The Terra Classic community has taken a significant step towards enhancing its ecosystem’s visibility and management. In a recent governance proposal, the community voted to transfer CoinMarketCap dashboard access directly to Allnodes, a top validator in the network.
This move comes after repeated attempts to secure access from Terraform Labs, the embattled company behind the original Terra project. Despite numerous requests, TFL failed to respond or take any action. Allnodes, recognizing the importance of maintaining accurate and up-to-date information on CoinMarketCap, stepped up to assume this responsibility.
LUNC and USTC Price Surge
The positive developments within the Terra Classic community have had a direct impact on the prices of LUNC and USTC. In the past 24 hours, LUNC has surged by 4%, trading at $0.0001024. Analysts predict that LUNC could see a significant 480% price increase in the near future, driven by the ongoing burn mechanism.
USTC has also experienced a notable 5% price increase, currently trading at $0.02269. However, trading volume has declined by 32% in the past 24 hours.
A Bullish Outlook
The community’s decision to empower Allnodes is a positive step towards the long-term health and growth of the Terra Classic ecosystem. With increased transparency and efficient management, the network is well-positioned to attract new users and investors.
As the burn mechanism continues to reduce the circulating supply of LUNC, the potential for significant price appreciation remains high. However, it’s important to remember that the cryptocurrency market is highly volatile, and prices can fluctuate rapidly.
Investors should conduct thorough research and consider consulting with financial advisors before making any investment decisions.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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