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TerraClassicUSD price

TerraClassicUSD priceUSTC

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Price of TerraClassicUSD today

The live price of TerraClassicUSD is $0.01814 per (USTC / USD) today with a current market cap of $100.91M USD. The 24-hour trading volume is $9.12M USD. USTC to USD price is updated in real time. TerraClassicUSD is 0.58% in the last 24 hours. It has a circulating supply of 5,562,531,300 .

What is the highest price of USTC?

USTC has an all-time high (ATH) of $1.05, recorded on 2021-01-30.

What is the lowest price of USTC?

USTC has an all-time low (ATL) of $0.006218, recorded on 2022-06-18.
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TerraClassicUSD price prediction

When is a good time to buy USTC? Should I buy or sell USTC now?

When deciding whether to buy or sell USTC, you must first consider your own trading strategy. The trading activity of long-term traders and short-term traders will also be different. The Bitget USTC technical analysis can provide you with a reference for trading.
According to the USTC 4h technical analysis, the trading signal is Sell.
According to the USTC 1d technical analysis, the trading signal is Sell.
According to the USTC 1w technical analysis, the trading signal is Strong sell.

What will the price of USTC be in 2025?

Based on USTC's historical price performance prediction model, the price of USTC is projected to reach $0.03279 in 2025.

What will the price of USTC be in 2030?

In 2030, the USTC price is expected to change by -20.00%. By the end of 2030, the USTC price is projected to reach $0.03056, with a cumulative ROI of +69.52%.

TerraClassicUSD price history (USD)

The price of TerraClassicUSD is -50.11% over the last year. The highest price of USTC in USD in the last year was $0.04512 and the lowest price of USTC in USD in the last year was $0.01181.
TimePrice change (%)Price change (%)Lowest priceThe lowest price of {0} in the corresponding time period.Highest price Highest price
24h+0.58%$0.01767$0.01881
7d-24.52%$0.01639$0.02449
30d-24.22%$0.01639$0.03178
90d+2.31%$0.01639$0.03178
1y-50.11%$0.01181$0.04512
All-time-98.20%$0.006218(2022-06-18, 2 years ago )$1.05(2021-01-30, 3 years ago )

TerraClassicUSD market information

Market cap
$100,908,554.76
+0.58%
Fully diluted market cap
$142,886,015.82
+0.58%
Volume (24h)
$9,120,040.21
-23.39%
Market rankings
Circulation rate
70.00%
24h volume / market cap
9.03%
Circulating supply
5,562,531,300 USTC
Total supply / Max supply
7.88B USTC
-- USTC
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TerraClassicUSD ratings

Average ratings from the community
4.4
100 ratings
This content is for informational purposes only.

About TerraClassicUSD (USTC)

What Is TerraClassicUSD?

TerraClassicUSD (USTC) is a decentralized algorithmic stablecoin pegged to the US dollar, operating on the Terra Classic blockchain. Originally known as TerraUSD, it was rebranded to TerraClassicUSD following the collapse of the Terra ecosystem in 2022, which led to the depeg of the token. TerraClassicUSD was conceived to meet the demands of various DeFi protocols, offering scalability, security, and interoperability with other blockchains without compromising speed.

USTC was launched in September 2020 in collaboration with Bittrex Global, a cryptocurrency exchange. It integrates seamlessly into crypto wallets and payment systems and can be utilized for minting synthetic assets or tracking real-world asset prices on DApps like Mirror Protocol. Despite its advantages, USTC faces challenges such as potential deviations from its peg due to market fluctuations and competition from other stablecoins like USDT, USDC, and DAI.

Resources

Whitepaper: https://assets.website-files.com/611153e7af981472d8da199c/618b02d13e938ae1f8ad1e45_Terra_White_paper.pdf

Official Website: https://www.terra.money/

How Does TerraClassicUSD Work?

