Terraform Labs' strategic investment of $15 million in three liquidity pools in November continues to pay dividends for Terra Luna Classic (LUNC) and TerraClassicUSD (USTC).
Altcoins have experienced a wave of bullish momentum in the wake of the maneuver, demonstrating the power of crypto projects.
Adding further intrigue was a recent post by an analyst on a popular YouTube channel who examined USTC's impressive rise from under $0.03 to over $0.05. However, the analyst warned that emerging weakness in LUNC could spell trouble for USTC.
Still, USTC started this week undeterred, rising around 300% after Binance launched USTC perpetual contracts. Currently at around $0.066 with $9 billion in circulation, USTC is up 235% in the past week.
The strong market 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 performance.
Also read: Brothers acquitted of $8.5 million crypto hack charges
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