are likely to remain optimistic as the integration of USTC into the Cosmos blockchain could potentially increase demand for the token in the future. The partnership between USTC and Membrane represents a significant milestone for Terra Classic as it expands the use case of its stablecoin beyond just being a means of payment.
The bullish signal on the daily chart suggests that Terra Classic’s price could be poised for a significant uptrend in the coming days. This could be driven by increased interest in the project due to the new utility of USTC within the Cosmos ecosystem. As a result, investors may start accumulating LUNC in anticipation of a potential price rally.
The drop in LUNC’s price over the last day may be attributed to short-term profit-taking by traders who bought the token at lower levels. However, this temporary dip in price could present a buying opportunity for investors looking to enter a bullish position on Terra Classic. As the project continues to gain traction in the crypto community, the price of LUNC could see further upside potential.
The integration of USTC as collateral for the CDT token by Membrane is a positive development for Terra Classic as it adds a new use case for its stablecoin. This partnership could potentially attract more users to the Terra Classic ecosystem, driving up demand for LUNC in the process. With the bullish signal on the daily chart, the future looks bright for Terra Classic and its native token.
In conclusion, the recent price action of Terra Classic and the integration of USTC into the Cosmos blockchain signal a positive outlook for the project. The bullish signal on the daily chart and the new utility of USTC as collateral for the CDT token by Membrane are likely to attract more investors to Terra Classic. Despite the drop in LUNC’s price over the last day, the long-term prospects for the project remain promising. Investors may want to consider accumulating LUNC at current levels in anticipation of a potential price rally in the near future.
