- Genuine Labs announced a major v3.0.1 upgrade for the Terra Luna Classic chain, focusing on enhancing efficiency, robustness, and security.
- Following the announcement, LUNC’s price jumped by 3%, reflecting positive market sentiment and anticipation of further gains.
Terra Classic Set For Another Core Upgrade
The Terra Luna Classic (LUNC) community is buzzing with anticipation as Genuine Labs, the core developer group, announces a major upgrade. This development has already triggered a 3% jump in LUNC’s price within the last 24 hours, hinting at a potential rally above the $0.0002 mark.
Genuine Labs revealed their readiness for a v3.0.1 upgrade of the Terra Classic chain, aiming to enhance the system’s efficiency and robustness. This announcement was made public through a post on X on May 24, detailing the proposal for governance voting on the Terra Classic station.
The new upgrade will incorporate several critical improvements, as outlined in their GitHub repository. These improvements include updating various chain components, fixing the dyncomm decorator, and addressing p2p storm attacks. The v3.0.1 upgrade is part of Genuine Labs’ broader roadmap designed to bolster the security and functionality of the Terra Luna Classic chain.
Recently, the rebel-2 testnet update was successfully completed, running on terrad-v3.0.1-rc.1. This upgrade encompasses several key elements such as SDK v0.47, wasmd v0.45, ibc-go v7, and a crucial p2p storm fix. These enhancements are expected to significantly improve the network’s operation and performance.
The Terra Luna Classic ecosystem has responded positively to the news, with tokens showing notable price increases. LUNC’s price has risen more than 3% over the past 24 hours, currently trading at $0.000111. The 24-hour low and high were recorded at $0.0001094 and $0.0001161, respectively. Despite the price jump, trading volume has seen a slight decrease over the same period.
Similarly, the USTC token has experienced a price increase of over 3% in the last 24 hours, now trading at $0.02256. The 24-hour low and high for USTC were $0.02128 and $0.02296, respectively.
This upgrade marks a significant step for the Terra Luna Classic community, reflecting Genuine Labs’ commitment to continuous improvement and security enhancements. As traders and investors react to these developments amid a broader recovery in the crypto market, LUNC’s price could see further upward momentum.
The anticipation surrounding the v3.0.1 upgrade and its potential impact on the Terra Classic chain is palpable. With these upgrades, the Terra Luna Classic is well-positioned to strengthen its network, attract more users, and potentially achieve new price milestones in the coming months.
