Terra Classic Announces Major Upgrades, LUNC Price To Hit $1?

Terra Classic (LUNC) developer group Joint L1 Task Force on Saturday revealed the Q2 roadmap and target dates for network upgrades, governance proposals, and others. The developer group is targeting the Cosmwasm v1.1.0 upgrade (parity) in May to allow projects and builders across Cosmos and Terra Luna 2.0 to once again build on the Terra Classic chain.

This will be a major boost for the community’s plan related to LUNC and USTC revival. The community looks for a short-term target of $0.0005 and a long-term target of $1.

Terra Classic Network To Undergo Major Upgrades

After core developers professor Edward Kim and Tobias “Zaradar” Anderson left the Joint L1 Task Force developer group, the community speculates whether the new developer team can pull off the responsibilities of Terra Classic and meet targets.

Joint L1 Task Force project manager LuncBurnArmy in a medium post on April 29 revealed the updated timeline for the Q2 roadmap and milestones.

The developer team targets the v2.0.0 mainnet network upgrade on May 17. A proposal will be published on agora for voting to complete the upgrade on time. While only a few validators have agreed to join the testnet, the developer team plans to conduct the Cosmos SDK upgrade and Tendermint upgrade the Rebel-2 testnet.

Key Q2 deliverables for Q2 include Cosmos SDK v0.45.11, Tendermint v0.34.24, Cosmwasm 1.1.0 (Parity), IBC to Kujira, Cross-chain liquidity assessment, and Tendermint to Comet BFT Assessment. The developments will be finished within the budget and surplus funds will be returned to the community pool at the end of the quarter.

The Cosmwasm 1.1.0 Parity upgrade is targeted on May 31. It will bring back utility to the Terra Classic network by allowing projects and builders across Cosmos and Terra Luna 2.0 to once again build on the Terra Classic chain.

“Due to the Senior Cosmos developer starting ~2 weeks into the quarter, as well as Superman not returning until the same time, we should be positioned to finish the quarter under budget.”

Also Read: Crypto Exchanges Lined Up For Shiba Inu’s BONE Listing After OKX, Huobi

LUNC and USTC Price To Hit $1?

LUNC price is up 2% in the last 24 hours, with the price currently trading at $0.000111. Meanwhile, USTC jumped 10% in the last 24 hours to $0.0213.

The latest upside momentum came as the Terra Classic community votes on a proposal to repeg USTC stablecoin to $1. However, major validators have opposed the proposal due to terms for the repeg.

The community needs to work continuously for many months in order to revive LUNC and USTC to $1. The developments are still in the early phase as per the Terra Classic Revival Roadmap.

Also Read: Bitcoin Price To Hit $35000 As First Republic Starts Second Wave Of Banking Crisis

Recommended
Price Analysis

Best Crypto Presales To Invest In September 2025 – Top Upcoming Presale Tokens

Best Crypto AI Trading Bots In 2025

Top Meme Coins To Buy In September 2025

Varinder Singh

Varinder has over 10 years of experience and is known as a seasoned leader for his involvement in the fintech sector. With over 5 years dedicated to blockchain, crypto, and Web3 developments, he has experienced two Bitcoin halving events making him key opinion leader in the space. At CoinGape Media, Varinder leads the editorial decisions, spearheading the news team to cover latest updates, markets trends and developments within the crypto industry. The company was recognized as Best Crypto Media Company 2024 for high impact and quality reporting. Being a Master of Technology degree holder, analytics thinker, technology enthusiast, Varinder has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers.

Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.