According to Gate News Bot on December 5, citing CoinMarketCap data, as of press time, USTC (TerraClassicUSD) is trading at $0.01, up 10.33% in 24 hours, with a high of $0.01 and a low of $0.01. The current market capitalization is approximately $37.77 million, an increase of nearly $3.53 million from yesterday.
TerraClassicUSD (USTC) originated as an algorithmic stable asset within the Terra ecosystem, designed to reflect the US dollar through supply and demand balance with LUNA (now LUNC). After its collapse in May 2022, USTC shifted to a freely traded token, with its price fluctuating according to market demand. USTC still plays a role in the Terra Classic network, powering DeFi pools, paying gas fees, and serving as a trading pair on CEX and DEX platforms. Major discussions and economic model releases about USTC are published on the Common governance forum.
Recent important news about USTC:
1️⃣ Market sentiment rebound drives up USTC price
The overall cryptocurrency market has recently shown signs of recovery, and USTC, once a mainstream algorithmic stablecoin, has attracted renewed attention from investors. In the past 24 hours, USTC’s price has risen significantly by 10.33%, reflecting a positive short-term outlook for the token.
2️⃣ Continued development of the Terra Classic ecosystem
Despite the collapse in May 2022, the Terra Classic network continues to develop. USTC remains important within the network, including providing liquidity for DeFi pools and paying gas fees. This ongoing utility helps sustain market demand for USTC and provides some support for its price.
3️⃣ Exchange support boosts liquidity
USTC maintains active trading pairs on several major cryptocurrency exchanges, helping to maintain its liquidity and market depth. The continued support from exchanges provides investors with convenient trading channels, favoring price stability and potential growth for USTC.
From a technical perspective, USTC has broken through recent resistance levels, showing short-term upward momentum. However, considering USTC’s historical volatility, investors should remain cautious about market risks.
This news does not constitute investment advice; please be aware of market volatility risks when investing.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Exchange “Listing Curse” Investigation: Why do 89% of new coins end up as retail-trader bait?
After being listed on Binance, most tokens faced severe losses, with an average pullback range of 71% to 80%. Listing is no longer seen as an investment opportunity, but rather as an insider sell-off event. The main reasons include internal liquidity events, overvaluation, weak capital flows, and market saturation; only projects with real products and communities can survive in the future.
区块客19m ago
3 Promising Altcoins to Hold for Long-Term Profit — XRP, DOGE, and SOL
XRP shows strong breakout momentum, backed by bullish indicators and upcoming RLUSD launch.
DOGE forms a bullish pennant pattern, supported by strong community and key resistance breakout.
SOL gains traction through DeFi growth, with cup and handle patterns targeting higher prices.
The c
CryptoNewsLand28m ago
When to Buy Bitcoin Next? Analyst Outlines Exact Entry Levels
Bitcoin dumped hard in early February, plunging to a 15-month low of $60,000. This meant that it had shed over 50% of its value since early October when it peaked at over $126,000.
Although it has recovered roughly 20% since that low and sits close to $72,000 now, there are still some analysts
CryptoPotato39m ago
Retail investors drive widespread bitcoin selling as prices fall
Glassnode's Accumulation Trend Score indicates widespread selling led by retail investors as Bitcoin dips below $67,000, primarily from those holding under 10 BTC, while larger entities hold back, showing neutral behavior.
CoinDesk1h ago
Altcoin Bloodbath Negative Impulse Crushes Bulls at 40%!
Recent data shows negative impulse metrics dominate the altcoin market, indicating selling pressure outweighs buying momentum. Altcoins lag behind Bitcoin, struggling with weak recoveries and short-lived rallies, signaling a cautious market. A shift to positive indicators is needed for potential reversal.
Coinfomania1h ago
BTC Price Plunges to 3-Week Low as Analysts Map Out Next Downside Targets
The first breakdown to under $68,000 seemed as just the beginning for bitcoin’s Friday correction, which just worsened with another dip to a fresh 3-week low.
Most altcoins have followed suit, which has harmed over-leveraged traders, with more than 120,000 such participants being wrecked in the
CryptoPotato1h ago
