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Terra Luna Classic Announces Game Changing v2.4.0 Upgrade, LUNC Price to $1?
The Terra Luna Classic community is undergoing crucial chain upgrades, aiming to advance the utility of Terra Classic and boost token prices, particularly LUNC and USTC. The recent successful upgrade of Testnet rebel-2 to v2.4.0 of the terrad client sets the stage for the proposed major upgrade. Key changes include the introduction of IBC-Hooks and Package-Forward-Middleware (PFM), an E2E and Interchain Testing Suite, and fixes for MsgExec processing in Tax Ante Handler. The proposal, submitted by developer Till "fragwuerdig" Ziegler, suggests halting the Terra Luna Classic chain at block height 17309500 if accepted.
As a result of the community's focus on development, LUNC and USTC prices are rallying, breaking resistance levels. LUNC, with a recent 30% jump and an 82% monthly rally, is trading at $0.000181.
The Terra Luna Classic community is undergoing crucial chain upgrades, aiming to advance the utility of Terra Classic and boost token prices, particularly LUNC and USTC. The recent successful upgrade of Testnet rebel-2 to v2.4.0 of the terrad client sets the stage for the proposed major upgrade. Key changes include the introduction of IBC-Hooks and Package-Forward-Middleware (PFM), an E2E and Interchain Testing Suite, and fixes for MsgExec processing in Tax Ante Handler. The proposal, submitted by developer Till "fragwuerdig" Ziegler, suggests halting the Terra Luna Classic chain at block height 17309500 if accepted.
As a result of the community's focus on development, LUNC and USTC prices are rallying, breaking resistance levels. LUNC, with a recent 30% jump and an 82% monthly rally, is trading at $0.000181.
Terra Classic (LUNC) Genuine Labs’ Proposal Rejected After Facing Major Roadblock
The Genuine Labs developer group's proposal to enhance Terra Luna Classic chain's functionality and interoperability faces obstacles as validators reject signaling proposal 12087, citing concerns over the stability of Cosmos SDK 0.50. The rejected plan included upgrades to Cosmos SDK 0.50.1 (Eden), IBC go v8, and Wasmd 0.50.0. Not reaching quorum, the proposal failed, with top developers expressing worries, including Jacob Gadikian from Notional Labs. LUNC and USTC prices remain unaffected, and a new core upgrade proposal is under discussion. LUNC is currently trading at $0.0001798, showing a 46% increase last week, while USTC is at $0.03657 with a 2% decrease today and decreased trading volume.
The Genuine Labs developer group's proposal to enhance Terra Luna Classic chain's functionality and interoperability faces obstacles as validators reject signaling proposal 12087, citing concerns over the stability of Cosmos SDK 0.50. The rejected plan included upgrades to Cosmos SDK 0.50.1 (Eden), IBC go v8, and Wasmd 0.50.0. Not reaching quorum, the proposal failed, with top developers expressing worries, including Jacob Gadikian from Notional Labs. LUNC and USTC prices remain unaffected, and a new core upgrade proposal is under discussion. LUNC is currently trading at $0.0001798, showing a 46% increase last week, while USTC is at $0.03657 with a 2% decrease today and decreased trading volume.
Terra Classic Surges As Burns Help Attract Buyers To Market
Terra Classic (LUNC), born from the Terra Labs crisis, recently surged to its 2024 peak on March 2. The token's rally was fueled by a Binance token burn on March 1, removing 2.21 billion LUNC tokens. The Terra Classic community has burned over 102 billion tokens, contributing to a market cap crossing $1 billion. However, the recent bull run faces skepticism, as it may be driven by traders manipulating markets for profits. The rally paused on March 3, with bearish pressure near $0.0002. A successful breach could target $0.000245, while failure may lead to a test of support levels near $0.00014 and $0.0001. The RSI remains overbought at 75.02 on daily charts.
Terra Classic (LUNC), born from the Terra Labs crisis, recently surged to its 2024 peak on March 2. The token's rally was fueled by a Binance token burn on March 1, removing 2.21 billion LUNC tokens. The Terra Classic community has burned over 102 billion tokens, contributing to a market cap crossing $1 billion. However, the recent bull run faces skepticism, as it may be driven by traders manipulating markets for profits. The rally paused on March 3, with bearish pressure near $0.0002. A successful breach could target $0.000245, while failure may lead to a test of support levels near $0.00014 and $0.0001. The RSI remains overbought at 75.02 on daily charts.
