Terra Luna Classic Community Passes Key Proposal, LUNC Eyes $0.0003
The Terra Luna Classic (LUNC) community has passed a crucial proposal aimed at fixing a previous upgrade error, sparking optimism for a price rally. Following a 17% increase in the LUNC price last week, there's renewed hope for further gains, with some analysts predicting a potential rise to $0.0003.
Proposal Details
The proposal, identified as Proposal 12133, addresses an issue from a prior SDK upgrade that inadvertently reduced the number of validators allowed on the network. The new proposal seeks to restore the maximum number of validators to 110, ensuring network stability.
The proposal, submitted on September 13, has garnered significant support with 63.81% of votes in favor. Voting will close in two days.
Market Reactions and Future Outlook
Despite a 1% increase in LUNC's price today, the cryptocurrency is trading at $0.00008175, showing a slump in trading volume by 38% to $11.36 million. However, recent price analysis suggests a potential rally to $0.0003, contingent on breaking certain resistance levels.
Other recent developments, such as the Tax2Gas upgrade and ongoing security improvements, have also bolstered community sentiment, contributing to the bullish outlook for LUNC.
Current LUNA Price
LUNA is currently priced at $0.3819, with a 24-hour high of $0.3832 and a low of $0.3684. Trading volume for LUNA has decreased by 32% to $27.66 million.
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