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Exciting Changes Coming to LUNC with Terra Classic Upgrade Proposal

LUNC’s price has experienced an increase in value since the release of an upgrade proposal for the Terra Luna network. Despite a drop since the initial rise, some predict that the bullish case for LUNC will remain, which may see its price surpass $0.00015 again.

Upgrade Proposal Brings Enthusiasm to the Community

The Terra Luna (LUNC) network published a proposal for an upgrade on May 3, incorporating advancements outlined by the LuncBurnArmy in the v2.1.0 upgrade proposal. The proposal brings exciting changes to the network, including a minimum 5% commission for all validators and network security updates to guarantee greater protection.

This marks the third substantial upgrade to the Terra Classic network, scheduled to happen on block 13,219,970 at 17:21 UTC on June 14. However, the block may change as the date draws nearer.

A Promising Outlook for LUNC as Prices Rise

Upon the release of the upgrade proposal, LUNC’s price climbed from $0.00008 to a peak of $0.00011 on the same day. Although bears disrupted the rise of the altcoin, it still carries the potential for an upswing in value in the future.

LUNC price surges following upgrade proposal | Source: LUNCUSDT on TradingView.com

An increase in investor sentiment is expected within the LUNC community leading up to the upgrade. This may drive more rallies, and if the bulls maintain control, there is a possibility that LUNC could pass the $0.00015 mark in the short term.

Should bears take charge and pull the price below the $0.00009 support, negative sentiment could emerge, and the cryptocurrency may return to its $0.00008 value. At present, LUNC’s trading value sits at $0.00009842, reflecting an increase of 12% over the past seven days.

Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet… Featured image from Finbold, chart from TradingView.com