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$BTC 66648.993 USD (+0.44%) 🟢$LUNC 0.00021914 USD (+18.07%) 🟢$LUNA 1.273 USD (+55.15%) 🟢Terra Luna Classic Hit 100 Billion LUNC Burn Landmark, LUNC Price Skyrockets
Terra Luna Classic has hit another milestone with 100 Billion LUNC burn amid Binance LUNC burn, causing price to jump 10%
Terra Luna Classic community’s campaign to reduce LUNC supply through token burn has hit the 100 billion LUNC landmark. The world’s largest crypto exchange Binance has contributed immensely to LUNC burn with its monthly LUNC burn mechanism, accounting for over 51% of the total LUNC burned by the community.
The community praised Binance and CEO Richard Tend for its 19th batch of LUNC burn mechanism to kick start another LUNC rally from the landmark 100 billion LUNC burn.
Terra Luna Classic has hit another milestone with 100 Billion LUNC burn amid Binance LUNC burn, causing price to jump 10%
Terra Luna Classic community’s campaign to reduce LUNC supply through token burn has hit the 100 billion LUNC landmark. The world’s largest crypto exchange Binance has contributed immensely to LUNC burn with its monthly LUNC burn mechanism, accounting for over 51% of the total LUNC burned by the community.
The community praised Binance and CEO Richard Tend for its 19th batch of LUNC burn mechanism to kick start another LUNC rally from the landmark 100 billion LUNC burn.
Terra Luna Classic Core Upgrade Goes Live
Proposal 12087, titled "Genuine Labs Terra Classic Upgrade," is currently up for voting on Station wallet. The aim is to enhance Terra Luna Classic's functionality and interoperability through strategic upgrades to Cosmos SDK 0.50.1 (Eden), IBC go v8, and Wasmd 0.50.0. Genuine Labs, consisting of three developers, plans to complete the proposed developments in 8 weeks with a budget of $30K. The upgrades focus on security, interoperability, and developer-friendly improvements for better performance on the Cosmos network. The proposed security package includes upgrading Wasmd, Comet BFT, Cosmos SDK, IBC hooks and PFM, and various dependencies. The proposal has garnered 96% approval in the initial voting, with all 5 participating validators voting "Yes." Upon approval, tasks will commence, and a spend proposal will follow the successful completion of outlined tasks.
Proposal 12087, titled "Genuine Labs Terra Classic Upgrade," is currently up for voting on Station wallet. The aim is to enhance Terra Luna Classic's functionality and interoperability through strategic upgrades to Cosmos SDK 0.50.1 (Eden), IBC go v8, and Wasmd 0.50.0. Genuine Labs, consisting of three developers, plans to complete the proposed developments in 8 weeks with a budget of $30K. The upgrades focus on security, interoperability, and developer-friendly improvements for better performance on the Cosmos network. The proposed security package includes upgrading Wasmd, Comet BFT, Cosmos SDK, IBC hooks and PFM, and various dependencies. The proposal has garnered 96% approval in the initial voting, with all 5 participating validators voting "Yes." Upon approval, tasks will commence, and a spend proposal will follow the successful completion of outlined tasks.
LUNC Price: Terra Classic Rockets 68% In A Week, A Call To Buy Or Sell?
The focus that Bitcoin has garnered since the onset of the fourth quarter last year is now gradually extending to alternative cryptocurrencies, commencing with the prominent Ethereum. Ethereum recently achieved another significant milestone, surpassing the $3,800 mark on Tuesday. Furthermore, the momentum is evident in the ascending trajectory of LUNC's value, boasting a remarkable 14% surge within a 24-hour period, coupled with an astonishing 56% upswing in the past week.
During U.S. business hours, Terra Classic is currently trading just above $0.00002.
