Terra Classic Price Surges 27% Amid News of Terra Classic Labs’ New Venture
The price of Terra Classic has increased by 27% in the last 24 hours, reaching a trading value of $0.000116. During the same period, trading volume has risen by 1,100%, following the announcement of a new venture by Terra Classic Labs.
Terra Classic Labs Invests in USTC Stablecoin
Terra Classic Labs has acquired 25.6 million USTC (TerraClassicUSD) as part of its Treasury Reserve Policy. The investment, worth approximately $500,000, was made at an average price of $0.021 per USTC. This move aims to recover the value of the USTC stablecoin after it was de-pegged from the $1 mark in May 2022.
Positive Outlook for Terra Classic Price
The Terra Classic price is currently showing a bullish bias after experiencing a significant surge on November 26. The Relative Strength Index (RSI) and Exponential Moving Averages (EMA) are both indicating growing momentum. Although the RSI suggests that LUNC is overbought, selling may not be imminent as the momentum indicator remains tilted towards an upward trend.
Promising Alternative: BTCETF Token
BTCETF Token is another cryptocurrency project worth considering. It operates as an ecosystem that anticipates the approval of spot Bitcoin exchange-traded funds (ETFs). The project is currently in its fifth stage of presale, with over $1.8 million already raised and only 18 hours left before a price increase.
Hot Take: Terra Classic and BTCETF Token Present Lucrative Investment Opportunities
Both Terra Classic and BTCETF Token offer potential for significant gains. Terra Classic’s recent surge and positive price outlook make it an attractive investment option. Meanwhile, BTCETF Token’s position as a frontrunner in the Bitcoin ETF market presents an opportunity to capitalize on the anticipated surge in demand for spot Bitcoin ETFs.
Insa’s extensive background in the financial realm encompasses roles as a writer, trader, and personal finance coach. Her proficiency spans a wide spectrum, ranging from commodities and indices to forex and cryptocurrencies. Insa’s specialization lies in furnishing strategic investment advice tailored to the fintech investment niche.