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Behind the USTC surge, is it a cake or a trap?
At 23:00 last night, the original Terra ecological stablecoin UST (USTC) suddenly took off in a straight line. Within an hour, it touched 0.05 USDT from 0.02 USDT, an increase of 250%. As of the time of publication, it was still maintained at around 0.0414 USDT, a new high in a year. It once again pulled up and broke through to 0.0581 at noon, and the momentum continued. The old tree bloomed new flowers. As a "failed project" in the minds of many people, LUNC/USTC successfully attracted the public's attention with the pull here. Market interpretation There are also different opinions, so what is the reason behind the surge in USTC? What new variables are happening that are worthy of attention?
LUNA, LUNC, USTC surge as social activity skyrockets after key update
The three tokens of the Terra ecosystem — Terra (#LUNA ), Terra Classic (#LUNC ) and TerraClassicUSD (#USTC/USDT ) — have gained momentum following an update last week. The surge comes a week after Terraform Labs deployed $10 million worth of assets in three different liquidity pools. #LUNA is up by 22% in the past 24 hours and is trading at $0.83 at the time of writing. The asset’s market cap rose to $490 million, making it the 99th-largest cryptocurrency. Terra’s 24-hour trading volume also witnessed a 400% surge, reaching $485 million.According to data provided by the market intelligence platform Santiment, LUNA’s total open interest (OI) registered a 23% surge over the past day — rising from around $67.7 million to $82.4 million. Moreover, the price surge comes as Terra witnesses a 270% rally in its social activity over the past 24 hours, per Santiment. Luna Classic recorded a 42% hike in the past 24 hours and is trading at $0.00011 at the time of writing. LUNC’s market cap reached $661 million with a daily trading volume of $513 million — making it the 79th-largest crypto asset. According to the market intelligence platform, LUNC’s total OI increased by 54% in the past 24 hours — rising from $3.8 million to $5.8 million. In addition, per Santiment, Luna Classic’s social volume witnessed a 285% rally over the past day. Following the upward momentum, both LUNA and LUNC have gained a spot among the top trending cryptos on X (formerly Twitter), Telegram and Reddit, according to Santiment.Furthermore, USTC’s 268% rally in the past 24 hours helped it gain the 96th spot among the top cryptocurrencies. The asset’s 24-hour trading volume soared by 2,300%, reaching a whopping $1.1 billion over the past day. USTC is currently trading at $0.063.Following the deployment, the Terra ecosystem witnessed a 25% surge in daily transactions and a 900% surge in user activity. #ustcrepeg source: crypto.news
Ethereum made recent gains that were likely not on the back of organic demand.
The liquidity hunt in the coming days could see prices reach $2.9k.
#eth #ETHETFsApproved #ETH🔥🔥🔥🔥 #USTCsurge #ustcrepeg
The liquidity hunt in the coming days could see prices reach $2.9k.
#eth #ETHETFsApproved #ETH🔥🔥🔥🔥 #USTCsurge #ustcrepeg
$USTC going to $1
Do kwon had a vision but it was badly managed and it turned out so bad. the lunc community is one of the most active community in the crypto ecosystem. USTC is the supposed stable coin for $LUNC but ever since the formerly known as Luna decline from $119.18 in 2022 to $0.0000009999 in may that same year the ustc formerly ust losses it stability from $1.
The lunc is now a community project with several projects coming on board and they have one of the most profitable staking system in crypto with allnode accumulating their highest stake which help massively in making decision.
You can earn ustc and other coins by staking your LUNC with any of the approved validators from the classic app.
Early this year, there was a vote from the community to peg ustc back to $1 whereby the number of yes surpassed that of no which is the reason the whole of the lunc enthusiast are still in awe if the ustc pegging is just about to happen.
So far USTC have surged over 300% and still running
If the pegging is happening yes ustc is going to $1.
