Will Terra Luna Classic’s Next Major Upgrade Futures Send LUNC Price Back to $0.0005?

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Will terra luna Classic’s Next Major Upgrade Futures Send LUNC Price Back to $0.0005?



The Terra Luna Classic community has begun voting on the blockchain’s next major update after last year’s major parity upgrade. Terra Classic v2.4.2 upgrade will primarily enable the addition of dApps in Terra Luna Classic and mostly introduce IBC-Hooks along with the Enterprise DAO.

Terra Luna Classic Ratings v2.4.2 Upgrade Offer


Software upgrade offerUpgrade V2.4.2” is currently live for voting, validators, and community approval on the Station wallet to update the Terrad client to v2.4.2 (upgrade name v7). If the offer is accepted, the Terra Luna Classic chain will be realized. block height 17309000expected date 14:00 UTC Open March 25. Voting on the proposal will end on March 15.


Since every proposal must go through a week-long discussion period before being voted on, few changes occur after a discussion in the community. The most significant changes are the removal of the packet forward middleware (PFM) from the mainnet version and the addition of a minimum initial deposit.

Other details about the offer are as previously reported by parofix. Thus, the base Terra Classic upgrade will have the following improvements:

• Introducing IBC Hooks (by Original Laboratories and Fragwuerdig)
• E2E and Cross-Chain Testing Suite (by Original Labs)
• A fix for handling MsgExec in the Tax Ante Handler (by Fragwuerdig)
• Introducing IBC Hooks (by Original Laboratories and Fragwuerdig)
• Add tests for MsgExec handling by StrathCole
• Fix minimum initial deposit with Frag and StrathCole

So far, the proposal has received overwhelming support, with 100 percent “Yes” votes. All 20 approvers who have yet taken part in the vote are in favor of the proposal.



Read more: Terra Classic Proposes to Increase Chain Security by Expanding Support for Validators

LUNC Price $0.0005?


LUNC futures open interest has fallen on major derivatives exchanges, but the 1000LUNC OI on Binance continues to provide support to the upside move. Still, as parofix predicted, LUNC price reached $0.0002. The crypto bull market may further support the rise towards $0.0005.


LUNC price continues to approach $0.0002. Terra Luna Classic price is traded $0.000196, with The 24-hour low and high are $0.000188 and $0.000198 respectively. Additionally, transaction volume dropped by another 25% in the last 24 hours.


Meanwhile, USTC price is down 1% in the last 24 hours and the price is currently trading at $0.0361. The 24-hour low and high are $0.0358 and $0.0369 respectively. USTC trading volume has also fallen by 18% in the last 24 hours, indicating waning interest among traders.

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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.





The content presented may contain the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. Neither the author nor the publication accepts any liability for your personal financial loss.

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