Altcoins

USTC Gaining Back Stability, $1 Peg Obtainable?

  • The price of USTC reached the maximum limit of $0.099 on June 29.
  • The coin has moved up from its All Time Low (ATL) to 1022.9%.

The collapsed stablecoin TerraClassicUSD (USTC) by Terra, was trending for the last 7 days. The token reached the highest price value as much as $0.099, as per CMC data. Also, many in the LUNAtic community anticipated the regain of the $1 peg too.

USTC Price Chart (Source: CMC)

On June 23, exactly a week before, the token was at a $0.00929 price and now it is trading at $0.06084. The difference between the price range has moved up a decimal place. The price increase in the last 7 days accounted for 640.4% in CoinGecko. The circulating supply is 10 million as of now.

Current Position of USTC

The token holds 64 in regards to the market rank as per CMC. The market capitalization is around $650 million and ranks 71 in terms of market cap. The All-Time Low (ATL) of USTC is $0.00601921 and the current price is 1022.9% above it.

USTC Market Cap (Source: CoinGecko)

The exchanges in which USTC is available for trading are Binance, KuCoin, OKX, Huobi Global, and Gate.io. The volume of the token in these platforms is 66.14%, 13.41%, 8.81%, 3.17%, and 2.46% respectively.

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