LUNC Price Analysis Plots a 10% Rise this Week, But There's a Catch

LUNC Price Analysis: Under the influence of a downsloping trendline, the LUNC price has witnessed an aggressive fall over the past three months. From the peak of $0.000208, this downfall tumbled the coin price 61.7% to hit the $0.00008 psychological support.

Timeline of Terra-luna

Terra Classic core developer Joint L1 Task Force (L1TF) submitted Proposal 11511 for governance voting to upgrade the Terra Classic network to v2.0.1. This is a major upgrade on the LUNC blockchain, along with Cosmwasm v1.1.0 upgrade (parity) on May 31 to allow projects and builders across Cosmos and Terra (LUNA) to build on the Terra

Terra Luna Classic (LUNC) started a bullish momentum four days after its testnet upgrade. The asset's Twitter community believes that the current price point might be the bottom for LUNC.

Recently, the Terra Classic ecosystem has been in the spotlight due to its developmental efforts, with the testnet upgrade to version 2.0.0 being the latest advancement. Contrary to general expectations, this recent improvement hasn't translated into the price of the Terra Luna Classic token (LUNC).

In a significant advancement for the Terra Classic blockchain, the L1 Joint Task Force (L1JTF) team has upgraded its testnet to version 2.0.0. The recent development may increase the price of LUNC, as network developments imply the presence of an active team.

Terra Classic (LUNC) developer group Joint L1 Task Force has successfully upgraded the rebel-2 testnet to v2.0.0 with Cosmos SDK v0.45. This is a major accomplishment for the Terra Classic community as core developers plan the Cosmwasm v1.1.0 upgrade (parity) on May 31 to allow projects and builders across Cosmos and Terra Luna 2.0 to

Terra Classic has made a significant move in the world of cryptocurrency with the passing of the LUNC Proposal 11487, and it's leaving many wondering: what does this mean for the future of LUNC prices? The proposal's successful passage signifies a positive step towards achieving Terra Classic's vision of a more decentralized and sustainable blockchain network.

The world's largest crypto exchange Binance on Monday burned 1.27 billion LUNC tokens in the 9th batch of the monthly LUNC burn mechanism. With the latest burn, the Terra Luna Classic community total LUNC burn has reached almost 55 billion.

LUNC News: What comes as a major surprise to many, the Terra Classic chain might just have its first very own Artificial Intelligence (AI) powered application chain. This comes after its key developer, Edward Kim, shared images of the whitepaper for the AI chain called Block Entropy on Saturday.

Terra Classic price is again in rounds as an attempt to stabilize its popular algorithmic stablecoin, USTC has surfaced. The recent proposal called the ‘Redlinedrifter' aims to revive the Terra ecosystem by restoring the USTC peg.

Almost 12 months back, terrausd (UST), an algorithmic stablecoin, suffered a detachment from the U.S. dollar, causing the Terra ecosystem to crumble shortly thereafter. At present, supporters of the Terra Classic blockchain community are deliberating on a plan to revive the ecosystem by re-establishing the once-stable token's peg with the U.S. dollar.