- TerraClassicUSD receives a very strong long-term technical score of 100.
- TerraClassicUSD’s trading patterns over the last year lead to the coin’s strong long-term score.
- USTC is trading at $0.04201 after a 23.57% drop in price over the last 24 hours.
Investors were skeptical about the long-term trading metrics for TerraClassicUSD (USTC), considering the drama that surrounded the stablecoin earlier in the year.
However, things are looking better for TerraClassicUSD as it receives a very strong long-term technical score of 100 from an analysis done by InvestorsObserver.
There are a few metrics that made the TerraClassicUSD earn high scores in the long-term trading patterns. This includes analyzing a variety of things like consistency, volatility, and its relativity to long-term averages to decide whether it could be considered a strong buy-and-hold investment opportunity.
Moreover, TerraClassicUSD’s trading patterns over the last year lead to the coin’s strong long-term score of 100. The crypto’s consistency, volatility, and its relation to long-term averages have also led investors to be neutral on the coin. Significantly, this information could be especially helpful to long-term investors employing a buy-and-hold strategy when it comes to deciding where they want to allocate their assets.
Terra Classic USD/Tether 1-day Trading Chart (Source: CoinMarketCap)
At the moment, USTC is trading at $0.04201 after a 23.57% drop in price over the last 24 hours and after reaching a high of $0.05552 over the same time period. This price translated to about 0.000002152 BTC or 0.00003964 ETH. Although USTC is down over the last day, it is still up 298.81% over the last seven days.
USTC’s 24-hour trading volume is down by 55.27% and is currently standing at $141,999,930. With regards to market cap, USTC is standing at $428,933,788.
Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CQ. No information in this article should be interpreted as investment advice. CQ encourages all users to do their own research before investing in cryptocurrencies