Terra Classic Utility, LUNC and USTC Leading Price Rise by $1?
Amidst the terra luna Classic community’s push for upgrade, burn, and staking developments, utility and cash flow are key requirements that some dedicated developer groups are working on. Validator VegasMorph claims that recent developments, including the launch of the Tritium Bridge, could benefit the chain.
Terra Luna Classic Focuses on Benefit
Terra Tritium announced the Tritium Bridge, a groundbreaking development designed to facilitate seamless connectivity between different blockchains. Tritium Bridge increases usability and encourages collaboration between blockchain communities. Once the bridge is established, users can easily transfer tokens between different blockchain networks, enabling cross-platform transactions and interactions.
The first bridge of the project, which serves the Terra Classic community, increases token transfers by connecting Terra Classic and Binance Smart Chain (BSC). Noting the developments, Terra Classic validator and popular member VegasMorph said, “That’s it. “It is now a portal that can bridge LUNC to BNB, and more than that, it can now bridge any cw20 token on the chain with their wrapped versions.”
The bridge enables bridging of 75 billion Wrapped LUNCs to the main network.
Additionally, TerraCVita announced that developers who want to create projects or list tokens through the Terraport Finance developer portal will receive help from a new team. The team also includes LBUN Project and former L1TF developer Fraguwerdig.
Also Read: Terra Luna Classic Announces Major Core Upgrades, LUNC and USTC Price Increases
Are LUNC and USTC Waiting for a Big Bang?
Amid the broader recovery in the crypto market with BTC price surging above $60,000, LUNC and USTC may face some resistance. Investors need to pay attention to signs of Bitcoin consolidation for altcoins to rise.
LUNC price is up 9% in the last 24 hours and 18% in a week and the price is currently trading at $0.000143. The 24-hour low and high are $0.000114 and $0.000155 respectively. Additionally, the trading volume increased by 330% in the last 24 hours, indicating great interest from investors.
USTC price also increased by 3% in 24 hours and 26% in a week. Price is currently trading $0.0367The 24-hour low and high are $0.0351 and $0.0387. Trading volume in the last 24 hours increased by 150%.
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Varinder has 10 years of experience in the Fintech industry and has been dedicated to blockchain, crypto and Web3 development for over 5 years. A tech enthusiast and analytical thinker, he has shared his knowledge of disruptive technologies in more than 5,000 news stories, articles, and articles. Varinder believes in the great potential of future innovative technologies with parofix Media. He currently covers the latest updates and developments in the crypto industry.
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