Gate News Bot Message, December 11th, according to CoinMarketCap data, as of press time, USTC (TerraClassicUSD) is trading at $0.01, up 10.88% in the past 24 hours, reaching a high of $0.01 and a low of $0.01. Its current market capitalization is approximately $59.4 million, an increase of $5.84 million compared to yesterday.
USTC (Terra Classic USD) is a digital asset within the Terra Classic ecosystem. USTC originated as an algorithmic stable asset within the Terra ecosystem, aiming to mirror the US dollar through on-chain market modules that balance supply and demand with LUNC. After the network adjustment in May 2022, the dollar-pegging mechanism ceased to operate, and USTC transitioned into a freely traded token, with its price fully determined by market supply and demand. Today, USTC is widely used as a volatile digital asset on the Terra Classic network—driving DeFi liquidity pools, paying gas fees, and serving as trading pairs on certain CEXs and DEXs. Terra Classic is an open-source, decentralized blockchain built on Cosmos SDK with Tendermint consensus. It operates independently from the original Terra network and is maintained by a diverse validator set and the most active grassroots organizations within the crypto community. Blocks are finalized in about six seconds, transaction fees are less than one cent, and the chain maintains full sovereignty over smart contract execution.
Important Recent USTC News:
1️⃣ Cryptocurrency Market Revival Continues to Attract Investor Attention
USTC has recently experienced double-digit gains, rising from a 24-hour increase of 10.33% on December 5th, to 19.64% on December 9th, and now standing at 10.88%. This reflects an overall revival in the cryptocurrency market, providing sustained upward momentum for this token. Its market cap has grown from $37.77 million over the past week to the current $59.4 million, an increase of nearly 57%, demonstrating renewed investor confidence in this formerly mainstream algorithmic stablecoin.
2️⃣ Practical Utility Maintains Market Demand in Terra Classic Ecosystem
Despite the significant setback in May 2022, the Terra Classic network continues to develop and maintain real use case demands for USTC. The token’s core functions—providing liquidity for DeFi pools, paying gas fees—remain unchanged. This intrinsic utility supports the token’s market value with solid fundamental backing, aiding in the sustainability of price growth.
3️⃣ Liquidity Across Multiple Exchanges Ensures Trading Convenience
USTC maintains active trading pairs on several major crypto exchanges, including Gate. Sufficient liquidity and market depth provide investors with convenient and stable trading channels. Broad exchange support enhances market participation, contributing to stable USTC prices and upward momentum.
Based on recent performance, USTC’s continuous gains over the past seven days reflect a clear improvement in market sentiment, but investors should still be aware of the inherent volatility and risks associated with this token.
This message does not constitute investment advice. Please be cautious of market fluctuations.
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
Don't guess randomly when bottoming out Bitcoin! "This indicator" has accurately identified the bottom of previous bear markets.
The article discusses the "bottom-fishing" strategy in the cryptocurrency market and introduces an on-chain indicator called "Bitcoin Profit and Loss Supply," which can help investors identify market bottoms. When the supply of profitable and loss-making Bitcoins approaches balance, it typically signals the formation of a bear market bottom. Currently, data shows that these two are converging, and historical crossovers have accurately predicted market rebounds multiple times.
区块客10m ago
Cardano Faces Resistance as ADA Price Drops Below $0.26
Key Insights:
Cardano’s price struggles as it drops below $0.26, maintaining a bearish outlook as moving averages turn into resistance.
Open interest in Cardano rises slightly, indicating traders are rebuilding positions at lower levels amid declining market participation.
Continued
CryptoNewsLand40m ago
Pompliano reminds investors: Bitcoin's value test is approaching. Can cooling inflation support holding positions?
February 14 News, Bitcoin entrepreneur Anthony Pompliano recently stated that as inflation data recedes, Bitcoin investors face the challenge of reassessing their reasons for holding. Pompliano pointed out on Fox Business that the value of Bitcoin lies in its limited supply, and when governments increase money issuance, Bitcoin prices tend to rise. He believes that, like gold, Bitcoin is a preferred long-term investment asset, but during periods of weakening inflation, investors may need to consider their holdings more cautiously.
According to data from the U.S. Bureau of Labor Statistics, the Consumer Price Index (CPI) in January decreased from 2.7% in December to 2.4%. Moody’s Chief Economist Mark Zandi warned that headline inflation data might be lower than actual experience, implying that market demand for inflation-hedging assets like Bitcoin could be affected in the short term. Pompliano stated that the macroeconomic environment will continue to influence Bitcoin price fluctuations, which he calls the “currency slingshot effect”—the short-term deflation masking the dollar’s devaluation trend, leading investors to pay more attention to Bitcoin’s value preservation function in the future.
GateNewsBot1h ago
Say goodbye to the digital gold myth. When will Bitcoin recover along with software stocks?
Bloomberg analysts point out that Bitcoin is gradually no longer viewed as "digital gold," but rather more like high-volatility software stocks. Analysis shows that Bitcoin's price movements differ from gold, and its volatility far exceeds that of gold. As capital flows back into software stocks, Bitcoin has experienced outflows. The future trend will still depend on market sentiment and liquidity.
ChainNewsAbmedia2h ago
Institution: Bitcoin Still Faces Further Downside Risk, Deep Bear Market Could See Prices Halve Again
Ned Davis Research analysts believe that Bitcoin still faces downside risk after a large-scale sell-off, with a potential decline of 70%-75%, possibly dropping to $31,000. However, more institutional buyers at present could provide stability to the price, and a winter is not necessarily inevitable.
GateNewsBot2h ago
Bottoming out and aiming for a rebound by the end of the year! Standard Chartered predicts: Bitcoin may drop to $50,000, and Ethereum could fall to $1,400
Standard Chartered Bank has revised down its short-term outlook for the cryptocurrency market, predicting a potential wave of sell-offs in the coming months but remaining optimistic about a rebound by the end of the year. The Bitcoin target price has been lowered to $100,000, and Ethereum to $4,000, citing low confidence among ETF investors and economic uncertainties affecting market sentiment. Although the short-term outlook is bearish, the long-term market resilience remains positive.
区块客2h ago
