TerraClassicUSD

The post Binance’s Backing and Token Burns Propel TerraClassicUSD and Terra Classic (LUNC) appeared first on Coinpedia Fintech News
The cryptocurrency market witnessed an extraordinary surge in TerraClassicUSD (USTC), which soared by over 160% in a single day. The token’s price reached an unprecedented $0.04131, shattering all previous records and reigniting optimism for the comeback of Terra Classic (LUNC). Key Drivers of the Surge: The remarkable upswing in LUNC and USTC, integral components of …

Binance’s Backing and Token Burns Propel TerraClassicUSD and Terra Classic (LUNC)

Binance recently listed two new pairs with TerraClassicUSD (USTC) on the Binance spot market.

Binance to Launch New TerraClassicUSD (USTC) Trading Pairs in Wake of +70% LUNC Price Surge

The post LUNC Price Jumps By 25% Today! Is Terra Classic Stuck In Pump-And-Dump Scheme? appeared first on Coinpedia Fintech News
With the pump of TerraClassicUSD (USTC), the Terra tokens have gained massive momentum by adding significant value to their portfolio over the past week. Since the pump, Terra Classic has gained 72% in value. Further, the token has been displaying significant price volatility in its chart, highlighting the possibility of a pump-and-dump situation in the …

LUNC Price Jumps By 25% Today! Is Terra Classic Stuck In Pump-And-Dump Scheme?

Terra has stirred considerable attention of late, experiencing an impressive surge in prices that has left market observers intrigued. The catalyst behind this upward trajectory can be largely attributed to notable advancements within the Terra Ecosystem. A recent substantial capital infusion likely instilled significant confidence among investors, acting as a driving force behind the recent upswing in LUNC prices. Related Reading: Revving Up: Solana Bulls Ready To Charge As Analysts Predict Rally Beyond $80 Examining The Factors Behind LUNC’s Meteoric Surge In the last month, LUNC has been on quite a ride, marking an impressive 90% surge in its value. This has triggered discussions, prompting questions about whether this surge is just a momentary spike or the initiation of a more enduring upward trajectory. The remarkable boost in LUNC’s value finds its roots in a couple of noteworthy events unfolding within the Terra ecosystem. Specifically, Terra Classic Labs strategically invested around $500,000 into TerraClassicUSD (USTC), the algorithmic stablecoin linked to the Terra platform. Our $LUNC and $USTC weekly burn numbers have come in. We had a bumper week, with GIGANTIC burns in both.#LUNC finished the 7-day period with 702M 🔥🔥🔥#USTC finished the week with 2.2M 🔥🔥🔥 We are on track to have the biggest month with regards to the #LuncBurn movement… pic.twitter.com/40SVd2IRTa — titan2022 (@titan20221) November 27, 2023 The considerable token burn that has taken place recently is another key driver of the rally. The quantity of LUNC tokens in circulation has decreased to 5.8 trillion due to the destruction of around 78.24 billion of them, which could put more pressure on the token’s price. The cryptocurrency industry frequently uses this process of token burning to control inflation and increase token value by lowering supply. Related Reading: XRP Market Drama: Ups, Downs And The $3 Horizon – Experts Weigh In On The Future LUNCUSD currently trading at $0.0001199 on the daily chart: TradingView.com LUNC Showing Bullish Side According to data from Coingecko, the price of LUNC has now surged by over 80% this month, with a 71% increase tallied this week in response to the announcement of Mint Cash and Binance’s launch of the USTC perpetual contract. Furthermore, the increase happens a week after Terraform Labs allocated $10 million in assets among three different liquidity pools. As of writing, LUNC is trading at $0.00011. With a $513 million daily trading volume, LUNC’s market capitalization of $661 million places it as the 79th largest cryptocurrency asset. LUNC’s indicators are all in very positive positions, which is not surprising given that the coin has increased by more than 30% in a single day. Before the present rally loses momentum, its relative strength index (purple) may peak at near to 90. Whales are waking up and jumping into #LUNC 👀✈️🚀🚀🚀🚀 — Bull.Lunc (@Bullluncdao) November 27, 2023 The coin’s 24-hour trading volume, which has increased from less than $20 million to more than $600 million virtually overnight, is arguably the most encouraging of all. This surge implies that whales have finally made a comeback to the token, pilfering more of it and igniting a broader rally. Meanwhile, LUNC and USTC reported milestone price increases over the previous week, according to data from the crypto intelligence tracker Santiment. As a result of the two coins’ historic weekly gains, LUNC and USTC are now the top moving cryptocurrencies on Santiment’s tracker. Source: Santiment Santiment’s analysts predict that the milestone price rallies in both cryptocurrencies are probably signs that investors are suffering from FOMO, or the fear of missing out on these tokens’ gains, which has propelled the assets to the top of the list, surpassing both Bitcoin and Cosmos. (This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk). Featured image from iStock

