Rally To Drag On With More Proposals

Terra Classic LUNC News: The Terra Classic (LUNC) price pump came as a relief to the crypto market at a time when other coins are stagnant. This pump at the end of the year 2022 leaves traders with optimism around future prospects. This comes after the recent crypto crash due to FTX bankruptcy and the subsequent liquidation crisis. Meanwhile, influencers credit the Terra community support for the good activity in terms of governance and proposals.

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LUNC Price Rally With More Proposals?

Thanks to the community participation, the Terra Classic community has passed the ‘Proposal 11111’. It is aimed at repealing Proposal 10983, which increased funding for the community pool with 50% of the 0.2% burn tax instead of 10% for on-chain development. Meanwhile, influencer Classy said the huge number of people supporting LUNC is adding to the number of proposals. He added,

“The one thing we do have is the sufficient amount of people to think of good ideas to further the Terra Luna Classic blockchain which is one of the big reasons you are seeing so many proposals come up.”

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Terra Classic In 2023

The Terra Classic (LUNC) price has been on a steady upward curve in recent hours. As of writing, the LUNC price stands at $0.0001817, up 16.52% in the last 24 hours, according to price tracking platform. Meanwhile, Terra Classic core developer Edward Kim revealed the LUNC project objective for the next three months in a latest community update. He said obtaining stability for the chain will be the primary goal for the first quarter of 2023.

“The goal is to primarily to stabilize the chain, and achieve parity with Luna v2. The final leg of Q1 will be to explore solutions to get listed on TFLs interchain wallet.”

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Anvesh reports major developments around crypto adoption and trading opportunities. Having been associated with the industry since 2016, he is now a strong advocate of decentralized technologies. Anvesh is currently based in India. Follow Anvesh on Twitter at @AnveshReddyBTC and reach him out at [email protected]

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.