TerraClassicUSD up 276%. InQubeta Raises $5.4m in ICO

TerraClassicUSD (USTC), the algorithmic stablecoin of the Terra ecosystem, has surged by an impressive 301%, catapulting its market cap to $640,460,560. This extraordinary growth prompts a closer look into the catalysts and dynamics driving USTC’s meteoric rise.

USTC Price Growth Catalysts

Two significant factors have propelled TerraClassicUSD’s price surge. Firstly, a strategic $500,000 investment from Terra Classic Labs resulted in the acquisition of 25.6 million USTC at an average price of $0.021. Trader QT, an Official Terra Classic Labs partner, emphasized that this accumulation aligns with the outfit’s Treasury Reserve Policy.

While initially conceived as a stablecoin pegged to the US Dollar, USTC’s de-pegging in 2020 transformed it into an asset with considerable profit potential.

Adding to the momentum, Binance Futures has listed USTC, introducing a USDⓈ-M USTC Perpetual Contract with up to 50x leverage. This listing positions TerraClassicUSD as an asset with broader potential than its original stablecoin design.

Some analysts are positive about USTC’s potential to reach $1, considering its recent performance and ongoing efforts to recover from last year’s de-peg. Despite challenges faced by the Terra ecosystem, initiatives aimed at revitalizing USTC and LUNC are gaining momentum.

While hitting the $1 mark may not happen immediately, the rising transaction counts and positive events indicate a growing sense of optimism in the ecosystem, hinting at the possibility of a surprise turnaround

InQubeta (QUBE): A Gateway to AI Investing

Amidst the Binance listing turbulence, InQubeta, a platform bridging investors and AI start-ups, has emerged as a heavyweight in the Web3 space. InQubeta’s vision revolves around democratizing investments in the thriving AI sector, recognizing it as the frontier of technological evolution.

InQubeta’s presale has generated a substantial level of interest, surpassing the $5.4 million mark. Beyond the funds raised, it symbolizes investor confidence in QUBE, the ERC20 token underpinning InQubeta’s investment ecosystem.

Integrating QUBE within the InQubeta N

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Author: BeInCrypto Team

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