Terra Classic Price Up 6% - Crypto Whales Buying LUNC For v2.1.0 Parity Upgrade?
The LUNC price has spiked over 6% on news of the v2.1.0 upgrade proposal being up for discussion, tweeted out by the @LUNCBurnArmy account.
The Terra Classic 24 hour trading volume is up approximately 300%, however the LUNC price has a long way to go to recover its September 2022 high of $0.00059.
Terra Classic v2.1.0 Upgrade
The latest release from LUNC Burn Army is the third major upgrade to the Terra Classic blockchain, set to take place June 14th at approximately 17:20 UTC.
It includes a minimum 5% commission for validators, Cosmwasm v1.1.x, and two security updates.
Read the full text of the LUNC v2.1.0 upgrade proposal on commonwealth.im.
LUNC Price Prediction
Today priced at $0.00009, the Terra Classic price is down 86% from its top.
A move back to its 2022 highs would require a 655% increase.
With its fully diluted market cap still over $600 million, and the LUNC supply not having been burnt in any significant way - still around 5.85 trillion, not much less than following the Terra LUNA crash which inflated the former Terra coin's circulating supply - that might be hard to achieve.
Last year in a Terra Classic price prediction post we noted that two expert crypto analysts had predicted that the bull run could be over for the LUNC price - Light (@lightcrypto) and GCR (@GiganticRebirth and @GCRClassic).
Read that LUNC price prediction post here. Since then the Terra Classic price dropped a further 75%.
For more recent technical analysis, see our June Terra Classic price prediction article.
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In total we've picked out 21 new crypto coins with high growth potential for 2023 and heading into 2024, including a mix of meme coins and utility tokens.