Terra Classic Set for Major Upgrade Amid LUNC’s Bullish Momentum
05.12.2024 22:00 1 min. read Kosta Gushterov
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.
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