- The security upgrade in Terra Luna Classic seeks to counter risks and improve the stability of the blockchain.
- The announcement prompted a 5% increase in the price of LUNC and a 12% increase in USTC, indicating commercial interest.
Vinh Nguyen, leader of Terra Luna Classic’s L1TF development team, today announced a security update to address concerns and improve stability. The community had expressed concerns about legacy features.
The update to core components seeks to counter security risks and improve the stability of Terra Luna Classic. Nguyen is confident in the team’s expertise to deliver exceptional service.
This upgrade package will include adjustments to Wasm, Cosmos SDK, Comet BFT, IBC-GO and Mainnet. The team, consisting of Vinh Nguyen, Inon Man and Frag, aims to complete the upgrade in 11 weeks, with a budget of $51,000.
LUNC and USTC Pricing Increase
The announcement generated a positive response in the markets, especially for LUNC and USTC. In the last 24 hours, the price of LUNC increased 5% to $0.000125. Trading volume increased by 65%, indicating increased interest among traders.
USTC also experienced a 230% increase in trading volume. The current price is $0.029, up 6.89% in the last 24 hours. These movements suggest adjustments in traders’ strategies.
Future of Terra Luna Classic
The community awaits the results of the update, which promises to improve the functionality and stability of Terra Luna Classic. These advances could mark a milestone in the evolution of the platform.
With this step, Terra Luna Classic demonstrates its commitment to continuous improvement and adaptation to the crypto ecosystem. Investors and enthusiasts look forward to future developments in this journey of progress.
In one week, LUNC has experienced a decline of approximately 4.39%. This decline is also reflected over the course of a month, reaching around 33.55%. Looking back over a three-month period.
Terra Classic’s price analysis on the daily (1-D) time frame reinforces the bearish outlook. The price action suggests that investors and traders alike are showing a predominantly negative stance on LUNC crypto in this period.
Supported by the close technical examination of its key oscillators. The investor and trader community should remain on alert for potential swings in the market, as these have the potential to exert a marked influence on LUNC’s upcoming trajectory.
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