Crypto whales buying LUNC for v2.1.0 parity upgrade, causing a 6% increase in Terra Classic price.

The price of LUNC has increased by over 6% following news that the v2.1.0 upgrade proposal is up for discussion, as tweeted by the @LUNCBurnArmy account.

The 24-hour trading volume of Terra Classic has increased by approximately 300%, but the price of LUNC still has a long way to go to reach its September 2022 high of $0.00059.

Terra Classic v2.1.0 Upgrade

The latest release from LUNC Burn Army is the third major upgrade to the Terra Classic blockchain, which is set to take place on June 14th at approximately 17:20 UTC.

It includes a minimum 5% commission for validators, Cosmwasm v1.1.x, and two security updates.

You can read the full text of the LUNC v2.1.0 upgrade proposal on commonwealth.im.

LUNC Price Prediction

Currently priced at $0.00009, the Terra Classic price has dropped by 86% from its peak.

A 655% increase would be required to reach its 2022 highs.

With a fully diluted market cap of over $600 million and the LUNC supply not having been burnt significantly (still around 5.85 trillion), similar to the Terra LUNA crash that inflated the former Terra coin’s circulating supply, achieving this may be difficult.

In a Terra Classic price prediction post last year, two expert crypto analysts, Light (@lightcrypto) and GCR (@GiganticRebirth and @GCRClassic), had predicted that the bull run could be over for the LUNC price.

You can read that LUNC price prediction post here. Since then, the Terra Classic price has dropped by a further 75%.

For more recent technical analysis, you can see our June Terra Classic price prediction article.

LUNC Alternatives

We have reviewed many lower market cap and newer cryptocurrency assets here on blockchain, some at the presale stage and others recently listed on exchanges.

In total, we have picked out 21 new crypto coins with high growth potential for 2023 and heading into 2024, including a mix of meme coins and utility tokens.

We will continue to update Phone&Auto; if you have any questions or suggestions, please contact us!

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