$USTC USTC price has risen sharply
- Community proposal impact: TerraClassic community voted to pass the proposal of "destroying 800 million USTC through contract migration". The destruction mechanism can reduce the circulating supply and increase its value.
- Overall market sentiment: The overall sentiment of the cryptocurrency market has improved, which has pushed up the price of USTC. When the market is in an upward trend, capital inflows increase, and investors' confidence in various cryptocurrencies increases. USTC, as one of them, has also been positively affected.
- Ecosystem development: USTC is associated with the Terra Classic ecosystem. If the ecosystem makes progress, such as the advancement of related projects and the upgrading of technology, investors will have more positive expectations for the future development of USTC, thereby driving up its price.
