Terraform Labs’ strategic $15 million investment across three liquidity pools in November continues to pay dividends for Terra Luna Classic (LUNC) and TerraClassicUSD (USTC).
The altcoins have rode a wave of bullish momentum off the back of the maneuver, demonstrating the power savvy crypto projects wield.
Adding intrigue, a popular YouTube channel recently featured an analyst examining USTC’s impressive climb from under $0.03 to over $0.05. However, the analyst cautioned that emerging weakness in LUNC could spell trouble for USTC.
Yet USTC started this week unfazed, surging around 300% following Binance’s launch of USTC perpetual contracts. Currently exchanging hands around $0.066 with a circulating supply of 9 billion, USTC has skyrocketed 235% this past week.Â
The market’s emphatic response validates Terraform Lab’s strategic developments and announcements. Still, analysts urge investors to keep an eye on LUNC as a potential indicator of USTC’s future trajectory.
