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Altcoin News

Terra Luna Classic Upgrade Drives LUNC Price Up by 7%

The rebel-2 upgrade introduces SDK v0.47 and wasmd v0.45, aiming to improve network operations.

Written By:
Ronak Kumar

Last updated: May 3, 2024 6:31 PM
Published May 3, 2024 10:29 AM
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Last updated: May 3, 2024 6:31 PM
Published May 3, 2024 10:29 AM
Terra Luna Classic Upgrade Drives LUNC Price Up by 7%

A public blockchain protocol, the Terra Luna Classic network, completed a crucial upgrade, lifting LUNC’s price by 7% and enhancing system efficiency and performance. This upgrade, dubbed rebel-2, introduces key elements like SDK v0.47 and wasmd v0.45, aimed at improving network operations.

Terra Luna Classic Upgrade Boost LUNC Price Up by 7%
Bitcoin (BTC) Price Chart | Source: CoinMarketCap

Developer Fragwuerdig stated that the upgrade, including minor fixes by StrathCole, was seamless. Post-upgrade, there’s a higher demand for RAM, anticipating the upcoming mainnet upgrade to bolster network scalability.

The successful upgrade sparked a 7% surge in Terra Luna Classic’s (LUNC) price, now trading at $0.0001035, with a market cap of $582,245,216, reflecting investor trust in LUNC and Terra Luna Classic’s development.

Looking ahead, Terra Luna Classic eyes an 800 million USTC burn and continues testing with Mantlemint for enhanced capabilities. Binance’s support, including a burn of 1.4 billion LUNC tokens, underlines industry backing for Terra Luna Classic’s growth.

Investors show confidence in Terra Luna Classic’s growth potential due to its successful upgrade and ongoing developments, including the planned USTC burn and testing with Mantlemint for enhanced capabilities.

Also Read: Terra Luna Classic Rejects Paid Dev Team Proposal

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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Ronak Kumar- Crypto Journalist at The Crypto Times
By Ronak Kumar
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Ronak Kumar is a Crypto Journalist with over 3 years of experience covering blockchain, AI, finance, and emerging digital trends. With a background in Commerce (B.Com) and a Postgraduate Diploma in Management (PGDM), he combines business insight with a clear understanding of the evolving crypto space. His reporting has been featured in major publications, with his work cited by NDTV, Hindustan Times, and Outlook India on topics like Trump Memecoin, Bhutan’s crypto mining, and Barron Trump’s digital presence.

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