This is not financial advice.!!!
Lets talk a bit about $LUNC
Will LUNC price reach $1? (maybe that can happen BUT will take several years).
There are several changes after a discussion in the community as every proposal before voting has to undergo a discussion period of a week. The major changes are package-forward-middleware (PFM) removed from mainnet release and minimum initial deposit addition.
Other details on the proposal are as reported earlier by CoinGape. Thus, the key Terra Classic upgrade will have the following developments:
Introduction of IBC-Hooks (by Genuine Labs and Fragwuerdig)
E2E and Interchain Testing Suite (by Genuine Labs)
A fix regarding the processing of MsgExec in Tax Ante Handler (by Fragwuerdig)
Introduction of IBC-Hooks (by Genuine Labs and Fragwuerdig)
Add tests for MsgExec handling by StrathCole
Fix minimum initial deposit handler by Frag and StrathCole
Until now, the proposal has received major support with 100% âYesâ votes. All 20 validators who have participated in the voting yet are in favor of the proposal.
Personal opinion (not a financial advice)
With all this, honestly, I don't recommend invest in LUNC If you will try to be careful and invest small amount and sell when you get some profit. Even with the massive burned-out price of LUNC still is the same from november-december of 2023.
If you bought LUNC higher price I suggest you wait with patience and sell when you get back what you invested. #BTC halving is coming, and price may go up.
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