TerraClassicUSD operates through a unique “mint and burn” algorithm involving USTC and its native asset, Luna Classic (LUNC). When USTC’s price is below $1, users can burn 1 USTC to mint $1 worth of LUNC, and when USTC’s price is above $1, users can burn $1’s worth of LUNC to mint 1 USTC. This algorithm aims to maintain price stability through arbitrage trading efforts controlling the supply and demand of USTC and LUNC.

The Terra Classic blockchain, introduced in April 2019 by Terraform Labs, was designed to establish a global payment system driven by fiat-pegged stablecoins backed by a floating-rate cryptocurrency, Luna Classic (LUNC). It utilized smart contracts to mint and burn stablecoins like USTC in response to supply and demand fluctuations, with Luna Classic absorbing the stablecoins' price volatility and acting as collateral and a governance token.

However, in May 2022, Terra Classic suffered a catastrophic collapse when USTC lost its peg to the US dollar, leading to a severe sell-off of USTC and hyperinflation and devaluation of LUNC. This event prompted the creation of a new chain called Terra (LUNA) with new tokenomics and governance to prevent such disasters, and the original Terra chain was rebranded as Terra Classic.

What Is TerraClassicUSD Token?

USTC, the token representing TerraClassicUSD, is a crucial component of the Terra Classic ecosystem, serving as a medium of exchange and a pricing benchmark for decentralized applications. Despite the challenges faced by the Terra Classic blockchain, USTC continues to be a significant player in the crypto market, offering users the ability to earn interest by staking their tokens on platforms like Anchor Protocol and facilitating asset and token transfers, transactions, and smart contract interactions through various wallets and protocols.

USTC does not have a maximum supply because its supply and price are controlled by the reserve and algorithms. USTC’s circulating supply as of this writing is 9,787,880,337.

TerraClassicUSD's Impact on Finance

TerraClassicUSD has had a profound impact on the world of decentralized finance (DeFi) by providing a scalable and yield-bearing stablecoin option in the crypto market. Its algorithmic design and interoperability with other blockchains have allowed it to meet the demands of various DeFi protocols without compromising speed or security. However, the risks and vulnerabilities associated with Terra Classic and LUNC highlight the challenges and uncertainties inherent in the rapidly evolving world of blockchain and cryptocurrency.

What Determines TerraClassicUSD's Price?

The price of TerraClassicUSD (USTC), like other cryptocurrencies, is fundamentally influenced by various factors in the cryptocurrency market. Market supply and demand dynamics play a pivotal role in determining the price of this token. When the demand for USTC increases, perhaps due to positive cryptocurrency news or favorable cryptocurrency trends, the price is likely to rise. Conversely, if the supply of USTC exceeds demand, possibly due to adverse cryptocurrency regulation or negative market events, the price is likely to fall. Cryptocurrency enthusiasts and the crypto community closely monitor these dynamics, utilizing cryptocurrency analysis and cryptocurrency charts to make informed predictions and decisions.

Cryptocurrency experts and influencers often delve into extensive crypto market analysis to forecast the potential price movements of tokens like USTC, considering factors like cryptocurrency security, risks, and market volatility. These analyses often lead to varied cryptocurrency price predictions for 2023 and beyond, aiding both beginners and seasoned investors in shaping their cryptocurrency trading strategies and crypto portfolio management. For those looking to buy USTC, it can be acquired on leading exchanges such as Bitget, where users can analyze the cryptocurrency market trends and make the best crypto investment for 2023 based on informed decisions. Whether USTC is a good investment or not largely depends on individual risk tolerance, investment goals, and the ever-evolving landscape of cryptocurrency adoption and development.

TerraClassicUSD Social Data

In the last 24 hours, the social media sentiment score for TerraClassicUSD was 3, and the social media sentiment towards TerraClassicUSD price trend was Bullish. The overall TerraClassicUSD social media score was 0, which ranks 576 among all cryptocurrencies.

