TerraClassicUSD (USTC) Skyrockets with LUNA and LUNC; This Binance Announcment Fuels the Surge
/ Explore the meteoric rise of TerraClassicUSD (USTC) alongside LUNA and LUNC, fueled by strategic investments and the latest Binance Futures listing.
Author: Nilesh Hembade.
Date: 27 Nov 2023, 13:56 PM IST
In a whirlwind of activity within the cryptocurrency market over the last 24 hours, Terra Classic Ecosystem Tokens have taken center stage. The decentralized and algorithmic stablecoin of the Terra blockchain, TerraClassicUSD (USTC), has experienced an astonishing surge, catapulting by an impressive +281.01% to reach $0.0649. Concurrently, Terra Classic (LUNC) has also soared by +44.0%, settling at $0.0001177, while Terra (LUNA) marked a substantial +21.23% surge over the past day, now standing at $0.833.
The driving force behind this remarkable rally lies in a strategic investment orchestrated by Terra Classic Labs (TCL), a key player dedicated to revitalizing the Terra Classic ecosystem. TCL’s significant acquisition of 25.6 million USTC, totaling approximately $500,000, at an average purchase price of $0.021 per USTC, has injected renewed vigor into the ecosystem.
Binance Futures Listing Announcment :
However, the surge reached new heights following a pivotal announcement from Binance Futures. The renowned cryptocurrency exchange disclosed the listing of TerraClassicUSD (USTC) USDⓈ-M USTC Perpetual Contract with Up to 50x Leverage.
#Binance Futures will launch the USDⓈ-M USTC Perpetual Contract at
— Binance Futures (@BinanceFutures) November 27, 2023
🗓Nov 27, 2023 12:30 (UTC).
Read more ➡️https://t.co/faaIU0ARtl pic.twitter.com/8HGfX3cjEr
This listing, is scheduled at 12:30 (UTC) on November 27, 2023, acted as a catalyst, adding fuel to the already blazing Terra Classic Ecosystem Tokens surge.
Investors and enthusiasts alike are now closely monitoring the unfolding developments, as TerraClassicUSD (USTC) continues its meteoric rise, fueled by strategic investments and the backing of major cryptocurrency platforms like Binance.
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