The focus that Bitcoin has garnered since the onset of the fourth quarter last year is now gradually extending to alternative cryptocurrencies, commencing with the prominent Ethereum. Ethereum recently achieved another significant milestone, surpassing the $3,800 mark on Tuesday. Furthermore, the momentum is evident in the ascending trajectory of LUNC's value, boasting a remarkable 14% surge within a 24-hour period, coupled with an astonishing 56% upswing in the past week.
During U.S. business hours, Terra Classic is currently trading just above $0.00002.
LUNC Price Prediction: Navigating The Road To $1
The Terra Classic ecosystem is now capturing considerable attention, marking a noteworthy resurgence after months of redefining its identity following Terra's classic upheaval in 2022.
Numerous proposals have undergone thoughtful consideration, with some successfully adopted to ensure the network's optimal functioning in the dynamic landscape of blockchain technology.
The Luna Classic (LUNC) token stands to gain from a robust token burn mechanism, notably supported by Binance, the world's preeminent cryptocurrency exchange in terms of trading volume. This strategic approach has played a pivotal role in significantly elevating the value of LUNC.
Nevertheless, it's crucial to acknowledge that the pursuit of a more streamlined token supply remains an ongoing journey. Presently, Terra Classic boasts a total token supply of 6.8 trillion, while the circulating supply hovers around 5.8 trillion.
The Terra Classic ecosystem is now capturing considerable attention, marking a noteworthy resurgence after months of redefining its identity following Terra's classic upheaval in 2022.
Numerous proposals have undergone thoughtful consideration, with some successfully adopted to ensure the network's optimal functioning in the dynamic landscape of blockchain technology.
The Luna Classic (LUNC) token stands to gain from a robust token burn mechanism, notably supported by Binance, the world's preeminent cryptocurrency exchange in terms of trading volume. This strategic approach has played a pivotal role in significantly elevating the value of LUNC.
Nevertheless, it's crucial to acknowledge that the pursuit of a more streamlined token supply remains an ongoing journey. Presently, Terra Classic boasts a total token supply of 6.8 trillion, while the circulating supply hovers around 5.8 trillion.
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$BTC 66380.807 USD (-0.4%) 🔴$LUNC 0.00019068 USD (-12.99%) 🔴$LUNA 1.081 USD (-15.04%) 🔴Terra Luna Classic Price as LUNC Rallies 70% in 7 Days – $1 LUNC Possible?
Terra Luna Classic (LUNC) rose 13.5% to $0.0002135 in 24 hours, with a weekly gain of 70% and a monthly increase of 89%. Positive developments related to Do Kwon's extradition avoidance support further gains. Chart analysis predicts a correction before another rally, but overall growth is backed by indicators like the 30-day average surpassing the 200-day. Despite a potential short-term dip, LUNC is expected to rise in the medium term, driven by a bullish market and Bitcoin's recent performance, targeting $0.00030 in the coming months.
Additionally, Scotty the AI (SCOTTY), a new altcoin on Ethereum, combines meme marketing with an AI-powered trading platform. With $2.7 million raised in the presale, SCOTTY is presented as a high-return investment, available at a discount on the official website for $0.00755.
Terra Luna Classic (LUNC) rose 13.5% to $0.0002135 in 24 hours, with a weekly gain of 70% and a monthly increase of 89%. Positive developments related to Do Kwon's extradition avoidance support further gains. Chart analysis predicts a correction before another rally, but overall growth is backed by indicators like the 30-day average surpassing the 200-day. Despite a potential short-term dip, LUNC is expected to rise in the medium term, driven by a bullish market and Bitcoin's recent performance, targeting $0.00030 in the coming months.
Additionally, Scotty the AI (SCOTTY), a new altcoin on Ethereum, combines meme marketing with an AI-powered trading platform. With $2.7 million raised in the presale, SCOTTY is presented as a high-return investment, available at a discount on the official website for $0.00755.
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Terra Luna Classic Submits Revised Core Upgrade Proposal, LUNC Price to $0.0005 Next?
Developer Genuine Labs proposes a significant core upgrade (Proposal 12088) for Terra Luna Classic, focusing on security, functionality, and interoperability. Notable concerns about upgrading to Cosmos SDK 0.50.1 lead to the decision to upgrade first to Cosmos SDK 0.47.10, IBC go v7, and Wasmd 0.45.0. The estimated budget for the 8-week development is $30K. Discussions on IBC hooks & PFM introduction are ongoing.