Hopefully we get there together
#LUNCPricePrediction #ustcrepeg
$LUNC
Do kwon had a vision but it was badly managed and it turned out so bad. the lunc community is one of the most active community in the crypto ecosystem. USTC is the supposed stable coin for $LUNC but ever since the formerly known as Luna decline from $119.18 in 2022 to $0.0000009999 in may that same year the ustc formerly ust losses it stability from $1.
The lunc is now a community project with several projects coming on board and they have one of the most profitable staking system in crypto with allnode accumulating their highest stake which help massively in making decision.
You can earn ustc and other coins by staking your LUNC with any of the approved validators from the classic app.
Early this year, there was a vote from the community to peg ustc back to $1 whereby the number of yes surpassed that of no which is the reason the whole of the lunc enthusiast are still in awe if the ustc pegging is just about to happen.
So far USTC have surged over 300% and still running
If the pegging is happening yes ustc is going to $1.
Hopefully we get there together
#LUNCPricePrediction #ustcrepeg
$LUNC
little Smooth and Slow and steady pump #ustc hinting that huge pump is coming ahead
pump expected : 1 x - 4 x
#ustc #lunc #Write2Earn! #ustcrepeg $USTC $btc $lunc $FTT
Note : Crypto Investment is highly risky always do your own research as well .
pump expected : 1 x - 4 x
#ustc #lunc #Write2Earn! #ustcrepeg $USTC $btc $lunc $FTT
Note : Crypto Investment is highly risky always do your own research as well .
Whale Movements in Polygon and Terra Classic:Key Drivers Behind USTCPeg Restoration and Market Shift
Polygon & Terra Classic: Whale Activity & USTC Peg Restoration
In the ever-evolving world of cryptocurrency, the activities of "whales"—entities or individuals holding large amounts of a particular cryptocurrency—can significantly impact market trends. Recently, Polygon (MATIC) and Terra Classic (LUNC) have come under the spotlight due to notable whale movements and discussions around the restoration of USTC's peg, drawing the attention of both investors and enthusiasts.
Whale Activity on Polygon (MATIC)
Polygon, a Layer-2 scaling solution on the Ethereum blockchain, has been a key player in the DeFi (Decentralized Finance) ecosystem. Its native token, MATIC, has seen substantial growth due to its utility in facilitating faster and cheaper transactions on the Ethereum network. However, as with any cryptocurrency, large holders—whales—can influence its price through significant buying or selling activities.
Recently, data from various on-chain analytics platforms have highlighted increased whale activity on Polygon. These whales have been accumulating MATIC at a rapid pace, suggesting a strong belief in the project's long-term potential. The accumulation comes at a time when the broader crypto market is experiencing fluctuations, making it an intriguing development for market watchers.
The motivations behind these purchases could be diverse. On one hand, it could indicate confidence in Polygon's ongoing developments, such as its recent collaborations and expansions into gaming and NFTs. On the other hand, it might also reflect strategic positioning ahead of anticipated market shifts, especially with Ethereum's continuous evolution.
Terra Classic (LUNC) and the USTC Peg Restoration
Meanwhile, Terra Classic, the rebranded version of the original Terra blockchain following its infamous collapse in 2022, is making headlines for a different reason—efforts to restore the peg of its stablecoin, USTC.
USTC, formerly known as UST (TerraUSD), lost its peg to the US dollar during the May 2022 crash, leading to catastrophic losses for investors and a chain reaction that impacted the entire crypto market. The loss of the peg was primarily due to the algorithmic design of UST, which became unsustainable under extreme market conditions.
Now, the Terra Classic community is exploring ways to restore USTC's peg. The initiative involves a combination of technical upgrades, economic incentives, and possibly even a partial backing by reserves. The community and developers are in discussions about introducing a new mechanism to ensure that USTC can maintain its stability against the US dollar.
However, the road to restoring the peg is fraught with challenges. The trust in algorithmic stablecoins has been severely damaged, and any efforts to revive USTC will need to address these concerns convincingly. Additionally, the involvement of whales in Terra Classic's ecosystem adds another layer of complexity. Large holders could potentially sway the outcome of these efforts, either by supporting the peg restoration or by leveraging their holdings for profit.
