Terra Classic (LUNC), the original chain left behind after the Terra Luna\/UST collapse, has given a glimmer of hope to investors over the past few days.\u00a0LUNC went into an uptrend amid heightened market uncertainty and bearish investor sentiment.<\/p>\n
The token has registered impressive gains over the past few days, leaving one to wonder about the reason behind such improvement.\u00a0<\/p>\n
At the time of writing, LUNC price<\/a> has increased by 0.71% in the last 24 hours and 16.95% over the past seven days.<\/p>\n The increased activities on the Terra Classic network are seemingly one of the factors behind LUNC\u2019s recent price gains. Based on Coinmarketcap data, LUNC\u2019s market capitalization and trading volume have gained 17.75% above yesterday\u2019s value.\u00a0<\/p>\n Related Reading: ApeCoin Holders Suffer Financial Pain As 95% Endure Negative Returns<\/a><\/p>\n Although the price surge momentum has reduced slightly, LUNC remains among the top cryptos by trading volume.\u00a0LUNC\u2019s price increase has secured it a place among top cryptocurrencies in terms of trading volume.<\/p>\n The price surge followed after the LUNC Burn Army shared news<\/a> of the v2.1.0 upgrade proposal on June 3. The proposal\u2019s governance vote started on June 7, while the upgrade will go live on June 14.\u00a0This development generated a buzz in the LUNC community, attracting more attention to the LUNC token.\u00a0<\/p>\n The v2.1.0 upgrade is one of the biggest events in the Terra Classic community. It aims to bring LUNC to parity with other blockchains, including Terra 2.0 and Cosmos chains. This parity will allow developers and projects to resume building on the Terra Classic Chain.<\/p>\n The v2.1.0 upgrade adds new features and improvements to Terra Classic, including allowing a minimum of 5% commission for validators aimed at promoting fair compensation.\u00a0<\/p>\n Also, it comes with Cosmwasm and two other security updates touted to improve the ecosystem\u2019s security and reliability. Furthermore, the soon-coming upgrade will bring several notable changes to the Terra Classic ecosystem.\u00a0The WasmVM upgrade will introduce multi-chain interoperability, extending Terra Classic\u2019s capabilities.\u00a0<\/p>\n Community-focused Improvement Initiatives<\/p>\n Besides the v2.1.0 upgrade, several other community-backed initiatives are responsible for LUNC\u2019s recent price boosts and trading volume increase.\u00a0Among these is the token burn initiative, which enhances the network\u2019s utility.\u00a0<\/p>\n Furthermore, on June 6, the LUNC Burn Army introduced<\/a> the Bug Bounty Incentive Program to foster application functionality, enhanced security, and network resilience.\u00a0The Bug Bounty initiative aims to compensate ethical hackers, security researchers, and developers who identify and report security vulnerabilities.<\/p>\n Moreover, the recently introduced LUNC burn initiative<\/a> that saw over 1 billion LUNC<\/a> tokens wiped from circulation is among the factors boosting the token\u2019s price.\u00a0These improvement proposals have helped to increase investor interest in LUNC and are among the drivers of the current price surge.<\/p>","protected":false},"excerpt":{"rendered":" <\/p>\n Terra Classic (LUNC), the original chain left behind after the Terra Luna\/UST collapse, has given a glimmer of hope to investors over the past few days.\u00a0LUNC went into an uptrend amid heightened market uncertainty and bearish investor sentiment.<\/p>\n The token has registered impressive gains over the past few days, leaving one to wonder about the reason behind such improvement.\u00a0<\/p>\n At the time of writing, LUNC price<\/a> has increased by 0.71% in the last 24 hours and 16.95% over the past seven days.<\/p>\n The increased activities on the Terra Classic network are seemingly one of the factors behind LUNC\u2019s recent price gains. Based on Coinmarketcap data, LUNC\u2019s market capitalization and trading volume have gained 17.75% above yesterday\u2019s value.\u00a0<\/p>\n Related Reading: ApeCoin Holders Suffer Financial Pain As 95% Endure Negative Returns<\/a><\/p>\n Although the price surge momentum has reduced slightly, LUNC remains among the top cryptos by trading volume.\u00a0LUNC\u2019s price increase has secured it a place among top cryptocurrencies in terms of trading volume.<\/p>\n The price surge followed after the LUNC Burn Army shared news<\/a> of the v2.1.0 upgrade proposal on June 3. The proposal\u2019s governance vote started on June 7, while the upgrade will go live on June 14.\u00a0This development generated a buzz in the LUNC community, attracting more attention to the LUNC token.\u00a0<\/p>\n The v2.1.0 upgrade is one of the biggest events in the Terra Classic community. It aims to bring LUNC to parity with other blockchains, including Terra 2.0 and Cosmos chains. This parity will allow developers and projects to resume building on the Terra Classic Chain.<\/p>\n The v2.1.0 upgrade adds new features and improvements to Terra Classic, including allowing a minimum of 5% commission for validators aimed at promoting fair compensation.\u00a0<\/p>\n Also, it comes with Cosmwasm and two other security updates touted to improve the ecosystem\u2019s security and reliability. Furthermore, the soon-coming upgrade will bring several notable changes to the Terra Classic ecosystem.\u00a0The WasmVM upgrade will introduce multi-chain interoperability, extending Terra Classic\u2019s capabilities.\u00a0<\/p>\n Community-focused Improvement Initiatives<\/p>\n Besides the v2.1.0 upgrade, several other community-backed initiatives are responsible for LUNC\u2019s recent price boosts and trading volume increase.\u00a0Among these is the token burn initiative, which enhances the network\u2019s utility.\u00a0<\/p>\n Furthermore, on June 6, the LUNC Burn Army introduced<\/a> the Bug Bounty Incentive Program to foster application functionality, enhanced security, and network resilience.\u00a0The Bug Bounty initiative aims to compensate ethical hackers, security researchers, and developers who identify and report security vulnerabilities.<\/p>\n Moreover, the recently introduced LUNC burn initiative<\/a> that saw over 1 billion LUNC<\/a> tokens wiped from circulation is among the factors boosting the token\u2019s price.\u00a0These improvement proposals have helped to increase investor interest in LUNC and are among the drivers of the current price surge.<\/p>\n <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[82],"tags":[],"class_list":["post-25242","post","type-post","status-publish","format-standard","hentry","category-blockchain"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/25242","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/comments?post=25242"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/25242\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=25242"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=25242"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=25242"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}High Buying Pressure Pushes LUNC Price Amid Bearish Sentiments<\/h2>\n
Other Notable Factors Behind LUNC Price Gains<\/h2>\n
High Buying Pressure Pushes LUNC Price Amid Bearish Sentiments<\/h2>\n
Other Notable Factors Behind LUNC Price Gains<\/h2>\n