#BTC

Can LUNC price reach $ 1 after latest Terra Luna Classic v2.4.2 update?

LUNC price is up more than 30% in a week, driven by key developments on the#TerraLunaClassicchain. The success of the update to version 2.4.2, which allows onboarding the dApp with IBC-Hooks, and the return of Terra co-founder#DoKwonhave fueled investor optimism. Additionally, over 105 billion $LUNC tokens were burned, with Binance accounting for over 50% of the total burned. Despite a decline in the rate of consumption, increased wallet holders and community initiatives signal an increase in demand. With open interest on#LUNCfutures. up 10%, optimism prevails for a potential price rise to $0.0002 in the near term, although reaching $1 this year remains challenging.