The Terra Luna Classic community is voting on a major upgrade proposal aimed at simplifying tax processes and improving network security.
This update, scheduled for December 17, seeks to attract developers from the Cosmos ecosystem and boost utility. Validator support has been unanimous, signaling strong community backing for the “Upgrade to v3.3.0.”
On the price front, LUNC recently broke out of a triangle pattern, reminiscent of XRP’s recent rally. While the token surged over 40% this week, profit-taking has led to a slight pullback, with the current price at $0.0001613.
Analysts believe closing above $0.00018 could pave the way for a climb to $0.0005, provided trading volumes rise.
Meanwhile, the Terra ecosystem shows broader bullish trends, with USTC gaining 20% and LUNA surging 52% this week. Community efforts and the proposed upgrade could further drive momentum across the network.
Dogecoin’s network has seen a massive uptick in activity, with the number of active addresses skyrocketing by 400%, according to blockchain analytics.
Ella Zhang, head of YZi Labs (formerly Binance Labs), has observed a noticeable change in crypto investment patterns.
21Shares has decided to shut down its Bitcoin and Ethereum futures ETFs, with liquidation expected to take place by March 28.
Solana has recently dipped to its lowest value since August 2024, prompting analysts at MakroVision to examine its price movement and determine what might come next.