According to LunarCrush, in the last 24 hours, cryptocurrencies were mentioned on social media a total of 1,058,120 times, with TerraClassicUSD being mentioned with a frequency ratio of 0%, ranking 513 among all cryptocurrencies.

In the last 24 hours, there were a total of 243 unique users discussing TerraClassicUSD, with a total of TerraClassicUSD mentions of 37. However, compared to the previous 24-hour period, the number of unique users increase by 11%, and the total number of mentions has decrease by 18%.

On Twitter, there were a total of 0 tweets mentioning TerraClassicUSD in the last 24 hours. Among them, 0% are bullish on TerraClassicUSD, 0% are bearish on TerraClassicUSD, and 100% are neutral on TerraClassicUSD.

On Reddit, there were 3 posts mentioning TerraClassicUSD in the last 24 hours. Compared to the previous 24-hour period, the number of mentions decrease by 25% .

All social overview

Average sentiment (24h)
3
Social media score (24h)
0(#576)
Social contributors (24h)
243
+11%
Social media mentions (24h)
37(#513)
-18%
Social media dominance (24h)
0%
X
X posts (24h)
0
0%
X sentiment (24h)
Bullish
0%
Neutral
100%
Bearish
0%
Reddit
Reddit score (24h)
3
Reddit posts (24h)
3
-25%
Reddit comments (24h)
0
0%

How to buy TerraClassicUSD(USTC)

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TerraClassicUSD news

SEC fines Jump Trading subsidiary $123 million for propping up TerraUSD stablecoin during depeg
SEC fines Jump Trading subsidiary $123 million for propping up TerraUSD stablecoin during depeg

Quick Take The SEC and Tai Mo Shan, a subsidiary of Jump Trading’s crypto unit, have reached an agreement for the latter to pay about $123 million in fines after it spent $20 million to help prop up the TerraUSD stablecoin in May 2021. Tai Mo Shan will pay the penalty without admitting to or denying the SEC’s findings, pursuant to the agreement.

The Block2024-12-20 16:00
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FAQ

What is use case of TerraClassicUSD?

The use case of TerraClassicUSD (USTC) revolves around providing a decentralized and algorithmic stablecoin that is designed to be pegged to the US dollar. While its initial pegging was on the old Terra blockchain, which later rebranded to Terra Classic, the stablecoin's purpose is to maintain price stability in the crypto market. Key use cases of TerraClassicUSD (USTC) include: - Stable Transactions: USTC serves as a stable medium of exchange, allowing users to transact and make payments without the price volatility commonly associated with cryptocurrencies. - Store of Value: Users can hold USTC as a store of value, similar to traditional fiat currencies. Its stability makes it suitable for preserving wealth in the crypto space. - Trading: Traders often use stablecoins like USTC as a trading pair on various cryptocurrency exchanges. It provides a stable reference point for trading against other digital assets. - Lending and Borrowing: DeFi platforms and lending protocols often use stablecoins like USTC as collateral or for borrowing purposes. - Decentralized Applications (dApps): USTC can be integrated into dApps, enabling developers to create applications that require a stable currency for various use cases, including gaming, finance, and more. - Remittances: Due to its stability, USTC can be used for cross-border remittances, providing a cost-effective and efficient means of transferring value internationally. - Hedging: Cryptocurrency users and investors may use USTC to hedge against market volatility, temporarily moving their assets into a stablecoin during uncertain market conditions. It's important to note that USTC's value stability is maintained through algorithmic mechanisms rather than being backed by physical reserves of US dollars, differentiating it from fiat-backed stablecoins. The Terra Classic blockchain employs LUNA Classic (LUNC) and a unique algorithm to control the supply and demand of USTC, striving to keep its price as close to the US dollar as possible despite market fluctuations.

Is TerraClassicUSD a good investment?

