Binance Supports Terra Classic's Network Upgrade.
Binance has said that it will back Terra Classic's network upgrade. It is anticipated that the scheduled update will occur on November 20 at 12:00 PM UTC, or at block height 15,493,370.
On November 20, starting at 11:00 AM UTC, Binance will halt deposits and withdrawals on the Terra Classic network one hour before to the network update. Following the network update, deposits and withdrawals for Terra Classic will be allowed again as soon as it is determined that there are no problems.
The Terra Classic network update won't have an impact on LUNC trading. Withdrawals and deposits won't be impacted by the update for a short while. Binance will see to it that all technical needs for the network upgrading of Terra Classic are satisfied for its customers.
CoinMarketCap, a cryptocurrency statistics and pricing portal, reports that LUNC is now trading at $0.00008383, up 4.03% over the previous day. Over the same time frame, the altcoin's trading volume grew by a meager 2.22 percent to $39.7 million. According to the statistics, LUNC grew by 44.22% over the last 30 days and 18.47% during the previous 7 days.
