Terra Classic

Terra

TerraClassicUSD

<ul>
 <li>Both LUNC and USTC have witnessed a substantial surge, drawing attention within the crypto market.</li>
 <li>USTC surged by 165% in the last 24 hours, and LUNC saw a 51% increase, erasing a zero and indicating a breakout.</li>
</ul>
TerraClassicUSD (USTC) stablecoin has displayed a striking upswing, surging over 276% in the last 24 hours, triggering renewed optimism within the Terra Classic (LUNC) community and marking a significant moment for the digital asset.
This unexpected rally follows a quiet pullback period, with both USTC and LUNC prices witnessing <a href="https://thenewscrypto.com/terra-classic-lunc-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">significant surges </a>of 276% and 51%, respectively, erasing one zero from LUNC. Also, this sudden jump has stirred the bullish trend and heightened the probability of a sustained uptrend in both digital assets.
The catalyst for this shift can be attributed to an update from Trader QT, an X (formerly Twitter) user and official partner of Luna Classic Labs. Trader QT disclosed that Terra Classic Labs acquired 25.6 million USTC, totaling $500,000, as part of its Treasury Reserve Policy, with an average purchase price of $0.021 per unit. This <a href="https://thenewscrypto.com/blockchain-news-l1-terra-classic-task-force-l1tf-all-set-with-v2-2-0-core-upgrade/" target="_blank" rel="noopener noreferrer nofollow">strategic move</a> is expected to bolster the stablecoin’s rally and play a significant role in the surge of Terra ecosystem tokens, including LUNA.
<h3 class="wp-block-heading" id="h-ustc-and-lunc-continue-momentum">USTC and LUNC Continue Momentum!</h3>
USTC had de-pegged from its intended $1 peg back in May 2022 and has now been placed on a different recovery model, aiming to revive its price to reach $0.070.&nbsp;
<div class="wp-block-image">
 <figure class="aligncenter size-large"><img decoding="async" width="1024" height="517" src="https://thenewscrypto.com/wp-content/uploads/2023/11/image-61-1024x517.png" alt="" class="wp-image-86456" srcset="https://thenewscrypto.com/wp-content/uploads/2023/11/image-61-1024x517.png 1024w, https://thenewscrypto.com/wp-content/uploads/2023/11/image-61-300x152.png 300w, https://thenewscrypto.com/wp-content/uploads/2023/11/image-61-768x388.png 768w, https://thenewscrypto.com/wp-content/uploads/2023/11/image-61.png 1304w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption">TerraClassicUSD (USTC) Price Chart (Source: <a href="https://in.tradingview.com/symbols/USTCUSDT/?exchange=BINANCE" target="_blank" rel="noopener noreferrer nofollow">TradingView</a>)
 </figcaption>
 </figure>
</div>
Currently, USTC has <a href="https://thenewscrypto.com/crypto-news-binance-to-support-terra-luna-network-upgrade-lunc-and-ustc-reacts/" rel="noopener noreferrer nofollow">surpassed </a>276% in the last 24 hours and 383% over the past week, reaching a 17-month high of $0.070, last observed in June 2022. Further, USTC’s daily trading volume has witnessed a huge rally of over 2208% in the last 24 hours, amounting to a total of $1.2 trillion.
<div class="wp-block-image">
 <figure class="aligncenter size-large"><img decoding="async" width="1024" height="553" src="https://thenewscrypto.com/wp-content/uploads/2023/11/image-62-1024x553.png" alt="" class="wp-image-86457" srcset="https://thenewscrypto.com/wp-content/uploads/2023/11/image-62-1024x553.png 1024w, https://thenewscrypto.com/wp-content/uploads/2023/11/image-62-300x162.png 300w, https://thenewscrypto.com/wp-content/uploads/2023/11/image-62-768x415.png 768w, https://thenewscrypto.com/wp-content/uploads/2023/11/image-62.png 1303w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption">Terra Classic (LUNC) Price (Chart (Source: <a href="https://in.tradingview.com/symbols/LUNCUSDT/ideas/?exchange=BINANCE" target="_blank" rel="noopener noreferrer nofollow">TradingView</a>)
 </figcaption>
 </figure>
</div>
LUNC also followed the same suit and hit a 7-month high of $0.00012. The cryptocurrency is up 51% in a day and 56% in the past week. Securing the 71st position with a market cap of $695 million. In the last 24 hours alone, LUNC has seen a remarkable 1152% increase in daily trading volume, reaching $678.4 million.
Moreover, Terra Luna (LUNA) also displayed a 32% rally in the last 24 hours, currently trading at $0.8906. However, this unexpected turn of events has not only reignited optimism within the Terra Classic community but has also captured the attention of the wider crypto market, marking a new chapter in the trajectory of USTC and LUNC.&nbsp;

Terra Classic Tokens LUNC and USTC Surge Rapidly, What Sparked the Rally?

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