TerraClassicUSD (USTC) is an algorithmic-backed stablecoin that aims to maintain its value close to the US dollar. However, it has faced challenges, particularly after the collapse in May 2022, which led to excessive minting of tokens and a loss of its peg to the USD. Here are some key points to summarize: - USTC's value has struggled due to an oversupply of tokens, causing it to lose its peg to the US dollar. - Restoring investor confidence could potentially help USTC regain its $1 peg and encourage wider adoption. - Increased adoption of USTC and the Terra Classic blockchain could boost the ecosystem and contribute to higher demand for the stablecoin. - Regulatory challenges may pose risks to USTC, given its history and re-pegging efforts, making it a digital asset that requires careful consideration before investment. Investors should be cautious and monitor the developments surrounding USTC, as its future value and stability depend on various factors, including regulatory considerations and market sentiment.

Can I mine TerraClassicUSD?

TerraClassicUSD (USTC) operates on a proof-of-stake (PoS) blockchain, where coins are earned through staking or running a master node, unlike Bitcoin, which relies on mining through hashing algorithms.

What are the differences between TerraUSD (UST) and TerraClassicUSD (USTC)?

The critical differences between TerraUSD (UST) and TerraClassicUSD (USTC) stablecoins are as follows: - Operating Blockchain: UST operated on the old Terra network, which was rebranded to Terra Classic (Terra 1.0) after the May 2022 market crash. UST was rebranded as TerraClassicUSD (USTC). A new Terra blockchain was launched, which no longer supports stablecoins, and its native token is LUNA. - Peg to USD: UST was a popular stablecoin known for maintaining its peg to the US dollar until the May 2022 market crash. USTC aims to restore its peg but is currently de-pegged. - Market Rank and Cap: UST was a top-10 cryptocurrency by market cap before its collapse, with a peak market cap of over $9 billion in December 2021. USTC, in contrast, holds a market rank of 112 as of August 2022, with a market cap of under $317 million.

What happened to TerraUSD (UST)?

The TerraUSD (UST), formerly the largest algorithmic stablecoin and the third-largest stablecoin overall, lost its peg to the US dollar in May 2022. This occurred due to imbalances in the Anchor Protocol, a DeFi platform offering high lending returns for UST. Large withdrawals from Anchor Protocol triggered panic, causing UST investors to sell, leading to a crisis in the Terra blockchain. To address this, Terraform Labs announced a revival plan, rebranding Terra 1.0 as Terra Classic and introducing TerraClassicUSD (USTC), but investor confidence remains uncertain as of August 2022. The events resulted in estimated losses of over $40 billion.

What is the history of TerraClassicUSD?

Terra is a blockchain platform founded in April 2019 with its native token LUNA, aiming to promote cryptocurrency adoption for global payments. Supported by the Terra Alliance of 15 Asian e-commerce businesses, it launched the TerraUSD stablecoin in September 2020, becoming a top stablecoin. After a market downturn, Terraform Labs rebranded the original Terra blockchain as Terra Classic (Terra 1.0), renaming its digital assets to LUNA Classic (LUNC) and TerraClassicUSD (USTC). The new Terra ecosystem continues to support dApps from the old Terra Classic network, and both Terra and Terra Classic use a Proof-of-Stake (PoS) consensus mechanism.

What is the current price of TerraClassicUSD?

The live price of TerraClassicUSD is $0.02 per (USTC/USD) with a current market cap of $100,908,554.76 USD. TerraClassicUSD's value undergoes frequent fluctuations due to the continuous 24/7 activity in the crypto market. TerraClassicUSD's current price in real-time and its historical data is available on Bitget.

What is the 24 hour trading volume of TerraClassicUSD?

Over the last 24 hours, the trading volume of TerraClassicUSD is $9.12M.

What is the all-time high of TerraClassicUSD?

The all-time high of TerraClassicUSD is $1.05. This all-time high is highest price for TerraClassicUSD since it was launched.

Can I buy TerraClassicUSD on Bitget?

