Terra Classic price up 6%

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LUNC price chart via CoinMarketCap

LUNC price jumped more than 6% following the news of the v2.1.0 upgrade proposal being discussed, tweeted by the @LUNCBurnArmy account.

Terra Classic 24-hour trading volume has increased by around 300%, but the LUNC price still has a long way to go to regain its September 2022 high of $0.00059.

Terra Classic v2.1.0 Update

The latest release of LUNC Burn Army is the third major update to the Terra Classic blockchain, scheduled for June 14 at around 17:20 UTC.

It includes a minimum commission of 5% for validators, Cosmwasm v1.1.x and two security updates.

Read the full text of the LUNC v2.1.0 upgrade proposal at commonwealth.im.

LUNC Price Prediction

Today, priced at $0.00009, Terra Classic’s price is down 86% from its peak.

LUNC price chart via Binance

A return to its 2022 highs would require a 655% increase.

With its fully diluted market cap still above $600 million and LUNC’s supply not having been significantly burned – still around $5.85 trillion, not much less than following the Terra LUNA crash. which inflated the circulating supply of the old Terra coin – this could be difficult to achieve.

Last year, in a Terra Classic price prediction post, we noted that two expert crypto analysts predicted that the bull run might be over for LUNC price – Light (@lightcrypto) and GCR (@GiganticRebirth and @GCRClassic).

Read this LUNC price prediction article here. Since then, the price of Terra Classic has fallen another 75%.

For more recent technical analysis, see our June Terra Classic price prediction article.

Alternatives

We have reviewed many newer low-cap cryptocurrency assets here on CryptoNews, some in pre-sale stage and some recently listed on the exchange.

In total, we have selected 21 new crypto coins with high growth potential for 2023 and into 2024, including a mix of meme coins and utility tokens.

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