The Terra Luna Classic community is buzzing with activity as it gears up for a series of significant developments. A key focus is Proposal 12147, which aims to update LUNC and USTC listings on CoinMarketCap. This proposal has garnered substantial support from the community, with 215 delegators and 30 validators voting in favor.
The v3.3.0 Upgrade: A Catalyst for Growth
The upcoming v3.3.0 upgrade, scheduled for December 17th, is another major milestone for the Terra Luna Classic ecosystem. This upgrade is designed to streamline tax handling, enhance security, and reduce development barriers for dApps. By simplifying the development process, the upgrade is expected to attract more projects to the Terra Luna Classic chain, potentially boosting its overall value.
Price Analysis: A Bearish Trend for LUNC and USTC
While the community is optimistic about the future of Terra Luna Classic, the current market sentiment is bearish. LUNC is trading at $0.0001319, down 0.16% in the past 24 hours. The declining trading volume suggests waning investor interest. However, analysts predict a potential rally for LUNC, similar to XRP’s recent surge, especially if it breaks the $0.00018 resistance level. Some analysts even estimate a $0.0005 target for LUNC.
TerraClassicUSD (USTC) has also experienced a slight price decline of 0.89% in the past 24 hours, trading at $0.02424. The decrease in trading volume indicates reduced investor interest.
Community Engagement and Token Burns
The Terra Luna Classic community’s active participation in governance proposals and token burns has further fueled optimism. A recent token burn of over 3.1 billion LUNC has caught the attention of investors, potentially driving further price gains before the end of the year.
As the Terra Luna Classic ecosystem continues to evolve, the community’s support, coupled with technological advancements and strategic initiatives, will play a crucial role in shaping its future.
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.
Also Read: Can Terra Luna Classic (LUNC) Price Ever Reach $1? Here’s What You Need to Know
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