Terra Luna Classic (LUNC) and TerraClassicUSD (USTC) holders rejoice! Both tokens are experiencing a significant price surge, following the news of Do Kwon's release by the Montenegro Supreme Court. While Terraform Labs is no longer directly involved with Terra Classic, this development, coupled with upcoming upgrades, paints a promising picture for the ecosystem.
Here's what's fueling the LUNC and USTC rally:
Price Increase: LUNC jumped an impressive 20% in 24 hours, with USTC rising by 12%. This positive momentum indicates renewed investor confidence in the project's future.
Increased Trading Activity: The price surge was accompanied by a significant rise in trading volume for both tokens, reflecting a vibrant market with potential for further growth.
Major Upgrade on the Horizon: The Terra Luna Classic chain is set for a v2.4.2 upgrade next week, focusing on enabling dApp (decentralized application) integration, potentially attracting new projects and users.
Enhanced Security and Functionality: The upgrade, along with additional developments planned by Genuine Labs, will focus on improving the security, functionality, and interoperability of the Terra Classic ecosystem.
Growing Developer Interest: The planned upgrades and rising number of wallets holding LUNC suggest a growing interest from developers and projects looking to build on Terra Classic.
Disclaimer: This information is for educational purposes only and should not be considered financial advice. Always do your own research before making any investment decisions.
