Terra Classic USD (USTC) Skyrockets Over 40% In 24 Hours
- USTC is currently trading around $0.04028, which has increased by nearly 29.52% in the last 7 days.
- USTC reached around $0.06432 in 30 days, near its 90-day high value.
Terra Classic USD (USTC), the algorithmic stablecoin of the Terra payment platform, is witnessing a massive price surge in the global cryptocurrency market. According to CMC, the USTC is currently trending on the market, with a 40.08% increase in the past 24 hours.
At the time of writing, Terra Classic USD (USTC) is trading around $0.04028 with a one-day trading volume of $158,961,838. For the past seven days, USTC has increased by nearly 29.52%, as per CMC.
It assumes that the recent declaration from Terra Classic core developer, Tobias Andersen AKA Zaradar regarding the much-awaited USTC re-peg proposal has boosted the continuous price jump of USTC.
USTC on the Track
After witnessing a significant price fall during the past few weeks, Terra Classic USD gained a major price momentum in a short period. In the last week, it traded around $0.02906. Interestingly, in the same week, USTC attained a price level of $0.04224. Moreover, the stablecoin reached around $0.06432 in one month, this is near to USTC’s 90-day high, around $0.06752.
Moreover, USTC’s sister token, Terra Classic (LUNC) gained nearly 3.48% in the last 24 hours. LUNC is currently trading around $0.0003032 with a one-day trading volume of $470,620,572, as per CMC.
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Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