Yes, TerraClassicUSD is currently available on Bitget’s centralized exchange. For more detailed instructions, check out our helpful How to buy TerraClassicUSD guide.

Can I get a steady income from investing in TerraClassicUSD?

Of course, Bitget provides a strategic trading platform, with intelligent trading bots to automate your trades and earn profits.

Where can I buy TerraClassicUSD with the lowest fee?

Bitget offers industry-leading trading fees and depth to ensure profitable investments for traders. You can trade on the Bitget exchange.

Where can I buy TerraClassicUSD (USTC)?

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Bitget Insights

BGUSER-1LSTB2FS
BGUSER-1LSTB2FS
19h
The BNX/USDT pair is displaying some intriguing fluctuations. At present, the cost is approximately 0.4221 USDT, reflecting a decline of 1.97% over the past 24 hours.¹ Nevertheless, considering the overall trend, this pair has experienced a bullish momentum, with certain analysts forecasting a possible breakout. *Technical Metrics:* The Relative Strength Index (RSI) is positioned at 58.56, suggesting a neutral market sentiment.² - The MACD (12,26,9) is at 0.0100, indicating a minor bullish signal. - Moving averages are also providing positive signals, with 64.29% of the indications suggesting a purchase. *Possible Targets:* Certain analysts anticipate a possible rise to 1.16 USDT, with additional targets set at 1.23 USDT and 1.30 USDT. - Some are proposing a possible long-term goal of 1.6 USDT. *Crucial Levels:* The couple is presently trading above the resistance mark of 1.09 USDT, indicating a bullish trend. The support zone is at 0.4574 USDT, and a drop below this point may signify a trend change. Remember that these are merely forecasts and assessments, and the cryptocurrency market can be very unpredictable. Always conduct your own research and evaluate various sources before finalizing any investment choices.$USTC
BNX-2.00%
USTC+0.16%
Manzeel
Manzeel
2024/12/14 06:05
Satoshi Era Bitcoin Buyer Jailed for Two Years in First U.S. Crypto Tax Evasion Sentencing ⚖️ $DOGE $BITCOIN $USTC A Bitcoin buyer from the Satoshi era has been sentenced to two years in prison in a landmark U.S. case of cryptocurrency tax evasion. This highlights a significant moment in the enforcement of crypto-related financial crimes. The Department of Justice spotlighted how the individual falsely reported the full extent of his cryptocurrency gains to his accountant in an attempt to evade taxes. This case sets a precedent for how future crypto tax evasion crimes may be prosecuted in the United States, emphasizing the legal importance of accurate tax disclosures in the cryptocurrency space.
SPACE+8.48%
DOGE-2.31%
Walkers-Family
Walkers-Family
2024/11/20 12:59
$USTC FUTURE SPOT SIGNAL $USTC/USDT BUY LONG ENTRY 0.0221 STOP LOSS 0.021 TAKE PROFIT 0.0232 0.04 0.06
USTC+0.16%
Walkers-Family
Walkers-Family
2024/11/09 12:49
$USTC /USDT BUY ENTRT 0.0235 STOP LOSS 0.022 TAKE PROFIT 0.03 0.04 0.07 0.1
USTC+0.16%
BGUSER-ZUTAUKDE
BGUSER-ZUTAUKDE
2024/10/28 14:01
The race for the White House is in its last weeks. Early voting has begun in several states, including key battlegrounds like Arizona and Georgia. The two major-party candidates, Kamala Harris, the Democratic vice-president, and Donald Trump, the Republican former president, are criss-crossing the country, scrambling to raise funds and motivate voters. We track polls from across the country and synthesise them to measure the state of the race. Since she took over the Democratic nomination from Joe Biden, Ms Harris’s standing has risen steadily. She has led Mr Trump by about three points nationally since August. But the American election is not decided by the popular vote. Our prediction model runs the numbers to assess whether this lead will be enough to put Ms Harris in the White House.$USTC
NOT-0.01%
USTC+0.16%

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