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?
Also Read: Terra Luna Classic Community Passes Crucial Proposal; LUNC And USTC Price Skyrockets
USTC Price Escapes From Year-Long Stagnation.
Source- Tradingview
Algorithmic stablecoin TerraClassicUSD USTC, previously known as UST, faced a significant loss of stability leading to a collapse in 2022. The stablecoin’s detachment from its peg to the US dollar triggered a cascading effect that impacted its sister token, LUNA, and caused a breakdown of the Terra-LUNA blockchain ecosystem. Post losing its peg, the price of USTC fell to a low of $0.006 in June 2022.
Following this tumultuous period, the stablecoin value became stagnant for over a yea
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