The Broader Implications
The activities of whales in Polygon and Terra Classic are emblematic of the broader dynamics in the cryptocurrency market. Whales, by virtue of their substantial holdings, have the power to influence price trends, market sentiment, and even the success of technical upgrades or economic reforms within a blockchain ecosystem.
For retail investors, understanding whale movements can provide valuable insights into market trends. However, it's crucial to approach this information with caution. While whales can signal confidence in a project, their actions can also lead to increased volatility.
The restoration of USTC's peg, if successful, could mark a significant turnaround for Terra Classic, potentially restoring some of the lost confidence in the project. For Polygon, continued whale accumulation could suggest that the platform remains a strong contender in the DeFi and Layer-2 space.
In conclusion, as both Polygon and Terra Classic navigate these critical phases, the role of whales and the outcomes of technical endeavors like USTC's peg restoration will be key factors to watch. The developments in these ecosystems will not only impact their respective communities but could also ripple through the broader crypto market.
#terraClassicLunc #Lunc2TheMoonSoon #luncforever #MATIC✅ #ustcrepeg $LUNC
$MATIC
$USTC
In the ever-evolving world of cryptocurrency, the activities of "whales"—entities or individuals holding large amounts of a particular cryptocurrency—can significantly impact market trends. Recently, Polygon (MATIC) and Terra Classic (LUNC) have come under the spotlight due to notable whale movements and discussions around the restoration of USTC's peg, drawing the attention of both investors and enthusiasts.
Whale Activity on Polygon (MATIC)
Polygon, a Layer-2 scaling solution on the Ethereum blockchain, has been a key player in the DeFi (Decentralized Finance) ecosystem. Its native token, MATIC, has seen substantial growth due to its utility in facilitating faster and cheaper transactions on the Ethereum network. However, as with any cryptocurrency, large holders—whales—can influence its price through significant buying or selling activities.
Recently, data from various on-chain analytics platforms have highlighted increased whale activity on Polygon. These whales have been accumulating MATIC at a rapid pace, suggesting a strong belief in the project's long-term potential. The accumulation comes at a time when the broader crypto market is experiencing fluctuations, making it an intriguing development for market watchers.
The motivations behind these purchases could be diverse. On one hand, it could indicate confidence in Polygon's ongoing developments, such as its recent collaborations and expansions into gaming and NFTs. On the other hand, it might also reflect strategic positioning ahead of anticipated market shifts, especially with Ethereum's continuous evolution.
Terra Classic (LUNC) and the USTC Peg Restoration
Meanwhile, Terra Classic, the rebranded version of the original Terra blockchain following its infamous collapse in 2022, is making headlines for a different reason—efforts to restore the peg of its stablecoin, USTC.
USTC, formerly known as UST (TerraUSD), lost its peg to the US dollar during the May 2022 crash, leading to catastrophic losses for investors and a chain reaction that impacted the entire crypto market. The loss of the peg was primarily due to the algorithmic design of UST, which became unsustainable under extreme market conditions.
Now, the Terra Classic community is exploring ways to restore USTC's peg. The initiative involves a combination of technical upgrades, economic incentives, and possibly even a partial backing by reserves. The community and developers are in discussions about introducing a new mechanism to ensure that USTC can maintain its stability against the US dollar.
However, the road to restoring the peg is fraught with challenges. The trust in algorithmic stablecoins has been severely damaged, and any efforts to revive USTC will need to address these concerns convincingly. Additionally, the involvement of whales in Terra Classic's ecosystem adds another layer of complexity. Large holders could potentially sway the outcome of these efforts, either by supporting the peg restoration or by leveraging their holdings for profit.
The Broader Implications
The activities of whales in Polygon and Terra Classic are emblematic of the broader dynamics in the cryptocurrency market. Whales, by virtue of their substantial holdings, have the power to influence price trends, market sentiment, and even the success of technical upgrades or economic reforms within a blockchain ecosystem.
