TerraClassicUSD climbs 15% in 24 hours reclaiming $400 million market cap
After a brief collective bullish run, the majority of the cryptocurrency market is back in the red, but the collapsed ‘stablecoin’ TerraClassicUSD (USTC) continues to advance, positioning itself as the top gainer over the past 24 hours.TerraClassicUSD is currently trading at $0.04349, recording an increase of 15.07% on the day, as well as 19.75% across the previous week.
Over the previous 24 hours, the decentralized finance (DeFi) token has reclaimed $400 million market capitalization, receiving an inflow of $45.91 million. In other words, USTC’s market cap grew from $370.76 million to $416.67 million or 12.38% in one day. USTC’s technical analysis (TA) indicators are looking optimistic, as the summary is suggesting a ‘buy’ sentiment at 13. Breaking down the technicals further, the oscillators are also in a ‘buy’ sentiment with 3, and the same is shown in terms of moving averages (MA) with ‘buy’ at 10.
Source
https://t.me/Cash_Blockchain_News