In terms of price, LUNC exceeds $0.0002, with an 8% increase in the last 24 hours, trading at $0.0002005. To reach $1, LUNC needs to break major resistance at $0.0005 by September 2022. USTC remains stable at $0.03800, with a 25% weekly change, and volatile movements in the last 24 hours, trading at $0.03672, with a 24-hour high of $0.04512 and a 74% increase in trading volume.
Developer Genuine Labs proposes a significant core upgrade (Proposal 12088) for Terra Luna Classic, focusing on security, functionality, and interoperability. Notable concerns about upgrading to Cosmos SDK 0.50.1 lead to the decision to upgrade first to Cosmos SDK 0.47.10, IBC go v7, and Wasmd 0.45.0. The estimated budget for the 8-week development is $30K. Discussions on IBC hooks & PFM introduction are ongoing.
In terms of price, LUNC exceeds $0.0002, with an 8% increase in the last 24 hours, trading at $0.0002005. To reach $1, LUNC needs to break major resistance at $0.0005 by September 2022. USTC remains stable at $0.03800, with a 25% weekly change, and volatile movements in the last 24 hours, trading at $0.03672, with a 24-hour high of $0.04512 and a 74% increase in trading volume.
Terra LUNA Skyrockets 38% Amid Do Kwon’s Legal Victory
Terra, with a recent 38% surge, is in the spotlight due to legal developments involving founder Do Kwon. His recent legal victory in Montenegro's Appellate Court, overturning an extradition order, provides him temporary relief amid charges related to Terra's downfall. The retrial signifies a crucial moment in Kwon's legal battle, revealing complexities in extradition requests from the U.S. and South Korea, possibly influenced by political pressure. Despite the victory, Kwon's extradition remains uncertain, contributing to fluctuations in the Terra ecosystem. The recent surge in Terra's cryptocurrency value raises investor interest, but caution is advised due to potential overbought conditions and weakening bullish momentum.
Terra, with a recent 38% surge, is in the spotlight due to legal developments involving founder Do Kwon. His recent legal victory in Montenegro's Appellate Court, overturning an extradition order, provides him temporary relief amid charges related to Terra's downfall. The retrial signifies a crucial moment in Kwon's legal battle, revealing complexities in extradition requests from the U.S. and South Korea, possibly influenced by political pressure. Despite the victory, Kwon's extradition remains uncertain, contributing to fluctuations in the Terra ecosystem. The recent surge in Terra's cryptocurrency value raises investor interest, but caution is advised due to potential overbought conditions and weakening bullish momentum.
Coin exchange rate
$BTC 67366.153 USD (+1.48%) 🟢$LUNC 0.00019470 USD (+2.11%) 🟢$LUNA 1.154 USD (+6.76%) 🟢Terra Classic (LUNC) is currently stable between $0.0001846 and $0.0002, with an 83.5% increase to $0.0001945 despite a recent 2% dip following Bitcoin's drop. The community focuses on network improvements, and the short-term price aims to overcome the 20-day EMA resistance.
In a broader context, LUNC fluctuates within a 0.618 Fibonacci support and 0.382 Fibonacci barrier range. The RSI at 51 indicates neutrality, and a breakout from the $0.0001846-$0.0002 range is needed for a clear direction. Traders considering dips may use a dollar-cost average strategy. An RSI bullish crossover and breaking the ascending trendline with 20-day EMA support could signal short-term bullish momentum.
Despite a correction, LUNC holds above the 50-day EMA and the 200-day EMA. Efforts to reduce circulating supply and achieve a $1 target continue, supported by a token burn mechanism and ongoing community proposals.
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Terra Classic Proposes To Expand Support for Validators, Uplifting Chain Security
The Terra Luna Classic community is voting on a proposal (Parameter change proposal 12089) to reinstate a 5% commission for validators, aiming to prevent the exodus of small validators and enhance network security and decentralization. The proposal addresses financial struggles faced by validators and the potential risk of losing them during market fluctuations. Notable validators like PFC, TMOM, and Lux Blockchain have closed or are near closure, impacting staked LUNC. The proposal, currently at 81% in favor, aims to benefit delegates and reduce Sybil Attack risks. In the market, LUNC prices have dipped 3%, trading at $0.0001976, while USTC remains near $0.03670. Price consolidation is expected until planned March upgrades.
