Los desarrolladores de Cosmos Stacks ayudan al resurgimiento de Terra Luna Classic (LUNC)

Genuine Labs, un grupo de desarrolladores con experiencia en pilas de Cosmos, ofreció una mano a la comunidad Terra Luna Classic, lo que potencialmente ayudará en la reactivación de LUNC y USTC. El equipo de desarrolladores descubrió una serie de problemas con Terra Classic y presentó una propuesta de votación para solucionarlos.

Timeline of Cosmos, Terra-luna

With many governance proposals related to updates, burn, staking, and others passed, some key Terra Luna Classic community members and validators believe it is imperative to bring back builders on the chain to revive LUNC and repeg USTC to $1. Tax2Gas — incorporating the tax into the gas and removing the need for separate handling

A popular Terra Luna Classic community member and validator VegasMorph has come up with a proposal to burn all 8 million TerraClassicUSD (USTC) in the community pool. The move comes amid the renewed narrative to burn 800 million USTC from Risk Harbor Multisig Wallet, which was also initially suggested by VegasMorph.

Since mid-November, Cosmos (ATOM) Cosmos has charted an upward course in its price trajectory. According to technical analysis in 4 Hours excerpt, bulls held firm on Cosmos, defending key supports at $6.50 – $7.00 and $8.20, propelling the cryptocurrency towards the $10 mark in late November.

The Terra Luna Classic community made a decision to reject a proposal suggesting the burning of 800 million TerraClassicUSD (USTC). Instead, the community is exploring alternative methods for a more effective and efficient fund burn.

The Terra Luna Classic community rejected a proposal to burn 800 million TerraClassicUSD (USTC) as they look for better ways to burn these. The community believes there are easy ways to burn funds from the Risk Harbor (formerly Ozone Protocol) multisig wallet without an update and any legal consequences.

Even with positive news within the LUNC community, bearish forces seem to have a strong grip on the market. CoinGlass reports that in the past 24 hours, a total of $222,000 worth of long positions were wiped out, despite the open interest remaining positive.

Back in August 2023, the Terra Classic community passed a proposal that would see 800 million USTC incinerated. This move came about as the community worked to help the token recover and be re-pegged back to the US dollar.

The Interchain Foundation (ICF), a non-profit organization dedicated to driving growth in the Cosmos ecosystem, has allocated $26.4 million to fund Interchain Stack development and adoption in 2024.

The cryptocurrencies backed by the Terra Classic ecosystem, LUNC and USTC, recently amassed noteworthy attention among crypto market fanatics as the tokens showcased significant upward market trajectories on Thursday. Moreover, the rise in prices comes amid the colossal burning of USTC, stirring speculations across the broader crypto market.

Terra Classic Price Prediction: The broader market recovery hits a minor road as Bitcoin takes a temporary halt at $44500. However, the LUNC price took a major hit at this uncertainty and witnessed a sharp correction from the $0.000028.