LUNC Soars Over 70% – Temporary Spike Or Sustainable Climb Ahead?

The world’s largest crypto exchange Binance on Monday said it will launch new trading pairs for crypto in high demand. The crypto exchange announces new trading pairs for TerraClassicUSD (USTC), Blur, dYdX, and SuperVerse. Binance is primarily focusing on USTC, as the price surged by 200% following the recent launch of the USD-M USTC perpetual contract 
The post Just-In: Binance Announces New TerraClassicUSD (USTC), BLUR Trading Pairs Among Others appeared first on CoinGape.

Just-In: Binance Announces New TerraClassicUSD (USTC), BLUR Trading Pairs Among Others

TerraClassicUSD (USTC), the algorithmic stablecoin of the Terra ecosystem, has surged by an impressive 301%, catapulting its market cap to $640,460,560. This extraordinary growth prompts a closer look into the catalysts and dynamics driving USTC’s meteoric rise. USTC Price Growth Catalysts Two significant factors have propelled TerraClassicUSD’s price surge. Firstly, a strategic $500,000 investment from … Continued
The post TerraClassicUSD up 276%. InQubeta Raises $5.4m in ICO appeared first on BeInCrypto.

TerraClassicUSD up 276%. InQubeta Raises $5.4m in ICO

The narrative of TerraClassicUSD (USTC) stands as a monument to tenacity and the potential for resuscitation in the cryptocurrency ecosystem. Once a well-known stablecoin, USTC was subjected to a disastrous depegging event […]
The post TerraClassicUSD (USTC): A Phoenix Rising From The Ashes appeared first on BitcoinWorld.

TerraClassicUSD (USTC): A Phoenix Rising From The Ashes

The post Terra Classic Price Pumps 50%, While TerraClassicUSD Rises 300%; Could This New Altcoin Pump Next? appeared first on Coinpedia Fintech News
The Terra ecosystem is seeing a surprise resurgence, with Terra Classic (LUNC) pumping over 50% in the past 24 hours. Meanwhile, the TerraClassicUSD (USTC) stablecoin has seen an even more dramatic rise, surging over 300% amid renewed interest. This uptick, along with the emergence of projects like TG.Casino (TGC) in the GambleFi sector, has led …

Terra Classic Price Pumps 50%, While TerraClassicUSD Rises 300%; Could This New Altcoin Pump Next?

Today, the cryptocurrency market has turned its focus on the Algorithmic stablecoin TerraClassicUSD (USTC) and Terra Classic coin which have both witnessed massive hikes amid a strategic investment aiming towards their real goal. With an intraday gain of 63.75%, the USTC price has reached the current value of $0.065. Is a road to $1 possible? 
The post Is USTC Price Going to $1? appeared first on CoinGape.

Is USTC Price Going to $1?

