A Crypto Analyst Expresses Optimism for TerraUSD Classic and Other Coins
A crypto analyst named Oscar Ramos recently expressed optimism about the near-term prospects of TerraUSD Classic (USTC) and other coins linked to the struggling Terra ecosystem. According to Ramos, USTC’s significant price appreciation indicates renewed interest in the asset, with a 153% gain over the last seven days.
“I’m just so happy for this. Look at this. That is a price that it hasn’t been since the beginning of 2023.”
Ramos attributes USTC’s gains to higher trading volumes, token burns, and Binance relisting the token. However, he acknowledges that predicting future outcomes is difficult.
“No one here knows what exactly is going to happen, but you have to understand this is not dead, right? This is not over like a lot of people were saying.”
Ramos also sees potential for Terra Classic (LUNC), believing that if USTC continues rising, it could positively impact LUNC as well. Terra Classic is currently trading at $0.00009922.
Furthermore, Ramos cites the recent recovery of FTX’s native token, FTT, as evidence that investors may be regaining confidence in assets affected by high-profile crashes earlier this year.
However, Ramos advises caution and emphasizes that as long as USTC and LUNC remain actively traded, there is still potential for growth.
Hot Take: Renewed Optimism for TerraUSD Classic and Terra Classic
A crypto analyst named Oscar Ramos has expressed optimism about the future of TerraUSD Classic (USTC) and Terra Classic (LUNC). With USTC experiencing significant price appreciation and gaining 153% over the last seven days, Ramos believes there is renewed interest in the asset. He attributes USTC’s gains to factors such as higher trading volumes, token burns, and Binance relisting the token.
Ramos also sees potential for LUNC, stating that if USTC continues to rise, it could have a positive impact on LUNC. He further mentions the recovery of FTX’s native token, FTT, as a sign that investors may be regaining confidence in assets affected by previous crashes.
While Ramos acknowledges the unpredictable nature of the crypto market, he advises caution but highlights that as long as USTC and LUNC remain actively traded, there is still potential for growth.
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