💥💥💥 #TerraLunaClassic Passes Major Proposal, $LUNC Price To Rally?
Terra Luna Classic Community Approves Key Proposal, Sparking Market Speculation
The Terra Luna Classic (LUNC) community has passed a significant proposal aimed at improving governance and stability, igniting discussions on its potential impact on LUNC’s price. The approved measure, led by BLV Labs, focuses on upgrading the governance module to address issues like the fluctuating 5 million LUNC deposit required for submitting proposals. To stabilize this, the proposal suggests using the Oracle module to maintain a consistent deposit value of $500, preventing spam and maintaining governance integrity.
With over 85% support, the proposal is expected to enhance the ecosystem and potentially boost LUNC’s price. At present, LUNC has seen a 1.03% rise to $0.00008741, with trading volume steady at $15.02 million. However, Futures Open Interest fell by over 3.5%, indicating mixed market sentiment.
#Binance’s ongoing LUNC burn has also improved market outlook, further suggesting the possibility of a price rally.
Additionally, #USTC gained 3%, and LUNA saw a 1% increase amid this positive news.
Source - coingape.com