For retail investors, understanding whale movements can provide valuable insights into market trends. However, it's crucial to approach this information with caution. While whales can signal confidence in a project, their actions can also lead to increased volatility.
The restoration of USTC's peg, if successful, could mark a significant turnaround for Terra Classic, potentially restoring some of the lost confidence in the project. For Polygon, continued whale accumulation could suggest that the platform remains a strong contender in the DeFi and Layer-2 space.
In conclusion, as both Polygon and Terra Classic navigate these critical phases, the role of whales and the outcomes of technical endeavors like USTC's peg restoration will be key factors to watch. The developments in these ecosystems will not only impact their respective communities but could also ripple through the broader crypto market.
#terraClassicLunc #Lunc2TheMoonSoon #luncforever #MATIC✅ #ustcrepeg $LUNC
$MATIC
$USTC
USTC Staking: Unleashing the Unstoppable Potential of Terra Classic's Stablecoin
USTC staking has emerged as a significant topic in the cryptocurrency world, particularly within the Terra Classic ecosystem. With the recent surge in USTC, the LUNC staking APR has experienced an upswing, attracting attention from investors and traders alike. This article aims to provide a comprehensive overview of USTC staking, its benefits, and its impact on the Terra Classic ecosystem.
USTC staking is the process of holding USTC tokens in a wallet to support the Terra Classic network. By staking USTC, users can earn staking rewards, which are typically paid out in USTC and LUNC. This process helps regulate and validate transactions on the Terra Classic blockchain, contributing to the overall stability of the network.
The surge in USTC has led to an increase in the APR on staking for LUNC, creating a buzz within the cryptocurrency realm. The higher APR on staking is primarily due to the passive income benefits that staking offers. As of recent data, the APR on staking for USTC is currently valued at 22.75%, with rewards including USTC and LUNC.
Benefits of USTC Staking:
Passive Income: Staking USTC allows users to earn passive income through staking rewards, which can be a significant incentive for investors and traders.Network Stability: Staking USTC helps regulate and validate transactions on the Terra Classic blockchain, contributing to the overall stability of the network.Diversification: Staking USTC can be a way for investors to diversify their crypto portfolio, as it provides exposure to both USTC and LUNC.
Impact on USTC and LUNC Prices:
The surge in USTC has also led to a significant increase in the prices of both USTC and LUNC. Over the past month, USTC has noted a 371% surge, reaching a high of $0.07324, while LUNC has seen a 88.17% surge, reaching a high of $0.0001241.
Terra Classic community members are mulling a revival of the network's failed terraUSD (USTC) token, which was a stablecoin backed by a basket of assets like LUNA and BTC. The proposed revival model includes token buybacks, unidirectional swaps, staking, and an "algorithmic peg divergence fee" to address the issues with the original design.
USTC staking is a crucial aspect of the Terra Classic ecosystem, providing passive income opportunities, network stability, and potential price appreciation. As the Terra Classic community continues to explore ways to revive USTC, the potential of USTC staking remains an exciting prospect for investors and traders alike.
#TerraEcosystem #ustcrepeg
USTC staking is the process of holding USTC tokens in a wallet to support the Terra Classic network. By staking USTC, users can earn staking rewards, which are typically paid out in USTC and LUNC. This process helps regulate and validate transactions on the Terra Classic blockchain, contributing to the overall stability of the network.
The surge in USTC has led to an increase in the APR on staking for LUNC, creating a buzz within the cryptocurrency realm. The higher APR on staking is primarily due to the passive income benefits that staking offers. As of recent data, the APR on staking for USTC is currently valued at 22.75%, with rewards including USTC and LUNC.
Benefits of USTC Staking:
Passive Income: Staking USTC allows users to earn passive income through staking rewards, which can be a significant incentive for investors and traders.Network Stability: Staking USTC helps regulate and validate transactions on the Terra Classic blockchain, contributing to the overall stability of the network.Diversification: Staking USTC can be a way for investors to diversify their crypto portfolio, as it provides exposure to both USTC and LUNC.
