Terra's Crypto Tokens UST and Luna Classic Pumped This Week, UST Climbed by 470%
Terra is a blockchain protocol that uses fiat-pegged stablecoins to power price-stable global payments systems. After the downfall of the two most popular crypto on the Terra blockchain, the digital currencies TerraUSD and Luna Classic (LUNC) increased a great deal in value against the U.S dollar.
Last seven days LUNC has risen 96.3% and the once-stable coin UST has increased 472.4% this week.
Luna Classic and the Stablecoin UST rise significantly against the US Dollar. LUNC and UST stablecoin that is sometimes referred to as terraclassicusd
Terra's new token is now referred to as LUNA. UST was once stable and held the $1 parity from October 2020 until May 9, 2022 When UST depegged it decrease a US penny and tapped a low of $0.006 per unit on June 18, 2022
The live Terra Classic price today is $0.000124 with a 24-hour trading volume of $453,563,860 USDTerra Classic is up 9.62% in the last 24 hours. The current CoinMarketCap ranking is #210, with a live market cap of $815,665,889. It has a circulating supply of 6,556,408,526,938 LUNC coins.
Furthermore, the $0.006 per unit is low. UST has increased 617.5% from that range UST swelled by 472.4% this week to $0.0926 per unit on June 29 while UST was down after that rise.