TerraClassicUSD (USTC), the algorithmic stablecoin tied to the LUNA ecosystem, recently went on an upward trajectory to register gains of over 300%. In a stunning cascade of events, the token’s price spike in the past 24 hours has left investors wondering about the implication for Terra Classic (LUNC) and the potential revival of the LUNA ecosystem. USTC Coin Spikes 300% In One Day USTC has lost most of its usefulness as a stablecoin since its implosion in 2022 when it was known as UST. The stablecoin lost its peg to the US dollar which resulted in a chain of events that led to its sister token, LUNA, also losing most of its value and the demise of the Terra-LUNA blockchain ecosystem. After it lost its peg to the US dollar, the stablecoin was rebranded as UST Classic and its value fell to as low as $0.01. Related Reading: XRP Price May Recapture 61,000% Surge Seen In 2017, Analyst Claims It’s already been more than a year since the crash, but it looks like the token and some members of the LUNA ecosystem are not ready to give up yet. The latest price action has seen the token spike 300% from $0.01569 to $0.0755 in the past 24 hours. The catalyst for this surge can be attributed to Terra Classic Labs (TCL), a LUNC community project. Terra Classic Labs was created in October 2023 by some members of the former thriving LUNA ecosystem. According to its website, it is dedicated to supporting new LUNC projects for the revival of the Terra ecosystem. In a social media post by Trader QT, an official partner of Luna Classic Labs, the team made a massive purchase of approximately 25.6 million USTC for $500,000 at an average price of $0.021 per $USTC. This move sent USTC spiking, fueling hopes that Terra Classic Labs can help revive and stabilize the cryptocurrency. I can confirm that today, in an initial strategic investment, Luna Classic Labs has purchased approximately 25.6m $USTC for $500k in accordance with its Treasury Reserve Policy, at an average price of approximately $0.021 per $USTC. — Trader QT (@0x_Ears) November 26, 2023 Can Terra Classic Return To $1? Although the move by Terra Classic Labs sent USTC on a surge, the stablecoin is still trading at $0.0516, far from a $1 price point. The crypto will have to register another gain of 1837% from its current price before it can regain its peg to the US dollar, showing how far behind it is. The recent price action however did have some sort of bullish action on Terra Classic LUNC, as it has also spiked by 25% in the past 24 hours. Terra Classic is trading at $0.0001004 at the time of writing. Related Reading: Whales Move $30 Million Worth Of XRP To Exchanges – Time To Sell? Although the Terra Classic community hasn’t given up on the cryptocurrency, the LUNA ecosystem has since rebranded and moved from Terra Classic LUNC to a new chain (Terra 2.0) with its own native token called LUNA.  It would seem LUNA also reacted positively to the TerraClassicUSD surge as data from Coinmarketcap shows LUNA has increased by 17.8% in the past 24 hours and is now trading at $0.79. Token price makes 300% run | Source: USTC/USDT on Tradingview.com Featured image from Vecteezy, chart from Tradingview.com

Road To $1: Why Did Terra Classic (USTC) Rise 300% In One Day?

The world’s largest crypto exchange Binance on Monday said it will launch a USTC perpetual contract offering up to 50x leverage after careful review. The move surprisingly comes amid a massive jump in TerraClassicUSD (USTC) and Terra Classic (LUNC) prices as Binance plans to launch the USTC perpetual trading today itself at 12:30 UTC. Binance Launches 
The post Breaking: Binance Announces USTC Perpetual Contract, LUNC Price Up 60% And USTC 300% appeared first on CoinGape.

Breaking: Binance Announces USTC Perpetual Contract, LUNC Price Up 60% And USTC 300%

The three tokens of the Terra ecosystem — Terra (LUNA), Terra Classic (LUNC) and TerraClassicUSD (USTC) — have gained momentum following an update last week.  The surge comes a week after Terraform Labs deployed $10 million worth of assets in…

LUNA, LUNC, USTC surge as social activity skyrockets after key update

In a dramatic twist, the price of TerraClassicUSD (USTC) is on a massive uptrend today as it makes impressive an emphatic move to erase one zero. Reasons for USTC Breakout At the time of writing, market data places the price of USTC at $0.03568 after the algorithmic stablecoin rallied as high as 137.20% in the 
The post Breaking: UTSC Price is Skyrocketing Today appeared first on CoinGape.