Unveiled: Terra Classic's Epic Upgrade & Token Soars 30% in a Day

Unveiled Terra Classic's Epic Upgrade & Token Soars 30% in a Day
The Terra Classic core developer group, known as Joint L1 Task Force (L1TF), has recently unveiled the highly anticipated v2.1.0 upgrade proposal on Commonwealth for open discussion and review. This marks a significant step forward in the development process, inviting active participation and feedback from the community.
Marking a pivotal moment for the Terra Classic community, this upgrade stands as one of the most significant advancements since taking control of the blockchain following the Terra-LUNA crisis in May of the previous year. Witness the transformative power of progress firsthand.

https://twitter.com/luncburnarmy/status/1664824269216309248


LuncBurnArmy, the esteemed project manager of Joint L1 Task Force (L1TF), has just made a thrilling announcement on Twitter. Brace yourself for the release of the v2.1.0 upgrade proposal on the Commonwealth portal, igniting excitement and anticipation within the Terra Classic community. Circle June 7 on your calendar for the voting process, followed by the highly-anticipated implementation on June 14. 


Source: Tradingview 


Shortly after the announcement, Terra Classic's very own native token, LUNC, embarked on a remarkable rally on June 4. In a single day, it soared by an impressive 30%, surging from $0.0000844 to $0.000115. This surge gained momentum as LUNC surpassed the 50-day Exponential Moving Average (EMA) at $0.0000975 and triumphantly reached the 100-day EMA at $0.0001147. 


After a breathtaking price pump, LUNC is currently undergoing a retracement, with the current trading price standing at $0.0001147, experiencing a notable 15.6% plunge at press time. However, the short-term rally has attracted fervent buyer activity, as evidenced by a remarkable surge in trading volume of over 89% to reach a staggering $375.7 million within the past 24 hours.

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This information is for educational purposes only and does not constitute investment advice. No person should rely on it to make any investment. Investing carries risks, including the loss of capital. All opinions expressed are subject to change without notice. Past performance is not indicative of future results. Always seek the advice of a licensed investment professional before making any investment.