Impact on USTC and LUNC Prices:
The surge in USTC has also led to a significant increase in the prices of both USTC and LUNC. Over the past month, USTC has noted a 371% surge, reaching a high of $0.07324, while LUNC has seen a 88.17% surge, reaching a high of $0.0001241.
Terra Classic community members are mulling a revival of the network's failed terraUSD (USTC) token, which was a stablecoin backed by a basket of assets like LUNA and BTC. The proposed revival model includes token buybacks, unidirectional swaps, staking, and an "algorithmic peg divergence fee" to address the issues with the original design.
USTC staking is a crucial aspect of the Terra Classic ecosystem, providing passive income opportunities, network stability, and potential price appreciation. As the Terra Classic community continues to explore ways to revive USTC, the potential of USTC staking remains an exciting prospect for investors and traders alike.
#TerraEcosystem #ustcrepeg
Ustc / LunC Repag - Binance secret files #lunc #ustc #ustcrepeg plan - is this awesome? Follow for this hot 🔥 informations
They should burn more $LUNC & $USTC to recovery ASAP .
If its late they make investors Drowning to deep with hope .
#LUNC✅ #LUNCRecovery #US_Job_Market_Slowdown #LuncReachOneDollar #ustcrepeg
If its late they make investors Drowning to deep with hope .
#LUNC✅ #LUNCRecovery #US_Job_Market_Slowdown #LuncReachOneDollar #ustcrepeg
Forget Bitcoin, LUNC Coin is Primed for Takeoff as the Altcoin King is Crowned
#LUNC🔥 Coin Poised for Potential Surge as Bitcoin Dominance Weakens
Exciting times are brewing for altcoins, including LUNC, as Bitcoin's dominance wanes. Over the past few months, Bitcoin's grip on the cryptocurrency market has been steadily loosening. This downtrend is currently testing a key resistance level. If this resistance holds, as many analysts predict, Bitcoin is likely to experience another downward swing.
This potential decline in Bitcoin dominance presents a significant opportunity for altcoins like LUNC. Historically, when Bitcoin weakens, altcoins tend to flourish. This phenomenon is often referred to as "alt season," a period of strong growth for alternative cryptocurrencies.
While future market movements are always uncertain, the weakening dominance of Bitcoin paints a bullish picture for LUNC. This could be the catalyst LUNC needs to reignite its potential and experience a significant price increase.
Positive Sentiment for LUNC Investors
For LUNC investors, this news is a welcome sign. The potential for an altcoin season fueled by Bitcoin's decline could lead to substantial gains for LUNC. With Bitcoin dominance on the ropes, LUNC is poised to potentially break out and reclaim its position in the market.
Disclaimer: This article is for informational purposes only and should not be considered financial advice. Please do your own research before making any investment decisions.
#TerraNetwork #ustcrepeg
Exciting times are brewing for altcoins, including LUNC, as Bitcoin's dominance wanes. Over the past few months, Bitcoin's grip on the cryptocurrency market has been steadily loosening. This downtrend is currently testing a key resistance level. If this resistance holds, as many analysts predict, Bitcoin is likely to experience another downward swing.
This potential decline in Bitcoin dominance presents a significant opportunity for altcoins like LUNC. Historically, when Bitcoin weakens, altcoins tend to flourish. This phenomenon is often referred to as "alt season," a period of strong growth for alternative cryptocurrencies.
While future market movements are always uncertain, the weakening dominance of Bitcoin paints a bullish picture for LUNC. This could be the catalyst LUNC needs to reignite its potential and experience a significant price increase.
Positive Sentiment for LUNC Investors
For LUNC investors, this news is a welcome sign. The potential for an altcoin season fueled by Bitcoin's decline could lead to substantial gains for LUNC. With Bitcoin dominance on the ropes, LUNC is poised to potentially break out and reclaim its position in the market.
Disclaimer: This article is for informational purposes only and should not be considered financial advice. Please do your own research before making any investment decisions.
#TerraNetwork #ustcrepeg