The developers of Terra Luna Classic have announced a pivotal upgrade to version 2.4.0, setting the stage for enhanced security measures and the introduction of key features. This strategic development has sent ripples through the Terra Luna Classic community, with the potential to propel the Classic ecosystem tokens, LUNC and USTC, to unprecedented price levels.
The journey to this major upgrade began with the successful implementation of Testnet rebel-2, which seamlessly transitioned to the new release candidate of v2.4.0 for the terrad client. The move aligns with recent community-driven proposals and a compelling development narrative.
Terra Luna Classic Major Upgrade
Renowned LUNC developer Till “fragwuerdig” Ziegler has spearheaded the proposal for the Terra Classic v2.4.0 upgrade, emphasizing heightened security measures and the integration of pivotal features, as suggested by Genuine Labs. The core upgrade includes the release of a revamped “terrad” client by L1 developers.
Key changes proposed in the upgrade encompass:
- Introduction of IBC-Hooks and Package-Forward-Middleware (PFM): Developed collaboratively by Genuine Labs and Fragwuerdig, IBC-Hooks facilitates the onboarding of dApps, with a particular focus on Enterprise DAO. This feature, powered by Terra Money, streamlines the creation, management, and growth of DAOs within Cosmos.
- E2E and Interchain Testing Suite: Genuine Labs introduces an End-to-End (E2E) and Interchain Testing Suite, underscoring the commitment to thorough testing and quality assurance.
- Fix for Processing of MsgExec in Tax Ante Handler: Fragwuerdig addresses a critical issue concerning the processing of MsgExec in Tax Ante Handler, ensuring a seamless user experience.
If the proposal gains approval from validators and the community, the Terra Luna Classic chain is poised to pause at block height 17309500, scheduled for 14:00 UTC on March 25.
Also Read: LUNC Soars 30% in a Month, Can it Break Above $0.00013 Resistance?
LUNC and USTC Rally Towards $1 Amid Development Focus
In tandem with the community’s renewed focus on development activities and transformative upgrades, LUNC and USTC prices are witnessing a surge, shattering resistance levels. To achieve the coveted $1 milestone, LUNC must overcome significant resistance at $0.0005, a target set since September 2022.
In the last 24 hours alone, LUNC prices have surged by an impressive 30%, extending the monthly rally to an impressive 82%. Currently trading at $0.000181, the token’s 24-hour high and low stand at $0.00014 and $0.000185, respectively. The heightened trading volume, witnessing a remarkable 180% increase, reflects a burgeoning interest among traders. Investors eagerly anticipate LUNC breaching the $0.0002 resistance level in the near future.
Simultaneously, USTC prices have experienced a 12% surge in the last 24 hours, reaching $0.0374. With the community forging ahead with the idle USTC burn, amounting to over 800 million USTC and valued at over $32 million, the rally is poised to sustain its momentum.
As Terra Luna Classic pioneers a new era with its v2.4.0 upgrade, the symbiotic relationship between technological advancements and financial growth sets the stage for an exciting chapter in the cryptocurrency realm. Investors and enthusiasts alike eagerly await the unfolding narrative of Terra Luna Classic’s journey to new heights.
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