- TerraClassicUSD (USTC) soars 160% in 24 hours, sparking crypto market optimism with TCL’s strategic investment.
- TCL’s bold acquisition of USTC stabilizes the stablecoin, sending Terra Classic (LUNC) to a 3-month high.
- LUNC’s overbought RSI and intense purchasing pressure hint at a potential short-term correction.
TerraClassicUSD (USTC) has witnessed a significant surge, climbing over 160% within 24 hours. This surge, driven by a strategic investment by Terra Classic Labs (TCL), has had a cascading effect on Terra Classic (LUNC), sparking enthusiasm about a potential recovery in the cryptocurrency market.
$USTC (#TerraClassicUSD)'s 3d Prices, after holding a breakout, are now showing MAJOR STRENGTH and can be in pursuit of the ≈$0.069 target area!This could mean that another +252% surge in prices to reach this target may be on its way, and in response, the Terra Platform can… https://t.co/40b0BAmzJd pic.twitter.com/xOiZjkIhaq
— JAVONMARKS (@JavonTM1) November 26, 2023
TCL’s acquisition of 25.6 million USTC, valued at around $500,000 at an average price of $0.021 per USTC, aligns with its Treasury Reserve Policy. This policy is designed to stabilize U…
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