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🌖 Terra Luna Classic’s $1 Dream: Is Chain Upgrade the Catalyst?
The #TerraLunaClassic community recently celebrated a successful upgrade to its blockchain, known as Layer-1 chain v2.4.2, as per governance proposal #12090. This upgrade, implemented at block height 17309000 on March 25, included important features like IBC-Hooks for smoother integration of new decentralized applications (dApps), such as Enterprise DAO. Genuine Labs, the developer team, ensured a smooth transition during the hard fork, receiving praise from the community.
The upgrade has instilled optimism among Terra Classic's members, with increased security measures and a rise in $LUNC holders to 5.52 million. The community has burned 105 billion LUNC tokens, leaving 5.8T #TerraClassic tokens in circulation. Despite ranking 124 in the market, a recent 35% surge has revived hope for its revitalization plan aiming for $1 per #LUNC. , though still distant from its all-time high of $119 in April 2022.
