LUNC expected to cost $1 when Terra Classic releases update with components for massive growth
The Terra Classic (LUNC) token has recently increased in price due to important ecosystem developments, including the successful implementation of the Terra Classic v2.4.2 upgrade, introducing IBC-Hooks. These upgrades enable the inclusion of decentralized applications (dApps) on the Terra Classic chain, potentially driving network activity and user adoption.
The#TerraClassicdev team is currently focused on the Security Pack upgrade, expected to be completed in 8 weeks, promising enhanced security, functionality and interoperability. Increased development activity has fueled the recent price increase of $LUNC and its stablecoin #USTC.
The #LUNC🔥 burning initiative has attracted significant participation, with over 105.16 billion tokens burned, led by exchanges such as Binance. New ventures and exchanges are joining the mitigation initiative.
