Terra Classic, a prominent cryptocurrency, saw a noteworthy boost in its market capitalization. It surged by 8% to reach an impressive $699.65 million. Furthermore, the trading volume for the token experienced a substantial rise of 273.87% within a 24-hour period, reaching a total of $128.13 million. This surge in trading activity propelled Terra Classic to the 66th position in terms of volume rankings.
The volume/market cap ratio for Terra Classic stands at 18%. This calculation takes into account the circulating supply of the token, which currently stands at 5.79 trillion, and the total supply of 6.97 trillion. These figures indicate the relative trading activity in comparison to the overall market value of the token.
Terra Classic has been displaying a positive trend in its price over the past week. The price increased by a solid 8%, driven by a growing sense of optimism within the market and renewed interest from investors. This upward trajectory has been consistent over the past month as well, with the token experiencing a steady 15% increase. During this time, the token has been trading within the range of $0.0001 to $0.00012, reflecting the prevailing positive sentiment in the market.
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