The Terra Luna Classic community is voting on a proposal (Parameter change proposal 12089) to reinstate a 5% commission for validators, aiming to prevent the exodus of small validators and enhance network security and decentralization. The proposal addresses financial struggles faced by validators and the potential risk of losing them during market fluctuations. Notable validators like PFC, TMOM, and Lux Blockchain have closed or are near closure, impacting staked LUNC. The proposal, currently at 81% in favor, aims to benefit delegates and reduce Sybil Attack risks. In the market, LUNC prices have dipped 3%, trading at $0.0001976, while USTC remains near $0.03670. Price consolidation is expected until planned March upgrades.
Coin exchange rate
$BTC 68530.208 USD (+1.73%) 🟢$LUNC 0.00019417 USD (-0.27%) 🔴$LUNA 1.146 USD (-0.75%) 🔴South Korea Coordinates With Interpol to Extradite Terra Founder Do Kwon
South Korean police have enlisted Interpol's help to extradite Terra co-founder Do Kwon from Montenegro to South Korea. Despite winning an extradition appeal in Montenegro against the United States, South Korea intensified efforts for his return. The National Police Agency is coordinating with Interpol for the extradition, seeking support through the Interpol National Central Secretariat of the Republic of Korea. Terra's token LUNA, not considered a security in South Korea, faces a different classification in the U.S., impacting extradition for fraud charges. The Montenegro court accepted Do Kwon's appeal, annulling the prior decision and preventing extradition to the U.S. The U.S. District Court is set for a trial adjournment on March 25, seeking Do Kwon's presence.
South Korean police have enlisted Interpol's help to extradite Terra co-founder Do Kwon from Montenegro to South Korea. Despite winning an extradition appeal in Montenegro against the United States, South Korea intensified efforts for his return. The National Police Agency is coordinating with Interpol for the extradition, seeking support through the Interpol National Central Secretariat of the Republic of Korea. Terra's token LUNA, not considered a security in South Korea, faces a different classification in the U.S., impacting extradition for fraud charges. The Montenegro court accepted Do Kwon's appeal, annulling the prior decision and preventing extradition to the U.S. The U.S. District Court is set for a trial adjournment on March 25, seeking Do Kwon's presence.
Terra Luna Classic’s Next Big Upgrade, Will Futures Back LUNC Price to $0.0005?
The Terra Luna Classic community is voting on the v2.4.2 upgrade proposal, featuring IBC-Hooks to onboard dApps. If approved, the upgrade will be implemented at block height 17309000 on March 25. Notable changes include the removal of the package-forward-middleware (PFM) and an increase in the minimum initial deposit. The proposal has received unanimous support from the 20 participating validators.
In the context of LUNC price movements, futures open interests have declined on major exchanges, but strong support on Binance for 1000LUNC suggests a potential upward movement. The current LUNC price is around $0.000196, slightly below the predicted $0.0002. There is speculation of a further increase to $0.0005 with ongoing crypto market bullishness. Additionally, USTC price has seen a 1% decrease, trading at $0.0361, with reduced trading volume indicating waning trader interest in the past 24 hours.
The Terra Luna Classic community is voting on the v2.4.2 upgrade proposal, featuring IBC-Hooks to onboard dApps. If approved, the upgrade will be implemented at block height 17309000 on March 25. Notable changes include the removal of the package-forward-middleware (PFM) and an increase in the minimum initial deposit. The proposal has received unanimous support from the 20 participating validators.
In the context of LUNC price movements, futures open interests have declined on major exchanges, but strong support on Binance for 1000LUNC suggests a potential upward movement. The current LUNC price is around $0.000196, slightly below the predicted $0.0002. There is speculation of a further increase to $0.0005 with ongoing crypto market bullishness. Additionally, USTC price has seen a 1% decrease, trading at $0.0361, with reduced trading volume indicating waning trader interest in the past 24 hours.