Terra Luna Classic (LUNC): Key Proposal Nears Approval Ahead of v3.3.0 Upgrade

The Terra Luna Classic (LUNC) community is voting on Proposal 12147 to update LUNC and USTC on CoinMarketCap (CMC).

The Terra Luna Classic (LUNC) community is set to vote on a crucial proposal, 12147, which aims to integrate updated links for LUNC and USTC on CoinMarketCap (CMC). This move holds great significance in enhancing visibility and accessibility for both existing and new investors in the cryptocurrency.

According to the latest snapshot, a total of 215 delegators and 30 validators have participated in the voting process so far, and the majority have expressed their support for the proposal. The current voting status indicates 51% voting yes, 37% voting no, and mixed participation from validators.

However, some critics, such as HappyCattyCrypto, have voiced their concerns regarding the centralization of CMC links and the lack of crucial metrics and tools for LUNC.

If approved, this proposal will grant dashboard access to Allnodes, a prominent validator, to implement the necessary changes. Once complete, the CMC dashboard will feature links to Galaxy Finder, Terra Classic Documentation, GitHub, and Commonwealth Forum. This integration aims to bolster community engagement, promote transparency, and foster the growth of the Terra Luna Classic ecosystem.

As we approach December 17th, the upcoming v3.3.0 upgrade for Terra Luna Classic promises to streamline tax handling and introduce new utility features for the cryptocurrency.

The new framework will reduce development barriers, making it easier for decentralized applications (d’Apps) to integrate with the platform.

Key benefits of the v3.3.0 upgrade include:

A simplified tax system, designed to make it easier for developers and users to manage transactions on the network.

Boosted utility, encouraging more projects to adopt the Terra Luna Classic chain.

Enhanced developer tools, facilitating innovation across the ecosystem.

This substantial upgrade is anticipated to pique interest in the project, especially as the community aligns its efforts to secure a stronger position within the broader cryptocurrency landscape.

Now, let's shift our focus to the price action of LUNC and USTC in the market.

Despite the overall bearish market conditions, Terra Luna Classic (LUNC) continues to trade within a crucial zone. At the time of writing, LUNC is priced at $0.0001316, reflecting a 4% decrease over the last 24 hours. The cryptocurrency is sandwiched between support at $0.00012 and resistance at $0.00018. Notably, if LUNC manages to break above this resistance level, it could trigger a significant rally, similar to the recent surge experienced by XRP.

On the other hand, USTC has encountered a slight decline of 3%, currently trading at $0.02437. Over the last 24 hours, USTC has oscillated within a narrow range of $0.02394 to $0.02559. This price movement is attributed to traders engaging in profit-taking following the recent rally.