Terra Luna Classic Successfully Undergoes v2.3.2 Upgrade, Will LUNC Price Rally?
Terra Luna Classic core developer L1TF has successfully completed the v2.3.2 upgrade to resolve the sequence mismatch issue affecting some validators after introducing dyncomm module. Validators are back online and continue to interact with the Terra Classic chain.
Traders anticipate a recovery in LUNC and USTC, but prices seem under pressure due to low trading volumes in the last few days and a crypto market correction looking this week.
Terra Luna Classic v2.3.2 Is Live
The Terra Classic upgrade for the deployment of terrad client v2.3.2 was executed at block 15751600 on December 8 at 12:38 UTC. The core developer L1TF changed the proposal to an upgrade to allow validators and node operators to implement changes as the chain halts automatically.
The Terra Luna Classic community passed Proposal 11890 “Upgrade to v2.3.2 (Sequence Mismatch Issue Resolution)” last week. The proposal received major support from the community, with 99.99% “Yes” votes. Among 66 validators who participated, all have voted “Yes”. This includes top validators including Allnodes, Interstellar Lounge, Interstake One, StakeBin, JESUSisLORD, and others.
Meanwhile, L1TF developer Vinh Nguyen on Thursday announced the formation of Terra Classic Coalition group to contribute to the Terra Classic chain developments as per the pay-per-job model. It is a group formed by key members of the community including Vinh, former L1TF developer Fragwuerdig, L1TF developer Gevik, developer StrathCole, and validator and creator Happy Catty Crypto.
Also Read: Bitcoin Price Can Hit $50,000 Next Week, Predicts Popular Crypto Analysts
LUNC and USTC Prices Moving Sideways
LUNC and USTC prices continue to move sideways after profit booking by traders. Terra Luna Classic ecosystem tokens saw massive trading volumes daily after Binance listed USTC perpetual contract trading and added new USTC trading pairs and LUNC/TRY pair.
LUNC price jumped nearly 1% in the last 24 hours, with the price currently trading at $0.00019. The 24-hour low and high are $0.000199 and $0.000216, respectively.
Meanwhile, USTC price trades at $0.042, up nearly 2% in 24 hours. The 24-hour low and high are $0.0418 and $0.0512, respectively. Trading volumes for both LUNC and USTC fell in the last few days.
Also Read: Fidelity Spot Bitcoin ETF Added To Active ETF And Pre-Launch List
- Coinbase Joins Ripple and Circle In Applying For National Banking License
- USDT Issuer Tether Eyes $200M Raise To Launch Tokenized Gold Treasury Company
- REX-Osprey Files For ADA, HYPE, XLM, SUI ETFs as Crypto ETF Frenzy Heats Up
- ChangeNOW’s Quiet Power Play in Helping Crypto Businesses
- Standard Chartered Sees Bitcoin Soaring to $200,000 by Year-End on ETF Boom
- BNB Coin Price Hits ATH as Derivatives Activity Soars—Is $1,520 the Next Stop?
- Aster Price Eyes $3 After Channel Breakout as Open Interest Surges to $1.37B
- Will XRP Price Hit $5 if the SEC Approves ETFs This Month?
- Bitcoin Price Hits $120K Ahead of Q4 — Can Citigroup’s Forecast Hold Up?
- Pi Network Price at Risk of Another Crash as Mysterious Whale Stops Buying
- Solana Price Eyes $360 After Bullish Retest As VisionSys AI Deploys $2B Treasury Strategy
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal 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.
