Will The LUNC Price Surge as Terra Classic Prepares for Major Upgrade On August 15?

Terra Classic is in the spotlight as it prepares for a significant network upgrade scheduled for August 15, 2025. The upcoming v3.5.0 update, following months of development and community deliberation, could bring growth to the LUNC ecosystem. Can It Boost LUNC Price?

Terra Classic’s v3.5.0 Upgrade: What’s Changing?

The Terra Luna Classic blockchain will launch its v3.5.0 upgrade on August 15. This upgrade builds on the work done in February’s v3.4.0 release. The earlier upgrade aimed to make the system more efficient, improve security, and enhance transaction speed using CometBFT and Wasmvm updates. The v3.5.0 upgrade seeks to enhance these improvements even further.

One key aspect of the upgrade is the restart of the Market Module. It has received strong support from LUNC validators and community members. The vote on this will happen soon, which will help create a more reliable connection between LUNC and USTC. Test runs for the module are already being arranged, showing that the ecosystem is ready.

Orbit Labs has been asked to verify SDK 50.13, an essential part of the upgrade. If it gets approved and submitted in time, it will fit nicely into the rollout. With pressure to act quickly, developers and contributors are hopeful about making progress fast.

Like previous upgrades, v3.5.0 is the product of active community governance. Terra Classic operates as a decentralized blockchain where proposals are introduced, voted on, and enacted by validators and stakers. The collective “YES” vote to re-enable the Market Module highlights the community’s unity and proactive engagement.

Terra Classic’s governance is crucial for progress, whether it involves changing parameters or implementing proposals manually.. This democratic system ensures transparency and impacts the long-term success of LUNC.

Meanwhile, Galaxy Station data shows that the Market Module proposal has passed. 50.33%% of validators voted in favor of the proposal. 20.25% voted against the proposal, 0.43% voted no with a veto, while 28.99% abstained from voting.

LUNC Price Outlook: Will the Upgrade Spark a Rally?

Upgrades to Terra Classic have historically affected the LUNC price in a quantifiable way. LUNC has experienced significant price increases, including one of 320%, in the wake of previous upgrade announcements. If expectations match delivery, the next upgrade might go in a similar direction.

Terra Classic is more attractive to developers and traders due to its increased transaction speed, better validator incentives, and more robust security. Bullish sentiment is supported by the ongoing token burn program, which continues to reduce the amount of LUNC in circulation.

Crypto analyst Javon Marks highlighted a structural bullish divergence in LUNC, projecting a potential 180% price reversal toward $0.00016. All eyes are now on the upgrade’s rollout and the market’s reaction in its aftermath.

In summary, Terra Classic may be on the verge of a significant comeback with the v3.5.0 update. Along with the technical advancements, this could bring a boost in market confidence and investor sentiment. However, prompt implementation and ongoing community support are critical to the result.