1JTF if the need arises, despite his controversial […]
The post Zaradar Confirms He Will be Available if Needed by the Terra Classic (LUNC) L1 Team first appeared on The Crypto Basic.
In one of the most catastrophic events to ever hit the crypto industry, the prominent algorithmic stablecoin TerraClassicUSD (USTC) – formerly UST – became depegged from the US dollar around a year ago. As a result, the Terra ecosystem crumbled, leading to uncontrolled minting and supply of Terra Classic (LUNC) tokens. However, in the latest [...]
The post USTC: Will Proposal To Re-Peg Stablecoin Push LUNC To $1? appeared first on Crypto Breaking News.
Trader Javon Marks points out what can happen if the Terra Luna Classic’s ongoing momentum is maintained.
Trust issues emerge in an already divided community as the USTC repeg crusade continues.
Terra Classic community wants back the 800 million USTC once sent to Ozone Protocol by Do Kwon.
While the co-founder of Terraform Labs has been sentenced to four months in jail in Montenegro, a team of six anonymous developers have been attempting to revive the Terra Classic ecosystem after its collapse in May 2022. The six programmers, known as the “Six Samurai,” wholeheartedly believe that luna classic (LUNC) has “limitless upside potential.” [...]
The post Six Samurai: Anonymous Developers Seek to Revive Terra Classic Ecosystem appeared first on Crypto Breaking News.
A fresh & innovative proposal to repeg USTC received praise among LUNC community, but how likely is it really?
The Lunatic Logic, chronicled by Terra Rebels developer, receives mixed reaction from the Terra Classic community.
LUNC community tests USTC repeg: key ideas to be put in practice.
OG dev spills out a theory that aligns well with the U.S. Securities and Exchange Commission’s complaint.
The Terra Classic (LUNC) L1 team plans to create a test environment to ascertain the conditions of the USTC depeg and simulate a potential re-peg event. The L1 Joint Task Force (L1JTF) seeks to create a test environment to explore the various ideas aimed at facilitating the USTC re-peg. LuncBurnArmy (LBA), the project manager of […]
The post Terra Classic (LUNC) L1 Team Working to Bring USTC to $1 first appeared on The Crypto Basic.
By community decision, 0.5% of the native Terra Classic token will be sent to infernal regions.
USTC repeg testnet is set to go live in Q3 in the community’s latest revival quest.
The total value locked (TVL) in decentralized finance (defi) has risen above the $50 billion mark after falling below the range throughout most of March. At present, the value locked in defi is approximately $50.34 billion, up 1.97% over the past 24 hours. Defi Value Swells Close to 2% Higher to Over $50 Billion With [...]
The post Value Locked in Defi Rises Above $50 Billion Mark, Ethereum Dominates TVL by Blockchain appeared first on Crypto Breaking News.
Terraform Labs appointed a new chief executive officer following Do Kwon’s resignation on March 31, 2023. In a Wall Street Journal interview, the interim CEO, Chris Amani, discussed his team’s “vision” for rescuing the beleaguered blockchain project. Terraform Labs Finds New Leadership, Attorneys Seek to Dismiss SEC Case Following Ripple Decision Chris Amani, Terraform Labs’ [...]
The post Terraform Labs Appoints New CEO While Co-Founder Remains in Jail appeared first on Crypto Breaking News.
After 16 consecutive months of decline, the stablecoin market dominance has fallen to 10.3% of the total crypto market capitalization.
Terra’s motion to dismiss the market manipulation case now includes XRP’s recent ruling as one of the main arguments.
World Crypto Global opens the door to digital freedom for everyone.
Manage your free WCG Coins securely—where simplicity meets global accessibility.
FREE CRYPTO COINS
AVAILABLE FOR RESERVATION
ALREADY ALLOCATED
No fees. No catch. Your crypto journey starts here.
World Crypto Global
